Emanuel Chris Welch
- Democratic
Primary
Amends the Consumer Installment Loan Act. Defines "title-secured loan". Provides that for title-secured loans entered into or renewed on or after the effective date of the Act: (i) a licensee shall not contract for or receive a charge exceeding 36% annual percentage rate on the unpaid balance of the amount financed for a title-secured loan; (ii) the loan contract shall provide for repayment of the principal and charges within specified maximum loan terms; (iii) upon or after default, a licensee shall not charge a borrower any finance charges, interest, fees, or charges of any kind; and (iv) the loan may be refinanced if the original principal of the loan has been reduced by at least 60%. Provides that nothing in these provisions abrogates a borrower's right to collect any surplus arising from the sale of a motor vehicle under the Uniform Commercial Code.
Added Co-Sponsor Rep. Andrew S. Chesney
Added Co-Sponsor Rep. Fred Crespo
Rule 19(a) / Re-referred to Rules Committee
House Floor Amendment No. 3 Rule 19(c) / Re-referred to Rules Committee
House Floor Amendment No. 3 Recommends Be Adopted Executive Committee; 013-000-000
Added Co-Sponsor Rep. Ryan Spain
Second Reading - Short Debate
Added Co-Sponsor Rep. Debbie Meyers-Martin
House Floor Amendment No. 3 Rules Refers to Executive Committee
Added Co-Sponsor Rep. Katie Stuart
Added Co-Sponsor Rep. LaToya Greenwood
Added Co-Sponsor Rep. Sue Scherer
Added Co-Sponsor Rep. Anne Stava-Murray
Added Co-Sponsor Rep. Rita Mayfield
Added Co-Sponsor Rep. André Thapedi
Added Co-Sponsor Rep. Diane Pappas
Held on Calendar Order of Second Reading - Short Debate
House Floor Amendment No. 3 Filed with Clerk by Rep. Emanuel Chris Welch
House Floor Amendment No. 3 Referred to Rules Committee
Added Co-Sponsor Rep. Terra Costa Howard
Added Chief Co-Sponsor Rep. William Davis
Added Co-Sponsor Rep. Will Guzzardi
Added Co-Sponsor Rep. Jennifer Gong-Gershowitz
Added Co-Sponsor Rep. Kelly M. Cassidy
Added Co-Sponsor Rep. Martin J. Moylan
Added Co-Sponsor Rep. Sonya M. Harper
Added Co-Sponsor Rep. Michael Halpin
House Floor Amendment No. 2 Filed with Clerk by Rep. Emanuel Chris Welch
Added Co-Sponsor Rep. Robyn Gabel
House Floor Amendment No. 2 Referred to Rules Committee
Added Co-Sponsor Rep. Mary Edly-Allen
Added Co-Sponsor Rep. Nicholas K. Smith
Added Co-Sponsor Rep. Jonathan Carroll
Added Co-Sponsor Rep. Maurice A. West, II
Added Co-Sponsor Rep. Lamont J. Robinson, Jr.
Added Co-Sponsor Rep. Delia C. Ramirez
Added Co-Sponsor Rep. La Shawn K. Ford
Added Co-Sponsor Rep. Kambium Buckner
Removed Co-Sponsor Rep. Marcus C. Evans, Jr.
Added Co-Sponsor Rep. Carol Ammons
Added Co-Sponsor Rep. Gregory Harris
Added Co-Sponsor Rep. Anna Moeller
Added Co-Sponsor Rep. Bob Morgan
Added Co-Sponsor Rep. Amy Grant
Removed Co-Sponsor Rep. Amy Grant
Added Co-Sponsor Rep. Kathleen Willis
House Committee Amendment No. 1 Tabled Pursuant to Rule 40
Placed on Calendar 2nd Reading - Short Debate
Do Pass / Short Debate Executive Committee; 011-000-000
House Committee Amendment No. 1 Referred to Rules Committee
Added Co-Sponsor Rep. Arthur Turner
House Committee Amendment No. 1 Filed with Clerk by Rep. Emanuel Chris Welch
Added Co-Sponsor Rep. Thomas M. Bennett
Added Co-Sponsor Rep. Luis Arroyo
Added Co-Sponsor Rep. Natalie A. Manley
Added Co-Sponsor Rep. Grant Wehrli
Added Co-Sponsor Rep. Jehan Gordon-Booth
Added Co-Sponsor Rep. Joe Sosnowski
Added Co-Sponsor Rep. Marcus C. Evans, Jr.
Assigned to Executive Committee
Added Chief Co-Sponsor Rep. David A. Welter
Added Chief Co-Sponsor Rep. Theresa Mah
Added Chief Co-Sponsor Rep. C.D. Davidsmeyer
First Reading
Referred to Rules Committee
Filed with the Clerk by Rep. Emanuel Chris Welch
| Bill Text Versions | Format |
|---|---|
| Introduced | HTML |
| Document | Format |
|---|---|
| House Amendment 003 | |
| House Amendment 002 | |
| House Amendment 001 |
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