Indiana Senate Bill 220

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 5-0)
Status: Passed on March 11 2024 - 100% progression
Action: 2024-03-11 - Public Law 30
Text: Latest bill text (Enrolled) [PDF]

Financial institutions and consumer credit. 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.

Financial institutions and consumer credit.

Sen. Eric Bassler [R]	Sen. Spencer Deery [R]	Sen. Scott Baldwin [R]	Rep. Jake Teshka [R]
Rep. Mike Speedy [R]

2024-02-27 - House - House - Third reading (Y: 94 N: 0 NV: 1 Abs: 5) [PASS]
2024-01-23 - Senate - Senate - Third reading (Y: 47 N: 1 NV: 0 Abs: 2) [PASS]

Date	Chamber	Action
2024-03-11	Senate	Public Law 30
2024-03-11	Senate	Signed by the Governor
2024-03-08	Senate	Signed by the President of the Senate
2024-03-07	House	Signed by the Speaker
2024-03-04	Senate	Signed by the President Pro Tempore
2024-02-28	House	Returned to the Senate without amendments
2024-02-27	House	Third reading: passed; Roll Call 231: yeas 94, nays 0
2024-02-26	House	Representative Speedy added as cosponsor
2024-02-26	House	Representative Teshka added as sponsor
2024-02-26	House	Representative Speedy removed as sponsor
2024-02-26	House	Second reading: ordered engrossed
2024-02-22	House	Committee report: do pass, adopted
2024-02-06	House	First reading: referred to Committee on Financial Institutions
2024-01-24	Senate	Referred to the House
2024-01-23	Senate	Senator Baldwin added as coauthor
2024-01-23	Senate	House sponsor: Representative Speedy
2024-01-23	Senate	Third reading: passed; Roll Call 24: yeas 47, nays 1
2024-01-22	Senate	Senator Deery added as second author
2024-01-22	Senate	Second reading: ordered engrossed
2024-01-18	Senate	Committee report: amend do pass, adopted
2024-01-09	Senate	First reading: referred to Committee on Insurance and Financial Institutions
2024-01-09	Senate	Authored by Senator Bassler

Type	Source
Summary	https://iga.in.gov/legislative/2024/bills/senate/220/details
Text	https://iga.in.gov/pdf-documents/123/2024/senate/bills/SB0220/SB0220.01.INTR.pdf
Text	https://iga.in.gov/pdf-documents/123/2024/senate/bills/SB0220/SB0220.02.COMS.pdf
Text	https://iga.in.gov/pdf-documents/123/2024/senate/bills/SB0220/SB0220.03.COMH.pdf
Text	https://iga.in.gov/pdf-documents/123/2024/senate/bills/SB0220/SB0220.04.ENRH.pdf
Amendment	https://iga.in.gov/pdf-documents/123/2024/senate/bills/SB0220/committee-amendments/amendments/SB0220.01.INTR.AMS01.pdf
Supplement	https://iga.in.gov/pdf-documents/123/2024/senate/bills/SB0220/fiscal-notes/SB0220.01.INTR.FN001.pdf
Supplement	https://iga.in.gov/pdf-documents/123/2024/senate/bills/SB0220/votesheets/SB0220.01.INTR.03.pdf
Supplement	https://iga.in.gov/pdf-documents/123/2024/senate/bills/SB0220/committee-reports/SB0220.01.INTR.CRS001.pdf
Supplement	https://iga.in.gov/pdf-documents/123/2024/senate/bills/SB0220/fiscal-notes/SB0220.02.COMS.FN001.pdf
Supplement	https://iga.in.gov/pdf-documents/123/2024/senate/bills/SB0220/fiscal-notes/SB0220.02.COMS.FN002.pdf
Supplement	https://iga.in.gov/pdf-documents/123/2024/senate/bills/SB0220/fiscal-notes/SB0220.02.COMS.FN003.pdf
Supplement	https://iga.in.gov/pdf-documents/123/2024/senate/bills/SB0220/fiscal-notes/SB0220.03.COMH.FN001.pdf
Supplement	https://iga.in.gov/pdf-documents/123/2024/senate/bills/SB0220/votesheets/SB0220.02.COMS.02.pdf
Supplement	https://iga.in.gov/pdf-documents/123/2024/senate/bills/SB0220/committee-reports/SB0220.02.COMS.CRH001.pdf
Supplement	https://iga.in.gov/pdf-documents/123/2024/senate/bills/SB0220/fiscal-notes/SB0220.03.COMH.FN002.pdf
Supplement	https://iga.in.gov/pdf-documents/123/2024/senate/bills/SB0220/fiscal-notes/SB0220.03.COMH.FN003.pdf
Supplement	https://iga.in.gov/pdf-documents/123/2024/senate/bills/SB0220/fiscal-notes/SB0220.04.ENRH.FN001.pdf
Roll Call	https://iga.in.gov/pdf-documents/123/2024/senate/bills/SB0220/rollcalls/SB0220.24_S.pdf
Roll Call	https://iga.in.gov/pdf-documents/123/2024/senate/bills/SB0220/rollcalls/SB0220.231_H.pdf