l9n/ Connecticut

2005 Regular Session

Senate Bill 1219

AN ACT CONCERNING CONSUMER CREDIT, CHECK CASHING AND MONEY TRANSMISSION.

Became law as Public Act 05-46, signed May 17, 2005, 76 days after it was filed.

What it does

The synopsis the General Assembly published with the bill.

To strengthen the Banking Commissioner's enforcement authority with respect to consumer credit licensees and registrants; to clarify that the existing license of first mortgage, secondary mortgage, sales finance company, small loan lender and consumer collection agency licensees will not expire when a licensee files a late renewal application in accordance with the applicable statute; to require a check cashing service licensee to obtain the commissioner's approval prior to changing the name specified on its license; to delete the automatic suspension of a location transfer approval if the check used to pay the fee for such approval is dishonored; to require money transmission licensees and Connecticut payment instrument issuer licensees to obtain the commissioner's approval prior to changing their name; to prohibit federal credit unions from discriminating in the making of certain types of loans and to subject them to the same requirements that apply to other financial institutions regarding pending loan applications submitted by a member of a reserve unit of the armed services of the United States or the National Guard that is called into active duty before the lender makes a determination on the loan application; to require the commissioner to adopt regulations specifying the forms mortgagees may use to report interest due pursuant to section 49-2a of the general statutes to mortgagors and specifying a form a lender may use to give notice to homeowners of the availability of the provisions of sections 49-31d to 49-31i, inclusive, of the general statutes when the lender commences an action for foreclosure of a mortgage on residential real property.

Sponsors

Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.

In the Senate

In the House of Representatives

    1 co-sponsor

    David A. Scribner

    Its course

    March 2 to May 17, 2005, on one scale. In the top row each mark is a day something happened; taller marks are busier days.

    Each committee stop sits inside its chamber.

    Every action19 actions on 12 days

    In the SenateMar 2 to Apr 2756 days

    Banking CommitteeMar 2 to Mar 1513 days

    In the House of RepresentativesApr 27 to May 58 days

    Waiting to be sentMay 5 to May 127 days

    With the GovernorMay 12 to May 175 days

    Amendments

    Each amendment offered, and what became of it.

    • Senate floor amendmentAdopted

      Adopted Apr 27 · Adopted May 5

    Text

    Each version as the General Assembly printed it.

    l9n doesn't hold this bill's text yet.

    What happened

    In l9n's words, one line for each step. Every action as the General Assembly published it is below.

    In the Senate Mar 2 – Apr 27

    1. Mar 2Introduced and sent to Banking Committee
    2. Mar 3Heard in Banking Committee
    3. Mar 15Banking Committee recommended it
    4. Apr 27The Senate adopted Senate Amendment A
    5. Passed the Senate with Senate Amendment A

    In the House of Representatives Apr 28 – May 5

    1. Apr 28Arrived in the House of Representatives
    2. May 5The House of Representatives adopted Senate Amendment A
    3. Passed the House of Representatives with Senate Amendment A

    To the Governor May 10 – May 17

    1. May 10Numbered Public Act 05-46
    2. May 12Sent to the Secretary of the State
    3. May 17Signed by the Governor
    All 19 actions, as published
    1. Mar 2REF. TO JOINT COMM. ONBoth houses
    2. Mar 3PUBLIC HEARINGBoth houses
    3. Mar 15Joint FavorableBoth houses
    4. Mar 16FILED WITH LCOBoth houses
    5. Mar 22REFERRED TO OLR, OFABoth houses
    6. Mar 30RPTD. OUT OF LCOBoth houses
    7. Mar 30FAV. RPT., TAB. FOR CAL., SEN.Senate
    8. Mar 30SENATE CALENDAR NUMBERSenate
    9. Mar 30FILE NO.Both houses
    10. Apr 27SEN. ADOPTED SEN. AMEND. SCH.Senate
    11. Apr 27SEN. PASSED, SEN. AMEND. SCH.Senate
    12. Apr 28FAV. RPT., TABLED FOR HOUSE CALENDARHouse of Representatives
    13. Apr 28HOUSE CALENDAR NUMBERHouse of Representatives
    14. May 5HOUSE ADOPTED SEN. AMEND. SCH.House of Representatives
    15. May 5HOUSE PASSED, SEN. AMEND. SCH.House of Representatives
    16. May 5IN CONCURRENCEHouse of Representatives
    17. May 10PUBLIC ACTBoth houses
    18. May 12TRANSMITTED TO SECRETARY OF THE STATEBoth houses
    19. May 17SIGNED BY GOVERNORGovernor