Indiana 2021 Regular Session Status: Enacted Bipartisan · 3 R · 1 D cosponsors

SB 346 — Financial institutions and consumer credit.

Last action — Signed by the Governor

  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 11, 2021. Enacted.

Odds of enactment

High chance

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

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

Prognosis

Likely to advance 94% · high confidence

  • Enacted

    Current position in the legislative process.

  • 4 sponsors

    4 primary, 0 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (3 R · 1 D) — cross-party backing.

  • Cleared a recorded vote

    Passed 1 recorded vote 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

For purposes of the statutes governing: (1) first lien mortgage transactions; (2) the Uniform Consumer Credit Code; and (3) financial institutions; changes references to federal laws within those statutes from federal laws as in effect on December 31, 2019, to federal laws as in effect on December 31, 2020. Amends the statute concerning loans made by a credit union to the credit union's members to eliminate certain requirements with respect to loans secured by real estate. Amends the definition of "check" for purposes of the statute governing licensed cashers of checks to remove a reference to a "personal money order".

Bill Text

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

Read SB 346 on the official Indiana source →

Action History

  1. Signed by the Governor

  2. Public Law 54

  3. Signed by the President of the Senate

  4. Signed by the Speaker

  5. Signed by the President Pro Tempore

  6. Returned to the Senate without amendments

  7. Third reading: passed; Roll Call 316: yeas 93, nays 0

  8. Second reading: ordered engrossed

  9. Committee report: do pass, adopted

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

  11. Referred to the House

  12. Third reading: passed; Roll Call 90: yeas 47, nays 0

  13. Senator Raatz added as second author

  14. House sponsor: Representative Carbaugh

  15. Second reading: ordered engrossed

  16. Committee report: do pass, adopted

  17. Senator Randolph added as third author

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

  19. Authored by Senator Bassler

Sponsors

Sponsorship breakdown

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4 sponsors · 0 co-sponsors · 146 not signed on

Sponsors (4)

Co-sponsors (0)

None.

Not signed on (146)

146 members have not signed on to this bill.

Show all 146 →

"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 346 - Carbaugh - 3rd Reading

Passed 93 Yea · 0 Nay · 6 Other
Party YeaNayPresentNot Voting
Republican 42002
Unaffiliated 29002
Democrat 22002
Total 93006
% of votes cast 94%0%0%6%
How each member voted (99)
Member Party Vote
Lehe — Yea
Saunders — Yea
Austin — Yea
Fleming — Yea
Leonard — Yea
Schaibley — Yea
Frye — Yea
Lyness — Yea
Goodrich — Yea
Smith, V — Yea
Gutwein — Yea
Miller — Yea
Speedy — Yea
Hatfield — Yea
Boy — Yea
Morrison — Yea
Negele — Yea
Jacob — Yea
Nisly — Yea
Torr — Yea
Cherry — Yea
Vermilion — Yea
Cook — Yea
Zent — Yea
Ziemke — Yea
Eberhart — Yea
Ellington — Yea
Davisson — Not Voting
Mr. Speaker — Not Voting
Brown, T — Yea
Young, J — Yea
Blake Johnson Democrat Yea
Carey Hamilton Democrat Yea
Carolyn Jackson Democrat Yea
Cherrish Pryor Democrat Yea
Chris Campbell Democrat Yea
Chuck Moseley Democrat Not Voting
Earl Harris Democrat Not Voting
Edward DeLaney Democrat Yea
Gregory Porter Democrat Yea
John Bartlett Democrat Yea
Justin Moed Democrat Yea
Matt Pierce Democrat Yea
Maureen Bauer Democrat Yea
Mike Andrade Democrat Yea
Mitch Gore Democrat Yea
Philip GiaQuinta Democrat Yea
Ragen Hatcher Democrat Yea
Renee Pack Democrat Yea
Robin Shackleford Democrat Yea
Ryan Dvorak Democrat Yea
Sheila Klinker Democrat Yea
Sue Errington Democrat Yea
Tonya Pfaff Democrat Yea
Vanessa Summers Democrat Yea
Beau Baird Republican Yea
Ben Smaltz Republican Yea
Brad Barrett Republican Yea
Bruce Borders Republican Yea
Chris Jeter Republican Yea
Chris Judy Republican Yea
Chris May Republican Yea
Cindy Ledbetter Republican Yea
Craig Snow Republican Yea
Dale DeVon Republican Yea
Dave Heine Republican Yea
David Abbott Republican Yea
Edmond Soliday Republican Yea
Edward Clere Republican Yea
Elizabeth Rowray Republican Yea
Ethan Manning Republican Yea
Gregory Steuerwald Republican Yea
Harold Slager Republican Yea
Heath VanNatter Republican Yea
J.D. Prescott Republican Yea
Jack Jordan Republican Yea
Jake Teshka Republican Yea
Jeffrey Thompson Republican Yea
Jim Lucas Republican Not Voting
Jim Pressel Republican Yea
Joanna King Republican Yea
Julie Olthoff Republican Yea
Karen Engleman Republican Yea
Martin Carbaugh Republican Yea
Matt Hostettler Republican Not Voting
Matt Lehman Republican Yea
Michael Karickhoff Republican Yea
Michelle Davis 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 Yea
Timothy Wesco Republican Yea
Wendy McNamara Republican Yea
Zach Payne 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 346 do?
For purposes of the statutes governing: (1) first lien mortgage transactions; (2) the Uniform Consumer Credit Code; and (3) financial institutions; changes references to federal laws within those statutes from federal laws as in effect on December 31, 2019, to federal laws as in effect on December 31, 2020. Amends the statute concerning loans made by a credit union to the credit union's members to eliminate certain requirements with respect to loans secured by real estate. Amends the definition of "check" for purposes of the statute governing licensed cashers of checks to remove a reference to a "personal money order".
Who sponsors SB 346?
SB 346 is sponsored by Eric Bassler (Republican), Jeff Raatz (Republican), Lonnie Randolph (Democrat), and Martin Carbaugh (Republican).
What is the current status of SB 346?
This bill has been enacted into law. Introduced January 11, 2021. Enacted.
Where can I track SB 346?
Track SB 346 free on One Click Politics — get push/email alerts when it moves.

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