North Carolina 2019-2020 Session Status: Enacted Bipartisan · 6 R · 2 D cosponsors

SB 162 — Loan Origination/Late Payment Charge Changes.

Last action — Signed by Gov. 4/1/2019

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Senate
  4. ✓
    Passed House
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced February 27, 2019. Enacted.

Prognosis

Likely to advance 98% · high confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 11 sponsors

    2 primary, 9 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (6 R · 2 D) — cross-party backing.

  • Cleared a recorded vote

    Passed 2 recorded votes so far.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Bill Text

What changed in the latest version

8 added · 8 removed

Plain-language change summary

The recent amendment to Senate Bill 162 updates the approval language to reflect that the bill has been officially signed into law by the governor, Roy Cooper, on April 1, 2019. This change clarifies the bill's status and makes it clear that it has completed the legislative process. This distinction is important because it solidifies the bill's implementation and informs the public and stakeholders that the law is now in effect.

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GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 2019 SENATE BILL 162 RATIFIED BILL AN ACT TO MODERNIZE THE LOAN ORIGINATION FEE FOR NORTH CAROLINA BANKS AND TO ADJUST THE LATE PAYMENT CHARGE FOR CERTAIN LOANS.
GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 2019 SESSION LAW 2019-10 SENATE BILL 162 AN ACT TO MODERNIZE THE LOAN ORIGINATION FEE FOR NORTH CAROLINA BANKS AND TO ADJUST THE LATE PAYMENT CHARGE FOR CERTAIN LOANS.
*S162-v-2* (e) Any bank or savings institution organized under the law of North Carolina or of the United States may charge a party to a loan or extension of credit not secured by real property governed bythis section an origination fee not to exceed the greater of one-quarter of one percent (1/4 of 1%) of the outstanding balance or fifty dollars ($50.00).as follows:
*S162-v-3* (e) Any bank or savings institution organized under the law of North Carolina or of the United States may charge a party to a loan or extension of credit not secured by real property governed bythis section an origination fee not to exceed the greater of one-quarter of one percent (1/4 of 1%) of the outstanding balance or fifty dollars ($50.00).as follows:
Page 2 Senate Bill 162-Ratified 4.
Page 2 Session Law 2019-10 Senate Bill 162 4.
Senate Bill 162-Ratified Page 3 a.
Senate Bill 162 Session Law 2019-10 Page 3 a.
Forest President of the Senate s/ Tim Moore Speaker of the House of Representatives _____________________________________ Roy Cooper Governor Approved __________.m.
Forest President of the Senate s/ Tim Moore Speaker of the House of Representatives s/ Roy Cooper Governor st Approved 2:49 p.m.
this ______________ day of ___________________, 2019 Page 4 Senate Bill 162-Ratified
this 1 day of April, 2019 Page 4 Session Law 2019-10 Senate Bill 162
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View plain text versions (4)

Action History

  1. Signed by Gov. 4/1/2019

  2. Ch. SL 2019-10

  3. Passed 2nd Reading

  4. Passed 3rd Reading

  5. Ordered Enrolled

  6. Ratified

  7. Pres. To Gov. 3/27/2019

  8. Reptd Fav

  9. Cal Pursuant Rule 36(b)

  10. Placed On Cal For 03/27/2019

  11. Reptd Fav

  12. Re-ref Com On Rules, Calendar, and Operations of the House

  13. Passed 1st Reading

  14. Ref to the Com on Banking, if favorable, Rules, Calendar, and Operations of the House

  15. Regular Message Sent To House

  16. Regular Message Received From Senate

  17. Passed 2nd Reading

  18. Passed 3rd Reading

  19. Reptd Fav

  20. Reptd Fav

  21. Re-ref Com On Rules and Operations of the Senate

  22. Withdrawn From Com

  23. Re-ref to Commerce and Insurance. If fav, re-ref to Rules and Operations of the Senate

  24. Passed 1st Reading

  25. Ref To Com On Rules and Operations of the Senate

  26. Filed

Sponsors

Sponsorship breakdown

Export CSV (upgrade) →

2 sponsors · 9 co-sponsors · 168 not signed on · 2 voted No

Sponsors (2)

Co-sponsors (9)

Not signed on (168)

168 members have not signed on to this bill.

Show all 168 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Second Reading

Passed 102 Yea · 7 Nay · 11 Other
Party YeaNayPresentNot Voting
Republican 28104
Democratic 23002
Unaffiliated 49605
U 2000
Total 1027011
% of votes cast 85%6%0%9%
How each member voted (120)
Member Party Vote
Beasley — Yea
Clemmons — Yea
Fisher — Yea
Floyd — Yea
Gailliard — Yea
Garrison — Yea
Gill — Yea
Goodman — Yea
Harris — Yea
Holley — Yea
Hunt — Yea
Hunter — Yea
Insko — Yea
Jackson — Yea
Lucas — Yea
Martin — Yea
Montgomery — Yea
Russell — Yea
vonHaefen — Yea
Wray — Yea
Boles — Yea
Bumgardner — Yea
Carter — Yea
Cleveland — Yea
Conrad — Yea
Davis — Yea
Elmore — Yea
Faircloth — Yea
Fraley — Yea
Grange — Yea
Hardister — Yea
Henson — Yea
Horn — Yea
Hurley — Yea
L. Johnson — Yea
Lewis — Yea
McElraft — Yea
McGrady — Yea
McNeill — Yea
Murphy — Yea
Presnell — Yea
Rogers — Yea
Saine — Yea
Sasser — Yea
Yarborough — Yea
Zachary — Yea
Autry — Nay
Black — Nay
Queen — Nay
Terry — Nay
Dobson — Nay
Speciale — Nay
Moore — Not Voting
Farmer-Butterfield — Not Voting
Graham — Not Voting
Richardson — Not Voting
Szoka — Not Voting
C. Smith — Yea
K. Smith — Yea
R. Smith — Yea
Allison A. Dahle Democratic Yea
Amos L. Quick, III Democratic Yea
Becky Carney Democratic Yea
Brandon Lofton Democratic Yea
Brian Turner Democratic Yea
Brian Turner Democratic Not Voting
Carolyn G. Logan Democratic Yea
Cecil Brockman Democratic Yea
Cynthia Ball Democratic Yea
Dante Pittman Democratic Yea
Deb Butler Democratic Yea
Eric Ager Democratic Yea
Gale Adcock Democratic Not Voting
Garland E. Pierce Democratic Yea
Graig Meyer Democratic Yea
Joe John Democratic Yea
Marcia Morey Democratic Yea
Mary Belk Democratic Yea
Pricey Harrison Democratic Yea
Robert T. Reives, II Democratic Yea
Shelly Willingham Democratic Yea
Sydney Batch Democratic Yea
Terence Everitt Democratic Yea
Tracy Clark Democratic Yea
Zack Hawkins Democratic Yea
Bobby Hanig Republican Yea
Brenden H. Jones Republican Yea
Chris Humphrey Republican Yea
Dean Arp Republican Not Voting
Dennis Riddell Republican Yea
Destin Hall Republican Yea
Donna McDowell White Republican Yea
Donny Lambeth Republican Yea
Edward C. Goodwin Republican Yea
Frank Iler Republican Yea
Harry Warren Republican Yea
Hugh Blackwell Republican Yea
Jay Adams Republican Yea
Jimmy Dixon Republican Yea
John A. Torbett Republican Yea
John R. Bell, IV Republican Yea
John Sauls Republican Yea
Julia C. Howard Republican Not Voting
Keith Kidwell Republican Nay
Kelly E. Hastings Republican Not Voting
Kevin Corbin Republican Yea
Kyle Hall Republican Yea
Larry C. Strickland Republican Yea
Larry W. Potts Republican Yea
Lisa S. Barnes Republican Yea
Mark Brody Republican Yea
Mitchell S. Setzer Republican Not Voting
Phil Shepard Republican Yea
Sarah Stevens Republican Yea
Stephen M. Ross Republican Yea
Steve Jarvis Republican Yea
W. Ted Alexander Republican Yea
William D. Brisson Republican Yea
Carla D. Cunningham U Yea
Nasif Majeed U Yea

Official roll call →

Second Reading

Passed 46 Yea · 1 Nay · 3 Other
Party YeaNayPresentNot Voting
Democratic 7100
Republican 14000
Unaffiliated 25002
Total 46102
% of votes cast 94%2%0%4%
How each member voted (49)
Member Party Vote
deViere — Yea
Fitch — Yea
J. Jackson — Yea
Marcus — Yea
McKissick — Yea
Nickel — Yea
Peterson — Yea
Searcy — Yea
Smith — Yea
VanDuyn — Yea
Woodard — Yea
Ballard — Yea
Bishop — Yea
Edwards — Yea
Gallimore — Yea
Gunn — Yea
Harrington — Yea
Horner — Yea
Johnson — Yea
Krawiec — Yea
Newton — Yea
Perry — Yea
Steinburg — Yea
Tillman — Yea
Wells — Yea
Foushee — Not Voting
Brown — Not Voting
Dan Blue Democratic Yea
Gladys A. Robinson Democratic Yea
Jay J. Chaudhuri Democratic Yea
Joyce Waddell Democratic Yea
Michael Garrett Democratic Yea
Mujtaba A. Mohammed Democratic Yea
Paul A. Lowe, Jr. Democratic Yea
Tracy Clark Democratic Nay
Bill Rabon Republican Yea
Brent Jackson Republican Yea
Carl Ford Republican Yea
Danny Earl Britt, Jr. Republican Yea
Jim Burgin Republican Yea
Norman W. Sanderson Republican Yea
Phil Berger Republican Yea
Ralph Hise Republican Yea
Ted Davis, Jr. Republican Yea
Ted Davis, Jr. Republican Yea
Tom McInnis Republican Yea
Vickie Sawyer Republican Yea
W. Ted Alexander Republican Yea
Warren Daniel Republican Yea

Official roll call →

Subjects

finance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors SB 162?
SB 162 is sponsored by Krawiec, Bill Rabon (Republican), Paul A. Lowe, Jr. (Democratic), Danny Earl Britt, Jr. (Republican), Gunn, Ralph Hise (Republican), Tom McInnis (Republican), D. Davis, Joyce Waddell (Democratic), Todd Johnson (Republican), and Brent Jackson (Republican).
What is the current status of SB 162?
This bill has been enacted into law. Introduced February 27, 2019. Enacted.
Where can I track SB 162?
Track SB 162 free on One Click Politics — get push/email alerts when it moves.

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