Credit life insurance; disclosure requirement. (HB77)
Introduced By
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Credit life insurance disclosures. Requires that a debtor, when buying a credit life insurance policy purchased in conjunction with a closed end loan, shall be provided with a notice of his right to a refund if the insurance is terminated prior to its scheduled maturity or the insured indebtedness is terminated or paid off early. The same disclosure requirement currently exists for insurance contracts on a debtor paid by a single premium. Read the Bill »
Outcome
Bill Has Passed
History
Date | Action |
---|---|
12/30/2009 | Committee |
12/30/2009 | Prefiled and ordered printed; offered 01/13/10 10102631D |
12/30/2009 | Referred to Committee on Commerce and Labor |
01/28/2010 | Reported from Commerce and Labor with substitute (22-Y 0-N) (see vote tally) |
01/28/2010 | Committee substitute printed 10104296D-H1 |
02/01/2010 | Impact statement from SCC (HB77) |
02/01/2010 | Read first time |
02/02/2010 | Read second time |
02/02/2010 | Committee substitute agreed to 10104296D-H1 |
02/02/2010 | Engrossed by House - committee substitute HB77H1 |
02/03/2010 | Read third time and passed House BLOCK VOTE(98-Y 0-N) |
02/03/2010 | Read third time and passed House BLOCK VOTE (98-Y 0-N) |
02/03/2010 | VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally) |
02/04/2010 | Constitutional reading dispensed |
02/04/2010 | Referred to Committee on Commerce and Labor |
02/21/2010 | Impact statement from SCC (HB77H1) |
02/22/2010 | Reported from Commerce and Labor (14-Y 0-N) (see vote tally) |
02/24/2010 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
02/25/2010 | Read third time |
02/25/2010 | Passed Senate (40-Y 0-N) (see vote tally) |
03/03/2010 | Enrolled |
03/03/2010 | Bill text as passed House and Senate (HB77ER) |
03/03/2010 | Signed by Speaker |
03/04/2010 | Impact statement from SCC (HB77ER) |
03/06/2010 | Signed by President |
04/07/2010 | G Approved by Governor-Chapter 211 (effective 7/1/10) |
04/07/2010 | G Acts of Assembly Chapter text (CHAP0211) |