Alabama 2017 Regular Session Status: Introduced 1 R cosponsors

SB 284 — Banking, loans and consumer credit transactions, small loans, acquisition charge prohibited on refinances within first six months, deferred presentment transaction, term set at 30 days, total transactions limited, collection activity limited, repayment plan for certain transactions set at three months, interest on loan over $2,000 limited, Secs. 5-18-15, 5-18A-3, 5-18A-12, 5-18A-13, 8-8-5 am'd.

Last action — Indefinitely Postponed

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

This bill died with 2017 Regular Session. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

In plain language

The bill changes regulations for small loans and consumer credit transactions.

The bill prohibits acquisition charges on refinances within six months and sets limits on loan terms and transactions. The full details of the text are not available.

Summary

Banking, loans and consumer credit transactions, small loans, acquistion charge prohibited on refinances within first six months, deferred presentment transaction, term set at 30 days, total transactions limited-

Bill Text

Action History

  1. Read for the second time and placed on the calendar with 1 substitute and 1 amendment

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 139 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (139)

139 members have not signed on to this bill.

Show all 139 →

"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

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

What does SB 284 do?
Banking, loans and consumer credit transactions, small loans, acquistion charge prohibited on refinances within first six months, deferred presentment transaction, term set at 30 days, total transactions limited-
Who sponsors SB 284?
SB 284 is sponsored by Arthur Orr (R).
What is the current status of SB 284?
This bill died with 2017 Regular Session. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track SB 284?
Track SB 284 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 3 months ago · updated continuously

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