Iowa 2019-2020 Regular Session Status: Enacted

HF 263 — A bill for an act relating to application fees for certain consumer loans. (Formerly HSB 34.) Effective 7-1-19.

Last action — Signed by Governor.

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

This bill has been enacted into law. Introduced February 06, 2019. Enacted.

Prognosis

Not enough signal yet

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

Not enough signal yet to read this bill's trajectory — we surface a likelihood only once there's real movement (stage, sponsorship, committee, or votes) to point to.

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Bill Text

What changed in the latest version

16 added · 24 removed

16 line(s) added, 24 removed.

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Latest
House File 263 - Introduced HOUSE FILE 263 BY COMMITTEE ON COMMERCE (SUCCESSOR TO HSB 34) A BILL FOR An Act relating to application fees for certain consumer loans.
House File 263 - Enrolled House File 263 AN ACT RELATING TO APPLICATION FEES FOR CERTAIN CONSUMER LOANS.
TLSB 1786HV (1) 88 gh/rn H.F.
Section 1.
263 Section 1.
The fee permitted pursuant to this paragraph shall not be charged in connection with a loan used for the purchase of a motor vehicle, or for a loan where the borrower’s dwelling is used as security.
The fee permitted pursuant to this paragraph shall not be charged in connection with a loan used for the purchase of a motor House File 263, p.
EXPLANATION The inclusion of this explanation does not constitute agreement with the explanation’s substance by the members of the general assembly.
2 vehicle, or for a loan where the borrower’s dwelling is used as security.
Code section 537.2501(1)(j) allows a creditor to charge an application fee for consumer loans where the amount financed does not exceed $3,000 and the term of the loan does not exceed 12 months, in addition to a finance charge.
______________________________ ______________________________ LINDA UPMEYER CHARLES SCHNEIDER Speaker of the House President of the Senate I hereby certify that this bill originated in the House and is known as House File 263, Eighty-eighth General Assembly.
The specified application fee is the same for loans that are approved and loans that are not approved.
______________________________ CARMINE BOAL Chief Clerk of the House Approved _______________, 2019 ______________________________ KIM REYNOLDS Governor
This bill modifies that Code section by providing that application fees may be charged solely to applicants who are approved or to all applicants, and by removing duplicative language regarding application fees for loans that are not approved.
LSB 1786HV (1) 88 -1- gh/rn 1/1
View plain text versions (2)

Action History

  1. Signed by Governor.

  2. Reported correctly enrolled, signed by Speaker and President, and sent to Governor.

  3. Message from Senate.

  4. Immediate message.

  5. Passed Senate, yeas 50, nays 0.

  6. Placed on calendar under unfinished business.

  7. Committee report, recommending passage.

  8. Subcommittee: Nunn, Koelker, and Petersen.

  9. Read first time, referred to Commerce.

  10. Message from House.

  11. Immediate message.

  12. Passed House, yeas 94, nays none.

  13. Introduced, placed on calendar.

Sponsorship breakdown

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0 sponsors · 0 co-sponsors · 150 not signed on

Sponsors (0)

None.

Co-sponsors (0)

None.

Not signed on (150)

150 members have not signed on to this bill.

Show all 150 →

"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

Subjects

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

What is the current status of HF 263?
This bill has been enacted into law. Introduced February 06, 2019. Enacted.
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