Indiana House Bill 1245 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Passed on March 13 2014 - 100% progression
Action: 2014-03-25 - Signed by the President Pro Tempore
Text: Latest bill text (Enrolled) [PDF]

Makes various changes to the laws concerning: (1) financial institutions; (2) debt management companies; (3) pawnbrokers; (4) money transmitters; (5) check cashers; (6) persons licensed under the Uniform Consumer Credit Code; (7) first lien mortgage lenders; and (8) rental purchase agreements. Provides that a lessor that leases property under rental purchase agreements may, subject to certain conditions, offer for sale to members of the general public at the location where the lessor enters into rental purchase agreements: (1) property and services that were or may be the subject of a rental purchase agreement; and (2) property or services that are unrelated or only partially or indirectly related to the lessor's rental purchase agreement business. Repeals a provision that provides that all debts: (1) owed to certain financial institutions; and (2) on which interest is past due for a period of six months; are bad debts unless, in the opinion of the department of financial institutions, the debts are well secured.

Various financial institutions matters.

Rep. Robert Heaton [R]

Rep. Justin Moed [D]

Rep. Christina Hale [D]

Rep. Charles Burton [R]

2014-03-05 - House - House - Motion to Concur in Senate Amendments (Y: 86 N: 0 NV: 1 Abs: 13) [PASS]
2014-02-25 - Senate - Senate Floor - (Y: 47 N: 0 NV: 0 Abs: 3) [PASS]
2014-02-20 - Senate - Senate Committee on Financial Institutions - Roll Call 124502 (Y: 8 N: 0 NV: 0 Abs: 0) [PASS]
2014-01-28 - House - House - Third reading: passed (Y: 92 N: 0 NV: 3 Abs: 5) [PASS]
2014-01-22 - House - House Committee on Financial Institutions - Roll Call 124501 (Y: 12 N: 0 NV: 0 Abs: 1) [PASS]

Date	Chamber	Action
2014-03-25	House	Signed by the President Pro Tempore
2014-03-25	House	Signed by the Governor
2014-03-18	Senate	Signed by the President of the Senate
2014-03-13	House	Public Law 137
2014-03-05	House	Motion to Concur in Senate Amendments: prevailed; Roll Call 405: yeas 86 and nays 0
2014-02-25	Senate	Returned to the House with amendments
2014-02-25	Senate	Third reading: Passed: Roll Call 245: yeas 47 and nays 0
2014-02-24	Senate	Second reading: engrossed.
2014-02-20	Senate	Committee report: amend do pass, adopted.
2014-02-04	Senate	First Reading: Referred to Financial Institutions
2014-01-28	House	Third reading: passed; Roll Call 92: yeas 92 and nays 0
2014-01-28	House	Referred to the Senate
2014-01-28	House	Senator Holdman added as sponsor.
2014-01-27	House	Second reading: engrossed
2014-01-23	House	Committee report: amend do pass, adopted.
2014-01-14	House	First Reading: Referred to Financial Institutions
2014-01-14	House	Coauthored by Representative Burton
2014-01-13	House	Representative Hale added as coauthor.
2014-01-13	House	Representative Moed added as coauthor.
2014-01-13	House	Authored by Representative Heaton.

Type	Source
Summary	https://iga.in.gov/legislative/2014/bills/house/1245/details
Text	http://iga.in.gov/static-documents/b/8/3/4/b8341622/HB1245.01.INTR.pdf
Text	http://iga.in.gov/static-documents/5/1/9/5/51958348/HB1245.02.COMH.pdf
Text	http://iga.in.gov/static-documents/1/9/3/3/1933c65b/HB1245.01.INTR.pdf
Text	http://iga.in.gov/static-documents/a/a/e/a/aaea8062/HB1245.02.COMH.pdf
Text	http://iga.in.gov/static-documents/5/f/1/5/5f15f213/HB1245.03.COMS.pdf
Text	http://iga.in.gov/static-documents/5/f/1/1/5f11275f/HB1245.03.COMS.pdf
Text	http://iga.in.gov/static-documents/7/0/8/e/708ee02b/HB1245.04.ENRH.pdf
Roll Call	http://iga.in.gov/static-documents/7/1/9/0/71909908/HB1245.01.INTR.pdf
Roll Call	http://iga.in.gov/static-documents/a/4/4/6/a4461348/HB1245.02.COMH.92.pdf
Roll Call	http://iga.in.gov/static-documents/7/0/1/e/701eea27/HB1245.02.COMH.pdf
Roll Call	http://iga.in.gov/static-documents/d/0/3/1/d0311d97/HB1245.03.COMS.245.pdf
Roll Call	http://iga.in.gov/static-documents/d/7/1/f/d71fcdff/HB1245.03.COMS.405.pdf