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  1. Bama Politics
  2. Alabama
  3. Alabama House & Senate Bills
  4. 2018 Alabama Legislative Regular Session
  5. 2018 Alabama House Bills
  6. HB 99
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HB 99

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In Committee
Contents hide
  • 1 Bill Summary
  • 2 Bill Actions
  • 3 Bill Calendar
  • 4 Bill Text
  • 5 Bill Votes
  • 6 Bill Documents

Bill Summary

Sponsors
  • Jimmy Martin
Session
Regular Session 2018
Title
Motor vehicle, guaranteed asset protection waiver increase the fine for providing a refund, Sec. 8-37-6 am'd.
Description

Existing law provides that if a guaranteed asset protection waiver is canceled due to early termination of the finance agreement, the creditor, administrator, or other authorized party shall provide any refund due to a borrower within 60 days of termination without requiring the borrower to request cancellation of the waiver

This bill would extend the refund period to 120 days

To amend Section 8-37-6 as added to the Code of Alabama 1975, by Act 2017-392 (Acts 2017, 2017 Regular Session) relating to guaranteed asset protection waivers; to require a creditor or the administrator or retail seller of a motor vehicle to provide, within 120 days of termination, any refund due to a borrower if a guaranteed asset protection waiver is canceled due to early termination of the finance agreement without requiring the borrower to request cancellation of the waiver.

Subjects
Motor Vehicles

Bill Actions

Action Date Chamber Action
February 22, 2018 H Farley intended to vote Nay
February 22, 2018 H Motion to Read a Third Time and Pass lost Roll Call 471
February 22, 2018 H Lost in house of origin
January 25, 2018 H Read for the second time and placed on the calendar
January 9, 2018 H Read for the first time and referred to the House of Representatives committee on Financial Services

Bill Calendar

Type Date Location Description
Hearing January 24, 2018 Room 428 at 09:00 House FS Hearing
Hearing January 17, 2018 Room 428 at 09:00 House FS Hearing
Hearing January 17, 2018 Room 428 at 09:30 House FS Hearing
Hearing February 15, 2017 Room 429 at 09:00 House SG Hearing

Bill Text

Download HB 99 PDF

Bill Votes

Motion to Read a Third Time and Pass
2018-02-22
Chamber: House
Result: Failed

Bill Documents

Type Link
Bill Text HB 99 - Introduced
Bill Amendments House Agriculture and Forestry first Substitute Offered
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