Introduced
by
To establish regulations for insurance placed by a creditor, who is the beneficiary, to insure the collateral of a debtor. The bill includes definitions, length and limits of coverage, deductibles, rates, disclosure of balloon payments, and more.
Referred to the Committee on Financial Services
Substitute offered
To replace the previous version of the bill with a version recommended by the committee which reported it. The substitute incorporates changes resulting from committee testimony and deliberation. These do not affect the substance of the bill as previously described.
The substitute passed by voice vote
Passed in the Senate 35 to 0 (details)
To establish regulations for insurance placed by a creditor, who is the beneficiary, to insure the collateral of a debtor. The bill includes definitions, length and limits of coverage, deductibles, rates, disclosure of balloon payments, and more.
Passed in the House 106 to 0 (details)
