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SB48 Alabama 2022 Session

Updated Mar 30, 2022

Summary

Primary Sponsor
Tom Whatley
Republican
Session
Regular Session 2022
Title
Motor vehicle, financing and lease agreements, lease waiver agreements to pay deficiency balances at end of lease, motor vehicle value protection agreements to reduce deficiency balances, Secs. 8-37A-1 to 8-37A-6, inclusive, added; Sec. 8-37-2 am'd.
Description

This bill would relate to credit financing of the sale or lease of motor vehicles. This bill would further define a guaranteed asset protection waiver or GAP waiver to include excess wear and use waivers in consumer lease agreements. This bill would also authorize the sale of motor vehicle value protection agreements to reduce deficiency balances relating to motor vehicle credit financing agreements.

Subjects
Motor Vehicles

Bill Actions

S

Assigned Act No. 2022-179.

S

Enrolled

H

Signature Requested

S

Passed Second House

H

Motion to Read a Third Time and Pass adopted Roll Call 623

H

Third Reading Passed

H

Read for the second time and placed on the calendar

H

Read for the first time and referred to the House of Representatives committee on Financial Services

S

Engrossed

S

Motion to Read a Third Time and Pass adopted Roll Call 47

S

Whatley motion to Adopt adopted Roll Call 46

S

Whatley Amendment Offered

S

Third Reading Passed

S

Read for the second time and placed on the calendar

S

Read for the first time and referred to the Senate committee on Judiciary

Bill Text

Votes

Whatley motion to Adopt Roll Call 46

February 1, 2022 Senate Passed
Yes 32
Absent 3

SBIR: Whatley motion to Adopt Roll Call 45

February 1, 2022 Senate Passed
Yes 32
Absent 3

Motion to Read a Third Time and Pass Roll Call 47

February 1, 2022 Senate Passed
Yes 32
Absent 3

HBIR: Ingram motion to Adopt Roll Call 622

March 15, 2022 House Passed
Yes 101
Absent 1

Motion to Read a Third Time and Pass Roll Call 623

March 15, 2022 House Passed
Yes 101
Absent 1

Documents

Source: Alabama Legislature