Indiana 2021 Regular Session Status: Enacted Bipartisan · 4 R · 1 D cosponsors

HB 1462 — Secretary of state securities division matters.

Last action — Public Law 205

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

This bill has been enacted into law. Introduced January 14, 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 98% · high confidence

  • Enacted

    Current position in the legislative process.

  • 7 sponsors

    3 primary, 4 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (4 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

Allows the Indiana securities commissioner to request additional information for determining whether a franchise offer or sale is exempt from registration requirements. Provides that a continuing care retirement community's annual disclosure statement must be filed not later than 12 months following the end of its fiscal year. Provides that an individual may not engage in loan processing activities unless certain requirements have been met. Provides that a registered mortgage loan originator is not required to obtain a license under the law governing loan brokers. Provides that the securities division may discipline an individual who fails to comply with disclosure requirements. Amends the law on the licensing of collection agencies by adding a definition of "branch office" and providing that it is unlawful to operate a branch office without meeting certain requirements or to fail to comply with certain disclosure requirements.

Bill Text

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

Read HB 1462 on the official Indiana source →

Action History

  1. Public Law 205

  2. Signed by the Governor

  3. Signed by the President of the Senate

  4. Signed by the President Pro Tempore

  5. Signed by the Speaker

  6. Returned to the House without amendments

  7. Senator Randolph added as cosponsor

  8. Senator Sandlin added as second sponsor

  9. Third reading: passed; Roll Call 369: yeas 47, nays 0

  10. Second reading: ordered engrossed

  11. Committee report: do pass, adopted

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

  13. Referred to the Senate

  14. Senate sponsor: Senator Holdman

  15. Third reading: passed; Roll Call 29: yeas 94, nays 2

  16. Second reading: ordered engrossed

  17. Committee report: do pass, adopted

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

  19. Authored by Representative Heaton

  20. Coauthored by Representatives Carbaugh, Schaibley, Mayfield

Sponsors

Sponsorship breakdown

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

Sponsors (3)

Co-sponsors (4)

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

Votes

HB 1462 - Holdman - 3rd Reading

Passed 47 Yea · 0 Nay · 3 Other
Party YeaNayPresentNot Voting
Republican 23002
Unaffiliated 19001
Democrat 5000
Total 47003
% of votes cast 94%0%0%6%
How each member voted (50)
Member Party Vote
Kruse — Yea
Lanane — Yea
Sandlin — Yea
Ford J.D. — Yea
Melton — Yea
Tallian — Yea
Boots — Yea
Messmer — Yea
Breaux — Yea
Mrvan — Yea
Walker G — Yea
Brown — Yea
Walker K — Yea
Grooms — Yea
Perfect — Yea
Young — Yea
Zay — Yea
Crane — Yea
Houchin — Not Voting
Ford Jon — Yea
David Niezgodski Democrat Yea
Fady Qaddoura Democrat Yea
Greg Taylor Democrat Yea
Lonnie Randolph Democrat Yea
Shelli Yoder Democrat Yea
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
James Buck Republican Yea
James Tomes Republican Yea
Jean Leising Republican Yea
Jeff Raatz Republican Yea
Justin Busch Republican Not Voting
Linda Rogers Republican Yea
Michael Crider Republican Yea
Mike Bohacek Republican Not Voting
Mike Gaskill Republican Yea
Rick Niemeyer Republican Yea
Rodric Bray Republican Yea
Ron Alting Republican Yea
Ryan Mishler Republican Yea
Scott Baldwin 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 HB 1462 do?
Allows the Indiana securities commissioner to request additional information for determining whether a franchise offer or sale is exempt from registration requirements. Provides that a continuing care retirement community's annual disclosure statement must be filed not later than 12 months following the end of its fiscal year. Provides that an individual may not engage in loan processing activities unless certain requirements have been met. Provides that a registered mortgage loan originator is not required to obtain a license under the law governing loan brokers. Provides that the securities division may discipline an individual who fails to comply with disclosure requirements. Amends the law on the licensing of collection agencies by adding a definition of "branch office" and providing that it is unlawful to operate a branch office without meeting certain requirements or to fail to comply with certain disclosure requirements.
Who sponsors HB 1462?
HB 1462 is sponsored by Robert Heaton (Republican), Martin Carbaugh (Republican), Donna Schaibley, Peggy Mayfield (Republican), Travis Holdman (Republican), Jack Sandlin, and Lonnie Randolph (Democrat).
What is the current status of HB 1462?
This bill has been enacted into law. Introduced January 14, 2021. Enacted.
Where can I track HB 1462?
Track HB 1462 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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