HB 523 2017-2018 Regular Session

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2017-2018 Regular Session - HB 523
Banking and finance; industrial loans; certain distance from military base or installation; prohibit issuance of license to issue

Sponsored By

(1) Strickland, Brian 111th(2) Prince, Brian 127th(3) Nimmer, Chad 178th

(4) England, Terry 116th(5) Meadows, John 5th

Committees

HC: Industry and LaborSC: Banking and Financial Institutions

First Reader Summary

A BILL to be entitled an Act to amend Chapter 3 of Title 7 of the Official Code of Georgia Annotated, relating to industrial loans, so as to prohibit the issuance of a license to issue industrial loans within a certain distance from a military base or installation; to require certain disclosures related to insurance premiums on industrial loans in certain instances; to prohibit persons engaged in the business of making industrial loans from issuing payment instruments which create a loan contract upon redemption, unless a previous contract has been entered into between the two parties; to provide for related matters; to repeal conflicting laws; and for other purposes.

Status History

Mar/06/2017 - Senate Read and Referred

Mar/03/2017 - House Passed/Adopted By Substitute

Mar/03/2017 - House Third Readers

Mar/03/2017 - House Committee Favorably Reported By Substitute

Mar/01/2017 - House Second Readers

Feb/28/2017 - House First Readers

Feb/28/2017 - House Hopper

Footnotes

3/03/2017 Modified Structured Rule

Votes

Mar/03/2017 - House Vote #247Yea(146)Nay(6)NV(13)