CS/SB 580 (2023) -  Consumer Finance Loans

General Bill by Banking and Insurance and Gruters
Consumer Finance Loans: Prohibiting a person from operating a branch of a business making consumer finance loans before obtaining a license from the Office of Financial Regulation; revising the maximum interest rate and the calculation of interest rates on consumer finance loans; requiring licensees offering an assistance program to borrowers after a federally declared major disaster to send a specified notice to the office within a certain timeframe; requiring certain licensees to suspend specified actions for a certain timeframe after a federally declared disaster, etc.
Effective Date: 07/01/2023
Last Event: 05/01/23 S Laid on Table -SJ 654 on Monday, May 1, 2023 2:08 PM

Referred Committees and Committee Actions

Senate Referrals

  • Banking and Insurance
    • On agenda for: 03/29/23 8:30 AM
    • Favorable With Committee Substitute (final action) Votes: Yeas 8   Nays 3
  • Appropriations Committee on Agriculture, Environment, and General Government
    • On agenda for: 04/18/23 12:00 PM
    • Favorable (final action) Votes: Yeas 10   Nays 3
  • Fiscal Policy
    • On agenda for: 04/25/23 10:00 AM
    • Favorable (final action) Votes: Yeas 15   Nays 4

Related Bills

Bill # Subject Relationship
Bill #: CS/CS/HB 1267 Subject: Consumer Finance Loans Relationship: Similar

Bill Text

Staff Analysis

Chamber Committee
Chamber: Senate Committee: Fiscal Policy 4/26/2023 1:51:50 PM
Chamber: Senate Committee: Fiscal Policy 4/24/2023 9:50:38 AM
Chamber: Senate Committee: Appropriations Committee on Agriculture, Environment, and General Government 4/19/2023 9:55:02 AM
Chamber: Senate Committee: Appropriations Committee on Agriculture, Environment, and General Government 4/17/2023 8:30:12 AM
Chamber: Senate Committee: Banking and Insurance 3/30/2023 8:39:44 PM
Chamber: Senate Committee: Banking and Insurance 3/27/2023 7:27:47 PM

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: S Laid on Table -SJ 654 Time: 05/01/2023 - 2:08 PM Member: Committee: Version: c1
Event: S Substituted CS/CS/HB 1267 (Vetoed by Governor) -SJ 654 Time: 05/01/2023 - 2:08 PM Member: Committee: Version: c1
Event: S Read 2nd time -SJ 653 Time: 05/01/2023 - 2:07 PM Member: Committee: Version: c1
Event: S Placed on Special Order Calendar, 05/01/23 Time: 04/26/2023 - 7:19 PM Member: Committee: Version: c1
Event: S Placed on Calendar, on 2nd reading Time: 04/26/2023 - 3:08 PM Member: Committee: Fiscal Policy Version: c1
Event: S Favorable by- Fiscal Policy; YEAS 15 NAYS 4 Time: 04/25/2023 - 9:06 PM Member: Committee: Fiscal Policy Version: c1
Event: S On Committee agenda-- Fiscal Policy, 04/25/23, 10:00 am, 412 Knott Building Time: 04/20/2023 - 3:48 PM Member: Committee: Fiscal Policy Version: c1
Event: S Now in Fiscal Policy Time: 04/19/2023 - 4:28 PM Member: Committee: Fiscal Policy Version: c1
Event: S Favorable by Appropriations Committee on Agriculture, Environment, and General Government; YEAS 10 NAYS 3 Time: 04/18/2023 - 3:03 PM Member: Committee: Appropriations Committee on Agriculture, Environment, and General Government Version: c1
Event: S On Committee agenda-- Appropriations Committee on Agriculture, Environment, and General Government, 04/18/23, 12:00 pm, 110 Senate Building Time: 04/13/2023 - 2:48 PM Member: Committee: Appropriations Committee on Agriculture, Environment, and General Government Version: c1
Event: S CS by Banking and Insurance read 1st time Time: 03/31/2023 - 3:50 PM Member: Committee: Banking and Insurance Version: c1
Event: S Now in Appropriations Committee on Agriculture, Environment, and General Government Time: 03/31/2023 - 9:33 AM Member: Committee: Appropriations Committee on Agriculture, Environment, and General Government Version: c1
Event: S Pending reference review under Rule 4.7(2) - (Committee Substitute) Time: 03/31/2023 - 9:16 AM Member: Committee: Banking and Insurance Version: __
Event: S CS by Banking and Insurance; YEAS 8 NAYS 3 Time: 03/29/2023 - 11:18 AM Member: Committee: Banking and Insurance Version: __
Event: S On Committee agenda-- Banking and Insurance, 03/29/23, 8:30 am, 412 Knott Building Time: 03/24/2023 - 2:17 PM Member: Committee: Banking and Insurance Version: __
Event: S Introduced Time: 03/07/2023 - 10:45 AM Member: Committee: Version: __
Event: S Referred to Banking and Insurance; Appropriations Committee on Agriculture, Environment, and General Government; Fiscal Policy Time: 02/16/2023 - 12:39 PM Member: Committee: Banking and Insurance Version: __
Event: S Filed Time: 02/08/2023 - 11:46 AM Member: Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
516.01 CS/CS/HB 1267
516.02 CS/CS/HB 1267
516.03 CS/CS/HB 1267
516.031 CS/CS/HB 1267
516.15 CS/CS/HB 1267
516.19 CS/CS/HB 1267
516.38 CS/CS/HB 1267
516.39 CS/CS/HB 1267