Indiana 2020 Regular Session Status: In Committee Bipartisan · 2 R · 1 D cosponsors

SB 26 — Small loan finance charges.

Last action — Senator Lanane added as coauthor

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  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 2020 Regular Session. It reached “In Committee” 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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.

Summary

Changes the current incremental finance charge limits that apply to a small loan to a maximum annual rate. Prohibits making, or taking other actions with respect to, a small loan with a greater rate or amount of interest, or other fees and charges, than allowed under the statute governing small loans. Prohibits a credit services organization from providing certain functions with respect to a small loan and makes a violation a deceptive act.

Bill Text

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

Read SB 26 on the official Indiana source →

Action History

  1. Senator Lanane added as coauthor

  2. Senator Bohacek added as second author

  3. Senators Ford J.D. and Kruse added as coauthors

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

  5. Authored by Senator Walker

Sponsors

Sponsorship breakdown

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2 sponsors · 3 co-sponsors · 145 not signed on

Sponsors (2)

Co-sponsors (3)

  • Timothy Lanane
  • Dennis Kruse
  • J.D. Ford Democrat

Not signed on (145)

145 members have not signed on to this bill.

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"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 26 do?
Changes the current incremental finance charge limits that apply to a small loan to a maximum annual rate. Prohibits making, or taking other actions with respect to, a small loan with a greater rate or amount of interest, or other fees and charges, than allowed under the statute governing small loans. Prohibits a credit services organization from providing certain functions with respect to a small loan and makes a violation a deceptive act.
Who sponsors SB 26?
SB 26 is sponsored by Timothy Lanane, Dennis Kruse, J.D. Ford (Democrat), Mike Bohacek (Republican), and Greg Walker (Republican).
What is the current status of SB 26?
This bill died with 2020 Regular Session. It reached “In Committee” 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 26?
Track SB 26 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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