Alaska 33rd Legislature (2023-2024) Status: Passed House Bipartisan · 6 D · 2 I · 1 R cosponsors

HB 145 — An Act relating to loans in an amount of $25,000 or less; relating to the Nationwide Multistate Licensing System and Registry; relating to deferred deposit advances; and providing for an effective date.

Last action — (S) Minutes (SFIN)

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

This bill died with 33rd Legislature (2023-2024). It reached “Passed House” 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This bill is no longer active — its legislative session has ended, so there are no live odds of enactment. It would have to be reintroduced in the current session to move again.

Bill Text

What changed in the latest version

102 added · 162 removed

Plain-language change summary

The recent changes to House Bill 145 remove references to the Nationwide Multistate Licensing System and Registry, which was previously included in the bill's description. This adjustment simplifies the legislation by focusing solely on loans of $25,000 or less and deferred deposit advances. Eliminating the multistate licensing system may streamline the regulatory process for state financial institutions, making it easier for them to compete with federally chartered institutions. This change matters because it could potentially reduce regulatory burdens on local lenders while still promoting fair competition in the financial sector.

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33-LS0508\R CS FOR HOUSE BILL NO.
33-LS0508\S HOUSE BILL NO.
145(L&C) IN THE LEGISLATURE OF THE STATE OF ALASKA THIRTY-THIRD LEGISLATURE - FIRST SESSION BY THE HOUSE LABOR AND COMMERCE COMMITTEE Referred:
145 IN THE LEGISLATURE OF THE STATE OF ALASKA THIRTY-THIRD LEGISLATURE - FIRST SESSION BY REPRESENTATIVES WRIGHT, Groh, Mina, Tomaszewski, Himschoot, Armstrong, McCormick, Mears, Gray, Galvin, Story, Josephson, Fields Introduced:
Finance Sponsor(s):
3/29/23 Referred:
REPRESENTATIVES WRIGHT, Groh, Mina, Tomaszewski, Himschoot, Armstrong, McCormick, Mears, Gray, Galvin, Story, Josephson, Fields A BILL FOR AN ACT ENTITLED "An Act relating to loans in an amount of $25,000 or less;
Labor and Commerce, Finance A BILL FOR AN ACT ENTITLED "An Act relating to loans in an amount of $25,000 or less;
relating to the Nationwide Multistate Licensing System and Registry;
and (2) equalizes and maintains the quality of competition between state HB0145b -1- CSHB 145(L&C) New Text Underlined [DELETED TEXT BRACKETED] 33-LS0508\R financial institutions and federally chartered financial institutions.
and (2) equalizes and maintains the quality of competition between state financial institutions and federally chartered financial institutions.
* Sec.
HB0145a -1- HB 145 New Text Underlined [DELETED TEXT BRACKETED] 33-LS0508\S * Sec.
AS 06.20.010 is amended by adding new subsections to read:
AS 06.20.010 is amended by adding a new subsection to read:
(d) For the purposes of this chapter, a loan or transaction takes place in the state if the borrower is a resident of the state and the borrower completes the transaction, either in person or electronically, while physically present in the state.
AS 06.20 is amended by adding a new section to read:
Sec.
06.20.025.
National registry.
The department may (1) participate in the registry and pay any fees required for participation in the registry;
(2) establish by regulation a process for licensees under this chapter to challenge information entered into the registry by the dent;tme CSHB 145(L&C) -2- HB0145b New Text Underlined [DELETED TEXT BRACKETED] 33-LS0508\R (3) contract with entities designated by the registry to collect and maintain records or process fees;
(4) adopt regulations to require a licensee to register with the registry and submit applications, renewal applications, surety bonds, reports, and other information and forms to the registry;
(5) adopt other regulations under AS 44.62 (Administrative Procedure Act) to implement this section;
(6) request other information the department reasonably requires from an applicant.
* Sec.
5.
AS 06.20.030(a) is amended to read:
(a) Investigation expenses incurred by the department in processing an application for licensure shall be charged to and paid by the applicant under AS 06.01.010.
At the time of submitting the application to the commissioner, the applicant shall pay to the department or through the registry $1,000 in partial payment of those investigation expenses incurred by the department.
* Sec.
6.
AS 06.20.030(b) is amended to read:
(b) An applicant shall pay to the department or through the registry at the time of submitting an application a sum, in addition to that specified in (a) of this section, of $500 for each location of a branch, Internet website, or mobile application [A SINGLE OFFICE LICENSE,] or $2,000 for a company [MULTIPLE OFFICE] license as an annual license fee for a period terminating on the last day of the current calendar year.
* Sec.
7.
AS 06.20.090 is repealed and reenacted to read:
Sec.
06.20.090.
Places of business.
(a) To apply for a license under this chapter, an applicant or person must submit a separate application to the department or through the registry for each location, including a branch, Internet website, or mobile application, through which the applicant or person conducts business.
(b) The department may establish by regulation information that must be submitted by an applicant and licensee, the procedures for determining acceptable criteria for approvals and denials, procedures for paying the fees in the registry, and the effective period of a license.
HB0145b -3- CSHB 145(L&C) New Text Underlined [DELETED TEXT BRACKETED] 33-LS0508\R * Sec.
8.
AS 06.20.170 is amended to read:
Sec.
06.20.170.
Show all 69 changed rows (29 more)
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Periodic examination.
The department shall examine the affairs, business, office, and records of each licensee as often as necessary to carry out the purposes of this chapter [AT LEAST ONCE EVERY 18 MONTHS].
Examination fees are to be charged to and paid by the licensee in accordance with AS 06.01.010.
The department may maintain an action for the recovery of the costs in any court of competent jurisdiction, with recourse to the bonds referred to in AS 06.20.050 and 06.20.080.
* Sec.
9.
(b) Notwithstanding the provisions of (a) of this section, a licensee who makes open-end loans under this chapter may charge, contract for, and receive interest at a rate not exceeding three percent a month on that part of the unpaid principal balance of a loan not in excess of [$850;
(b) Notwithstanding the provisions of (a) of this section, a licensee who makes HB 145 -2- HB0145a New Text Underlined [DELETED TEXT BRACKETED] 33-LS0508\S open-end loans under this chapter may charge, contract for, and receive interest at a rate not exceeding three percent a month on that part of the unpaid principal balance of a loan not in excess of [$850;
10.
5.
CSHB 145(L&C) -4- HB0145b New Text Underlined [DELETED TEXT BRACKETED] 33-LS0508\R Sec.
Sec.
11.
6.
AS 06.20 is amended by adding a new section to read:
Sec.
06.20.325.
Criminal threats.
A licensee under this chapter may not threaten a borrower with criminal prosecution as a result of the borrower's default.
* Sec.
12.
AS 06.20.900 is amended by adding a new paragraph to read:
(4) "registry" means the Nationwide Multistate Licensing System and Registry.
* Sec.
13.
14.
7.
(b) Interest under AS 45.45.010 - 45.45.070 shall be computed by including all service charges paid by the borrower, debtor, or mortgagor.
(b) Interest under AS 45.45.010 - 45.45.070 shall be computed by including HB0145a -3- HB 145 New Text Underlined [DELETED TEXT BRACKETED] 33-LS0508\S all service charges paid by the borrower, debtor, or mortgagor.
15.
8.
AS 06.20.030(c), 06.20.330;
AS 06.20.330;
AS 06.50.010, 06.50.020, HB0145b -5- CSHB 145(L&C) New Text Underlined [DELETED TEXT BRACKETED] 33-LS0508\R 06.50.030, 06.50.040, 06.50.050, 06.50.060, 06.50.070, 06.50.080, 06.50.090, 06.50.200, 06.50.210, 06.50.220, 06.50.230, 06.50.300, 06.50.310, 06.50.320, 06.50.330, 06.50.400, 06.50.410, 06.50.420, 06.50.430, 06.50.440, 06.50.450, 06.50.460, 06.50.470, 06.50.480, 06.50.490, 06.50.500, 06.50.510, 06.50.520, 06.50.530, 06.50.540, 06.50.550, 06.50.560, 06.50.600, 06.50.610, 06.50.900;
AS 06.50.010, 06.50.020, 06.50.030, 06.50.040, 06.50.050, 06.50.060, 06.50.070, 06.50.080, 06.50.090, 06.50.200, 06.50.210, 06.50.220, 06.50.230, 06.50.300, 06.50.310, 06.50.320, 06.50.330, 06.50.400, 06.50.410, 06.50.420, 06.50.430, 06.50.440, 06.50.450, 06.50.460, 06.50.470, 06.50.480, 06.50.490, 06.50.500, 06.50.510, 06.50.520, 06.50.530, 06.50.540, 06.50.550, 06.50.560, 06.50.600, 06.50.610, 06.50.900;
16.
9.
This Act takes effect July 1, 2024.
This Act takes effect immediately under AS 01.10.070(c).
CSHB 145(L&C) -6- HB0145b New Text Underlined [DELETED TEXT BRACKETED]
HB 145 -4- HB0145a New Text Underlined [DELETED TEXT BRACKETED]
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Action History

  1. (S) Minutes (SFIN)

  2. (S) <Bill Hearing Canceled> -- Recessed to 3 PM --

  3. (S) FINANCE at 10:00 AM SENATE FINANCE 532

  4. (S) REFERRED TO FINANCE

  5. (S) FIN

  6. (S) READ THE FIRST TIME - REFERRALS

  7. (H) VERSION: CSHB 145(FIN)

  8. (H) TRANSMITTED TO (S)

  9. (H) EFFECTIVE DATE(S) SAME AS PASSAGE

  10. (H) PASSED Y37 N2 A1

  11. (H) AUTOMATICALLY IN THIRD READING

  12. (H) FIN CS ADOPTED Y38 N1 A1

  13. (H) RESCIND ACTION (ADOPTING) CS L&C PASSED Y38 N1 A1

  14. (H) RETURN TO SECOND TO RESCIND CS L&C PASSED Y37 N2 A1

  15. (H) READ THE THIRD TIME CSHB 145(L&C)

  16. (H) RULES TO CALENDAR 5/8/2024

  17. (H) FN2: (CED)

  18. (H) FOSTER

  19. (H) DP: STAPP, GALVIN, JOSEPHSON, ORTIZ, CRONK, COULOMBE, TOMASZEWSKI, D.JOHNSON,

  20. (H) FIN RPT CS(FIN) 9DP

  21. (H) Minutes (HFIN)

  22. (H) Moved CSHB 145(FIN) Out of Committee -- Delayed to 1:00 p.m. Today --

  23. (H) FINANCE at 10:00 AM ADAMS 519

  24. (H) Minutes (HFIN)

  25. (H) Heard & Held -- Please Note Time Change --

  26. (H) FINANCE at 09:00 AM ADAMS 519

  27. (H) Minutes (HFIN)

  28. (H) Heard & Held -- Please Note Time Change --

  29. (H) FINANCE at 08:30 AM ADAMS 519

  30. (H) COSPONSOR(S): GRAY, GALVIN, STORY, JOSEPHSON, FIELDS

  31. (H) RETURNED TO FIN COMMITTEE

  32. (H) ADVANCED TO THIRD READING 5/14 CALENDAR

  33. (H) AM NO 1 FAILED Y11 N29

  34. (H) L&C CS ADOPTED UC

  35. (H) READ THE SECOND TIME

  36. (H) RULES TO CALENDAR 5/13/2023

  37. (H) FIN REFERRAL REMOVED

  38. (H) COSPONSOR(S): MCCORMICK, MEARS

  39. (H) FN1: (CED)

  40. (H) NR: RUFFRIDGE

  41. (H) DNP: PRAX, SUMNER

  42. (H) DP: SADDLER, WRIGHT, CARRICK

  43. (H) L&C RPT CS(L&C) NEW TITLE 3DP 2DNP 1NR

  44. (H) Minutes (HL&C)

  45. (H) LABOR & COMMERCE at 03:15 PM BARNES 124

  46. (H) Minutes (HL&C)

  47. (H) Heard & Held

  48. (H) LABOR & COMMERCE at 03:15 PM BARNES 124

  49. (H) Minutes (HL&C)

  50. (H) <Bill Hearing Rescheduled to 05/05/23>

  51. (H) LABOR & COMMERCE at 03:15 PM BARNES 124

  52. (H) COSPONSOR(S): HIMSCHOOT, ARMSTRONG

  53. (H) Minutes (HL&C)

  54. (H) Heard & Held

  55. (H) LABOR & COMMERCE at 03:15 PM BARNES 124

  56. (H) -- Public Testimony <Two Minute Time Limit> -- -- MEETING CANCELED --

  57. (H) LABOR & COMMERCE at 03:15 PM BARNES 124

  58. (H) COSPONSOR(S): TOMASZEWSKI

  59. (H) Minutes (HL&C)

  60. (H) Heard & Held

  61. (H) LABOR & COMMERCE at 03:15 PM BARNES 124

  62. (H) COSPONSOR(S): MINA

  63. (H) FIN REFERRAL ADDED AFTER L&C

  64. (H) COSPONSOR(S): GROH

  65. (H) L&C

  66. (H) READ THE FIRST TIME - REFERRALS

Sponsors

Sponsorship breakdown

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1 sponsors · 12 co-sponsors · 52 not signed on

Sponsors (1)

  • Wright

Co-sponsors (12)

Not signed on (52)

52 members have not signed on to this bill.

Show all 52 →

"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

Subjects

finance
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Frequently asked questions

Who sponsors HB 145?
HB 145 is sponsored by Zack Fields (D), Andy Josephson (D), Andi Story (D), Alyse Galvin (N), Andrew Gray (D), Donna Mears (D), Mccormick, Armstrong, Rebecca Himschoot (N), Frank Tomaszewski (R), Genevieve Mina (D), Groh, and Wright.
What is the current status of HB 145?
This bill died with 33rd Legislature (2023-2024). It reached “Passed House” 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 HB 145?
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