Eric Bassler
- Republican
- Senator
- District 39
Author
Provides that a reference to federal law in: (1) the first lien mortgage lending act; (2) the Uniform Consumer Credit Code; or (3) the Indiana Code title governing financial institutions; is a reference to the law as in effect December 31, 2023 (rather than December 31, 2022, under current law). Amends Indiana Code provisions concerning accounting practices for credit unions to reflect a new accounting standard that replaces the allowance for loan and lease losses accounting methodology with the allowance for credit losses methodology, as required by the Financial Accounting Standards Board. Establishes a new chapter in the Indiana Code article containing general provisions with respect to financial institutions to require corporations (defined as certain financial institutions organized or reorganized under Indiana law) to notify the director of the department of financial institutions of a reportable cyber incident or notification incident in accordance with the same procedures required by the corporation's federal supervisory authority or federal insurer.
Signed by the Governor
Public Law 30
Signed by the President of the Senate
Signed by the Speaker
Signed by the President Pro Tempore
Returned to the Senate without amendments
Third reading: passed; Roll Call 231: yeas 94, nays 0
Representative Teshka added as sponsor
Representative Speedy removed as sponsor
Representative Speedy added as cosponsor
Second reading: ordered engrossed
Committee report: do pass, adopted
First reading: referred to Committee on Financial Institutions
Referred to the House
House sponsor: Representative Speedy
Senator Baldwin added as coauthor
Third reading: passed; Roll Call 24: yeas 47, nays 1
Second reading: ordered engrossed
Senator Deery added as second author
Committee report: amend do pass, adopted
First reading: referred to Committee on Insurance and Financial Institutions
Authored by Senator Bassler
| Bill Text Versions | Format |
|---|---|
| Enrolled Senate Bill (S) | |
| Senate Bill (S) | |
| Senate Bill (H) | |
| Introduced Senate Bill (S) |
| Document | Format |
|---|---|
| Fiscal Note: SB0220.04.ENRH.FN001 |
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