Nevada 2017 Regular Session Status: Enacted 1 D cosponsors

AB 255 — Provides that provisions governing certain short-term loans and installment loans do not apply to certain extensions of credit. (BDR 52-921)

Last action — Approved by the Governor. Chapter 168.

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

This bill has been enacted into law. Introduced March 03, 2017. Enacted.

Prognosis

Advancing 54% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 2 sponsors

    2 primary, 0 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (1 D).

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Bill Text

What changed in the latest version

115 added · 134 removed

115 line(s) added, 134 removed.

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Latest
(Reprinted with amendments adopted on May 16, 2017) SECOND REPRINT A.B.
Assembly Bill No.
255 A SSEMBLY BILL NO .
255–Assemblyman Hambrick Joint Sponsor:
255–ASSEMBLYMAN HAMBRICK M ARCH 3, 2017 ____________ JOINT SPONSOR :
Senator Cannizzaro CHAPTER..........
ENATOR C ANNIZZARO ____________ Referred to Committee on Commerce and Labor SUMMARY—Provides that provisions governing certain short- term loans and installment loans do not apply to certain extensions of credit.
(BDR 52-921) FISCAL NOTE:
Effect on Local Government:
No.
Effect on the State:
No.
~ EXPLANATION – Matter in bolded italics is new;
matter between brackets [omitted material] is material to be omitted.
providing that provisions governing the licensing and regulation of certain short- term loans and installment loans do not apply to the extension of credit to any person who is not a resident of this State for any business, commercial or agricultural purpose that is located outside of this State;
providing that provisions governing the licensing and regulation of certain short-term loans and installment loans do not apply to the extension of credit to any person who is not a resident of this State for any business, commercial or agricultural purpose that is located outside of this State;
Existing law establishes standards and procedures for the licensing and regulations of certain short-term loans, commonly referred to as “payday loans,” high-interest loans and title loans.
Existing law establishes standards and procedures for the licensing and high-interest loans and title loans.
(Chapter 604A of NRS) regulations of loans repayable in installments, which include loans that may or may not be made on substantial security and loans for indefinite terms.
(Chapter 604A of NRS) to as “payday loans,” Existing law sets forth the standards and procedures for the licensing and regulations of loans repayable in installments, which include loans that may or may not be made on substantial security and loans for indefinite terms.
(Chapter 675 of NRS) This bill provides that these provisions do not apply to a person who exclusively extends credit to any person who is not a resident of this State for any business, commercial or agricultural purpose that is located outside of this State.
(Chapter 675 of NRS) This bill provides that these provisions do not apply to a person who business, commercial or agricultural purpose that is located outside of this State.y EXPLANATION – Matter in bolded italics is new;
matter between brackets [omitted material] is material to be omitted.
Section 1.
Sections 1-3.
2.
(Deleted by amendment.) - *AB255_R2* – 2 – Sec.
3.
(Deleted by amendment.) Sec.
and (b) Does not hold himself or herself out as a check-cashing service.
and - 79th Session (2017) – 2 – (b) Does not hold himself or herself out as a check-cashing service.
4.
pursuant to chapter 463 of NRS while performing any act in theed course of that licensed operation.
A person who holds a nonrestricted gaming license issued pursuant to chapter 463 of NRS while performing any act in the course of that licensed operation.
- *AB255_R2* – 3 – (b) Approved by the Federal National Mortgage Association as a seller or servicer;
a seller or servicer;
and (c) Approved by the Department of Housing and Urban Development and the Department of Veterans Affairs.
andderal National Mortgage Association as (c) Approved by the Department of Housing and Urban Development and the Department of Veterans Affairs.
Sec.
- 79th Session (2017) – 3 – Sec.
A person who provides money for investment in loans secured by a lien on real property, on his or her own account.
A person who provides money for investment in loans sec8.ed A seller of real property who offers credit secured by a mortgage of the property sold.
8.
9.
A seller of real property who offers credit secured by a mortgage of the property sold.
- *AB255_R2* – 4 – 9.
H - *AB255_R2*
~~~~~ 17 - 79th Session (2017)
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Action History

  1. Approved by the Governor. Chapter 168.

  2. Enrolled and delivered to Governor.

  3. Senate Amendment No. 737 concurred in. To enrollment.

  4. In Assembly.

  5. Read third time. Passed, as amended. Title approved. (Yeas: 21, Nays: None.) To Assembly.

  6. From printer. To re-engrossment. Re-engrossed. Second reprint .

  7. Read second time. Amended. (Amend. No. 737.) To printer.

  8. Placed on Second Reading File.

  9. From committee: Amend, and do pass as amended.

  10. Read first time. Referred to Committee on Commerce, Labor and Energy. To committee.

  11. In Senate.

  12. Read third time. Passed, as amended. Title approved, as amended. (Yeas: 42, Nays: None.) To Senate.

  13. Taken from General File. Placed on General File for next legislative day.

  14. Taken from General File. Placed on General File for next legislative day.

  15. From printer. To engrossment. Engrossed. First reprint .

  16. Read second time. Amended. (Amend. No. 550.) To printer.

  17. Placed on Second Reading File.

  18. From committee: Amend, and do pass as amended.

  19. From printer. To committee.

  20. Read first time. Referred to Committee on Commerce and Labor. To printer.

Sponsors

Sponsorship breakdown

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2 sponsors · 0 co-sponsors · 65 not signed on

Sponsors (2)

Co-sponsors (0)

None.

Not signed on (65)

65 members have not signed on to this bill.

Show all 65 →

"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

Who sponsors AB 255?
AB 255 is sponsored by Cannizzaro, Nicole J. (Democratic) and John Hambrick.
What is the current status of AB 255?
This bill has been enacted into law. Introduced March 03, 2017. Enacted.
Where can I track AB 255?
Track AB 255 free on One Click Politics — get push/email alerts when it moves.

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