Did not become law. It stopped in the House of Representatives's Banking Committee on March 4, 2020. The 2020 session has ended.
2020 Regular Session
House Bill 5427
AN ACT CONCERNING ISSUES RELATING TO DEBT COLLECTION.
What it does
The synopsis the General Assembly published with the bill.
To (1) require financial institutions to leave the lesser of the account balance or one thousand dollars in a judgment debtor's account during a bank execution; (2) increase the amount of the threshold of the aggregate cash price of a repossessed motor vehicle or boat for purposes of the formula for calculating the prima facie fair market value of such motor vehicle or boat; (3) eliminate extension options and establish a firm ten-year statute of limitations for the enforcement of small claims judgments; and (4) clarify that credit card charges for the purchase of goods and services are not to be considered moneys loaned for purposes of post-judgment interest.
Sponsors
Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.
Its course
March 3 to March 4, 2020, 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 action2 actions on 2 days
In the House of RepresentativesMar 3 to Mar 4 · stopped1 day
Banking CommitteeMar 3 to Mar 4 · stopped1 day
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 House of Representatives Mar 3 – Mar 4
- Mar 3Introduced and sent to Banking Committee
- Mar 4Heard in Banking Committee
All 2 actions, as published
- Mar 3REF. TO JOINT COMM. ONBoth houses
- Mar 4PUBLIC HEARINGBoth houses