Who sponsors HB 1353?

HB 1353 is sponsored by J.D. Ford (Democrat), Andy Zay, Eric Bassler (Republican), Robert Heaton (Republican), Carey Hamilton (Democrat), Chris Chyung, and Alex Burton (Democrat).

Where can I track HB 1353?

Track HB 1353 free on One Click Politics — get push/email alerts when it moves.

Indiana 2020 Regular Session Status: Enacted Bipartisan · 3 D · 2 R cosponsors

HB 1353 — Financial institutions and consumer credit.

Last action March 30, 2020 — Public Law 129

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Introduced
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In Committee
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Passed House
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Passed Senate
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To Executive
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Enacted

This bill has been enacted into law. Introduced January 15, 2020. Enacted.

Odds of enactment

High chance

Based on the sponsor, cosponsors, and committee posture, this bill has a high chance of becoming law.

Upgrade to see the exact probability and what's driving it.

A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Likely to advance 78% · moderate confidence

Enacted

Current position in the legislative process.
7 sponsors

3 primary, 4 co-sponsors signed on.
Bipartisan support

Sponsored across 2 parties (3 D · 2 R) — cross-party backing.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Summary

Makes various changes to the statutes concerning: (1) first lien mortgage lenders; (2) persons licensed under the Uniform Consumer Credit Code (UCCC); (3) civil proceeding advance payment providers; (4) debt management companies; (5) banks; (6) credit unions; (7) pawnbrokers; (8) money transmitters; and (9) licensed cashers of checks. Repeals a provision in the statute governing credit unions that concerns loans made by a credit union to the credit union's individual directors and committee members. Amends a provision in the statute governing credit unions that concerns loans made by a credit union to the credit union's individual officers to: (1) include extensions of credit made to the credit union's individual directors and supervisory committee members (and to the immediate family members and related interests of the credit union's individual directors and supervisory committee members); and (2) specify that such extensions of credit shall be made in accordance with Regulation O of the Board of Governors of the Federal Reserve System. Provides that an appraisal required in connection with a real estate mortgage loan to a credit union member must be: (1) a written appraisal; or (2) a written estimate of market value; consistent with the appraisal standards and transaction value limitations set forth in the appraisal regulations of the National Credit Union Administration.

Bill Text

We don't have the full text on file for this bill yet.

Read HB 1353 on the official Indiana source →

Action History

March 30, 2020
Public Law 129
March 18, 2020
Signed by the Governor
March 18, 2020
Signed by the President of the Senate
March 12, 2020
Signed by the President Pro Tempore
March 10, 2020
House concurred in Senate amendments; Roll Call 346: yeas 92, nays 0
March 10, 2020
Signed by the Speaker
March 09, 2020
Motion to concur filed
March 05, 2020
Senate advisors appointed: Zay and Breaux
March 05, 2020
Senate conferees appointed: Bassler and Ford J.D.
March 05, 2020
Motion to dissent filed
March 04, 2020
Returned to the House with amendments
March 03, 2020
Third reading: passed; Roll Call 315: yeas 48, nays 0
March 02, 2020
Second reading: ordered engrossed
February 27, 2020
Committee report: amend do pass, adopted
February 17, 2020
Senator Ford J.D. added as cosponsor
February 17, 2020
Senator Zay added as second sponsor
February 17, 2020
First reading: referred to Committee on Insurance and Financial Institutions
February 04, 2020
Referred to the Senate
February 03, 2020
Third reading: passed; Roll Call 167: yeas 92, nays 0
February 03, 2020
Senate sponsor: Senator Bassler
January 30, 2020
Representatives Hamilton and Heaton added as coauthors
January 30, 2020
Second reading: ordered engrossed
January 29, 2020
Representative Chyung added as coauthor
January 28, 2020
Committee report: amend do pass, adopted
January 15, 2020
First reading: referred to Committee on Financial Institutions
January 15, 2020
Authored by Representative Burton

Sponsorship breakdown

Export CSV (upgrade) →

3 sponsors · 4 co-sponsors · 143 not signed on

Sponsors (3)

Andy Zay
Eric Bassler Republican
Alex Burton Democrat

Co-sponsors (4)

J.D. Ford Democrat
Robert Heaton Republican
Carey Hamilton Democrat
Chris Chyung

Not signed on (143)

143 members have not signed on to this bill.

Show all 143 →

"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 housing

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 HB 1353 do?: Makes various changes to the statutes concerning: (1) first lien mortgage lenders; (2) persons licensed under the Uniform Consumer Credit Code (UCCC); (3) civil proceeding advance payment providers; (4) debt management companies; (5) banks; (6) credit unions; (7) pawnbrokers; (8) money transmitters; and (9) licensed cashers of checks. Repeals a provision in the statute governing credit unions that concerns loans made by a credit union to the credit union's individual directors and committee members. Amends a provision in the statute governing credit unions that concerns loans made by a credit union to the credit union's individual officers to: (1) include extensions of credit made to the credit union's individual directors and supervisory committee members (and to the immediate family members and related interests of the credit union's individual directors and supervisory committee members); and (2) specify that such extensions of credit shall be made in accordance with Regulation O of the Board of Governors of the Federal Reserve System. Provides that an appraisal required in connection with a real estate mortgage loan to a credit union member must be: (1) a written appraisal; or (2) a written estimate of market value; consistent with the appraisal standards and transaction value limitations set forth in the appraisal regulations of the National Credit Union Administration.
Who sponsors HB 1353?: HB 1353 is sponsored by J.D. Ford (Democrat), Andy Zay, Eric Bassler (Republican), Robert Heaton (Republican), Carey Hamilton (Democrat), Chris Chyung, and Alex Burton (Democrat).
What is the current status of HB 1353?: This bill has been enacted into law. Introduced January 15, 2020. Enacted.
Where can I track HB 1353?: Track HB 1353 free on One Click Politics — get push/email alerts when it moves.

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At a glance

Identifier: HB 1353
Jurisdiction: Indiana
Session: 2020 Regular Session
Type: Bill
Introduced: January 15, 2020
Status: Enacted
Prime sponsor: Andy Zay

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Last checked for changes 3 months ago · updated continuously

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