Indiana 2020 Regular Session Status: Enacted 1 R cosponsors

SB 395 — Uniform Consumer Credit Code.

Last action — Public Law 85

  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 January 14, 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 76% · moderate confidence

  • Enacted

    Current position in the legislative process.

  • 3 sponsors

    3 primary, 0 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (1 R).

  • Cleared a recorded vote

    Passed 2 recorded votes so far.

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

Summary

Amends the Uniform Consumer Credit Code (UCCC) as follows: (1) Changes: (A) from July 1 of each even-numbered year to January 1 of each odd-numbered year the effective date for the adjustment, based on changes in the Consumer Price Index, of various dollar amounts set forth in the UCCC; and (B) the corresponding date that precedes the adjustment date and by which the department of financial institutions (department) must issue an emergency rule announcing the adjustment. (2) For an agreement for a consumer credit sale entered into after June 30, 2020: (A) authorizes a seller to contract for and receive a nonrefundable prepaid finance charge based on the amount financed, in addition to the credit service charge and any other authorized charges and fees; and (B) prohibits precomputed consumer credit sales. (3) Repeals a provision concerning the credit service charge for revolving charge accounts and relocates the language to the provision concerning the authorized credit service charge for consumer sales. (4) For an agreement for a consumer loan entered into after June 30, 2020: (A) changes the amount of the authorized nonrefundable prepaid finance charge from $50 to an amount that is not more than: (i) $75; (ii) $150; or (iii) $200; based on the amount financed, in the case of a consumer loan not secured by an interest in land; and (B) prohibits precomputed consumer loans. Makes conforming changes with respect to supervised loans. Changes from $1.50 to $3 the amount of the fee that a lessor in a rental purchase agreement may impose for accepting rental payments by telephone. Makes conforming technical amendments throughout the UCCC to reflect the bill's changes.

Bill Text

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

Read SB 395 on the official Indiana source →

Action History

  1. Public Law 85

  2. Signed by the Governor

  3. Signed by the President of the Senate

  4. Signed by the Speaker

  5. Signed by the President Pro Tempore

  6. Rules Suspended. Senate concurred in House amendments; Roll Call 355: yeas 40, nays 7

  7. Motion to concur filed

  8. Dissent rescinded

  9. House advisors appointed: Heaton, Lehman, VanNatter, Chyung and Shackleford

  10. House conferees appointed: Burton and Hamilton

  11. Senate advisors appointed: Ruckelshaus and Ford J.D.

  12. Senate conferees appointed: Bassler and Breaux

  13. Senate dissented from House amendments

  14. Motion to dissent filed

  15. Returned to the Senate with amendments

  16. Third reading: passed; Roll Call 295: yeas 77, nays 17

  17. Second reading: ordered engrossed

  18. Committee report: amend do pass, adopted

  19. First reading: referred to Committee on Financial Institutions

  20. Referred to the House

  21. House sponsor: Representative Burton

  22. Third reading: passed; Roll Call 178: yeas 40, nays 9

  23. Second reading: ordered engrossed

  24. Senator Ruckelshaus added as second author

  25. Committee report: amend do pass, adopted

  26. First reading: referred to Committee on Insurance and Financial Institutions

  27. Authored by Senator Bassler

Sponsors

  • Woody Burton · Primary
  • John Ruckelshaus · Primary
  • Eric Bassler · Primary

Sponsorship breakdown

Export CSV (upgrade) →

3 sponsors · 0 co-sponsors · 147 not signed on · 15 voted No

Sponsors (3)

Co-sponsors (0)

None.

Not signed on (147)

147 members have not signed on to this bill.

Show all 147 →

"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

SB 395 - Burton - 3rd Reading

Passed 77 Yea · 17 Nay · 6 Other
Party YeaNayPresentNot Voting
Republican 34102
Unaffiliated 34404
Democrat 91200
Total 771706
% of votes cast 77%17%0%6%
How each member voted (100)
Member Party Vote
Schaibley — Yea
Austin — Yea
Leonard — Yea
Sherman — Yea
Fleming — Yea
Bacon — Yea
Frye — Yea
Lyness — Yea
Goodin — Yea
Macer — Yea
Stutzman — Yea
Beck — Yea
Goodrich — Yea
Sullivan — Yea
Gutwein — Yea
Torr — Yea
Hatfield — Yea
Miller — Yea
Vermilion — Yea
Cherry — Yea
Wolkins — Yea
Wright — Yea
Cook — Yea
Negele — Yea
Deal — Yea
Nisly — Yea
Zent — Yea
Kirchhofer — Yea
Ziemke — Yea
Eberhart — Yea
Ellington — Yea
Lehe — Yea
Saunders — Yea
Chyung — Nay
Morrison — Nay
Smith, V — Nay
Boy — Nay
Forestal — Not Voting
Speedy — Not Voting
Davisson — Not Voting
Mr. Speaker — Not Voting
Candelaria Reardon — Yea
Alex Burton Democrat Yea
Carey Hamilton Democrat Yea
Carolyn Jackson Democrat Nay
Cherrish Pryor Democrat Nay
Chris Campbell Democrat Nay
Chuck Moseley Democrat Yea
Earl Harris Democrat Nay
Edward DeLaney Democrat Yea
Gregory Porter Democrat Nay
John Bartlett Democrat Nay
Justin Moed Democrat Yea
Matt Pierce Democrat Nay
Maureen Bauer Democrat Nay
Philip GiaQuinta Democrat Yea
Ragen Hatcher Democrat Nay
Robin Shackleford Democrat Nay
Ryan Dvorak Democrat Nay
Sheila Klinker Democrat Yea
Sue Errington Democrat Yea
Tonya Pfaff Democrat Yea
Vanessa Summers Democrat Nay
Beau Baird Republican Yea
Ben Smaltz Republican Yea
Brad Barrett Republican Yea
Bruce Borders Republican Nay
Chris Judy Republican Yea
Chris May Republican Yea
Dale DeVon Republican Yea
Dave Heine Republican Not Voting
David Abbott Republican Yea
Edmond Soliday Republican Yea
Edward Clere Republican Yea
Ethan Manning Republican Yea
Gregory Steuerwald Republican Yea
Heath VanNatter Republican Yea
J.D. Prescott Republican Yea
Jack Jordan Republican Yea
Jeffrey Thompson Republican Yea
Jim Lucas Republican Yea
Jim Pressel Republican Yea
Karen Engleman Republican Yea
Liz Brown Republican Yea
Martin Carbaugh Republican Yea
Matt Hostettler Republican Yea
Matt Lehman Republican Yea
Michael Karickhoff Republican Yea
Michael Young Republican Yea
Mike Aylesworth Republican Yea
Peggy Mayfield Republican Yea
Robert Behning Republican Yea
Robert Heaton Republican Yea
Robert Morris Republican Yea
Ryan Lauer Republican Yea
Shane Lindauer Republican Yea
Steve Bartels Republican Not Voting
Timothy Wesco Republican Yea
Todd Huston Republican Yea
Wendy McNamara Republican Yea

Official roll call →

SB 395 - Bassler - 3rd Reading

Passed 40 Yea · 9 Nay · 1 Other
Party YeaNayPresentNot Voting
Republican 27000
Unaffiliated 12701
Democrat 1200
Total 40901
% of votes cast 80%18%0%2%
How each member voted (50)
Member Party Vote
Grooms — Yea
Perfect — Yea
Crane — Yea
Houchin — Yea
Ruckelshaus — Yea
Boots — Yea
Kruse — Yea
Sandlin — Yea
Ford Jon — Yea
Spartz — Yea
Merritt — Yea
Messmer — Yea
Breaux — Nay
Melton — Nay
Stoops — Nay
Ford J.D. — Nay
Mrvan — Nay
Zay — Nay
Lanane — Nay
Tallian — Not Voting
David Niezgodski Democrat Nay
Greg Taylor Democrat Yea
Lonnie Randolph Democrat Nay
Aaron Freeman Republican Yea
Blake Doriot Republican Yea
Brian Buchanan Republican Yea
Chris Garten Republican Yea
Ed Charbonneau Republican Yea
Eric Bassler Republican Yea
Eric Koch Republican Yea
Greg Walker Republican Yea
James Buck Republican Yea
James Tomes Republican Yea
Jean Leising Republican Yea
Jeff Raatz Republican Yea
Justin Busch Republican Yea
Linda Rogers Republican Yea
Liz Brown Republican Yea
Michael Crider Republican Yea
Michael Young Republican Yea
Mike Bohacek Republican Yea
Mike Gaskill Republican Yea
Rick Niemeyer Republican Yea
Rodric Bray Republican Yea
Ron Alting Republican Yea
Ryan Mishler Republican Yea
Stacey Donato Republican Yea
Susan Glick Republican Yea
Travis Holdman Republican Yea
Vaneta Becker 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

What does SB 395 do?
Amends the Uniform Consumer Credit Code (UCCC) as follows: (1) Changes: (A) from July 1 of each even-numbered year to January 1 of each odd-numbered year the effective date for the adjustment, based on changes in the Consumer Price Index, of various dollar amounts set forth in the UCCC; and (B) the corresponding date that precedes the adjustment date and by which the department of financial institutions (department) must issue an emergency rule announcing the adjustment. (2) For an agreement for a consumer credit sale entered into after June 30, 2020: (A) authorizes a seller to contract for and receive a nonrefundable prepaid finance charge based on the amount financed, in addition to the credit service charge and any other authorized charges and fees; and (B) prohibits precomputed consumer credit sales. (3) Repeals a provision concerning the credit service charge for revolving charge accounts and relocates the language to the provision concerning the authorized credit service charge for consumer sales. (4) For an agreement for a consumer loan entered into after June 30, 2020: (A) changes the amount of the authorized nonrefundable prepaid finance charge from $50 to an amount that is not more than: (i) $75; (ii) $150; or (iii) $200; based on the amount financed, in the case of a consumer loan not secured by an interest in land; and (B) prohibits precomputed consumer loans. Makes conforming changes with respect to supervised loans. Changes from $1.50 to $3 the amount of the fee that a lessor in a rental purchase agreement may impose for accepting rental payments by telephone. Makes conforming technical amendments throughout the UCCC to reflect the bill's changes.
Who sponsors SB 395?
SB 395 is sponsored by Woody Burton, John Ruckelshaus, and Eric Bassler (Republican).
What is the current status of SB 395?
This bill has been enacted into law. Introduced January 14, 2020. Enacted.
Where can I track SB 395?
Track SB 395 free on One Click Politics — get push/email alerts when it moves.

Make your voice heard on SB 395

Find the representatives who decide this bill and tell them where you stand — for yourself, or mobilize your whole list in one click with One Click Politics advocacy software.

Find my representatives → Run a campaign

Stay ahead of SB 395

Last checked for changes 3 months ago · updated continuously

One Click Politics tracks every bill in Congress and all 50 states.

Track this bill →