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SENATE BILL 1314


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S1314  by COMMERCE AND HUMAN RESOURCES COMMITTEE

PAYDAY LOANS - Amends and adds to existing law to provide that a payday lender shall not make more than two electronic representations of a borrower's check; to provide that a payday loan shall not exceed 25% of a borrower's gross monthly income; to provide that a lender shall obtain information on a borrower's gross monthly income; to provide for extended payment plans and the provisions for extended payment plans; and to provide for written disclosures to a borrower before funds are disbursed.

  02/07 Introduced; read first time; referred to JR for Printing 
  02/10 Reported Printed; referred to Commerce & Human Resources 
  03/06 Reported out of Committee with Do Pass Recommendation; Filed for second reading 
  03/07 Read second time; filed for Third Reading 
  03/10 Read third time in full - PASSED - 21-13-1
AYES -- Bair, Bock, Brackett, Buckner-Webb, Cameron, Davis, Goedde, Heider, Keough, Lacey, Lodge, Martin, Mortimer, Patrick, Rice, Schmidt, Stennett, Tippets, Ward-Engelking, Werk, Winder
NAYS -- Bayer, Fulcher, Guthrie, Hagedorn, Hill, Johnson, Lakey, McKenzie, Nonini, Nuxoll, Siddoway, Thayn, Vick
Absent and excused -- Pearce
Floor Sponsor - Heider
Title apvd - to House
 
  03/11 Received from the Senate, Filed for First Reading 
  Read First Time, Referred to Commerce & Human Resources 
  03/14 Reported out of Committee with Do Pass Recommendation, Filed for Second Reading 
  03/17 Read second time; Filed for Third Reading 
  Rules Suspended: Ayes 68 Nays 0 Abs/Excd 2, read three times - PASSED - 35-34-1
AYES -- Anderson(01), Anderson(31), Anderst, Bateman, Chew, Clow, Dayley, Eskridge, Gibbs, Hancey, Harris, Hartgen, Henderson, Hixon, Holtzclaw, Horman, Loertscher, Malek, McDonald, Mendive, Moyle, Packer, Pence, Perry, Raybould, Romrell, Rubel, Smith, Thompson, VanOrden, Wills, Wood(27), Woodings, Youngblood, Mr. Speaker
NAYS -- Agidius, Andrus, Barbieri, Barrett, Batt, Bell, Bolz, Boyle, Burgoyne, Collins, Crane, DeMordaunt, Denney, Erpelding, Gannon, Gestrin, Kauffman, King, Kloc, Luker, McMillan, Meline, Miller, Monks, Morse, Palmer, Ringo, Rusche, Shepherd, Sims, Stevenson, Trujillo, Vander Woude, Wood(35)
Absent -- Nielsen
Floor Sponsor - VanOrden
Title apvd - to Senate
 
  03/18 Returned From House Passed; referred to enrolling 
  Reported enrolled; signed by President; to House for signature of Speaker 
  03/19 Received from Senate; Signed by Speaker; Returned to Senate 
  Reported signed by the Speaker & ordered delivered to Governor 
  03/20 Reported delivered to Governor on 03/20/14 
  03/26 Signed by Governor on 03/26/14
    Session Law Chapter 270
    Effective: 07/01/2014