Under existing law, the term of a deferred presentment transaction is between 10 and 31 calendar days.
This bill would set the term of all deferred presentment transactions at 30 calendar days.
Read for the first time and referred to the House of Representatives committee on Financial Services
Orr motion to Reconsider lost Roll Call 718
Orr motion to Reconsider and Table lost Roll Call 717
Motion to Read a Third Time and Pass adopted Roll Call 716
Third Reading Passed
Read for the second time and placed on the calendar
Read for the first time and referred to the Senate committee on Banking and Insurance
Source: Alabama Legislature