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 (UCCC); or (3) the Indiana Code title governing financial institutions; is a reference to the law as in effect December 31, 2024 (rather than December 31, 2023, under current law). Amends the definition of "principal" for purposes of the UCCC provisions governing consumer loans to specify that the term does not include any loan proceeds held as security for the loan. Makes a technical change to the Indiana Code provision governing the prepayment of consumer loans to incorporate a cross reference to the Indiana Code provision setting forth the authorized nonrefundable prepaid finance charge for supervised loans. (Current law references only the authorized nonrefundable prepaid finance charge for consumer loans other than supervised loans.) Amends the definition of "consumer transaction" for purposes of the deceptive consumer sales act (act) to include the provision of a product or service to a: (1) state law enforcement agency; or (2) local law enforcement agency; in Indiana. Amends the definition of "supplier" for purposes of the act to include an entity that provides a product or service to a state or local law enforcement agency in Indiana. Provides that an action that arises from a transaction involving: (1) a state law enforcement agency may be brought and enforced only by the attorney general; and (2) a local law enforcement agency may be brought and enforced only by an attorney acting on behalf of the local law enforcement agency involved in the transaction, unless the local unit of government served by the local law enforcement agency requests the attorney general to bring and enforce an action on behalf of the local unit. Amends the Indiana Code provision governing audit requirements for credit unions to provide that department of financial institutions may establish by policy or rule accounting and auditing standards necessary to define the audit requirements.
Public Law 206
Signed by the Governor
Signed by the President of the Senate
Signed by the Speaker
Rules Suspended. Conference Committee Report 2: adopted by the Senate; Roll Call 520: yeas 48, nays 1
CCR # 2 filed in the House
Motion to Rescind CCR #1: adopted voice vote
Signed by the President Pro Tempore
Rules Suspended. Conference Committee Report 2: adopted by the House; Roll Call 562: yeas 85, nays 0
Motion to withdraw CCR #1: prevailed
CCR # 2 filed in the Senate
Rules Suspended. Conference Committee Report 1: adopted by the House; Roll Call 527: yeas 91, nays 0
CCR # 1 filed in the Senate
CCR # 1 filed in the House
House conferees appointed: Teshka and Andrade
House advisors appointed: Lehman, Pierce K and Dant Chesser
Senate conferees appointed: Bassler and Qaddoura
Senate advisors appointed: Randolph Lonnie M, Baldwin and Gaskill
Senate dissented from House amendments
Motion to dissent filed
Returned to the Senate with amendments
Third reading: passed; Roll Call 314: yeas 92, nays 3
Second reading: ordered engrossed
Committee report: amend do pass, adopted
Representative Andrade added as cosponsor
First reading: referred to Committee on Financial Institutions
Referred to the House
House sponsor: Representative Teshka
Third reading: passed; Roll Call 44: yeas 48, nays 0
Second reading: ordered engrossed
Senator Baldwin added as second author
Senator Gaskill added as third author
Committee report: 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: SB0464.04.ENRH.FN001 |
Data on Open States is updated periodically throughout the day from the official website of the Indiana General Assembly.
If you notice any inconsistencies with these official sources, feel free to file an issue.