Introduced
by
To explicitly allow "guaranteed asset protection waivers" that would be regulated under the new law proposed by House Bill 4989 to be included in an auto loan, and establish regulations for this. The waiver contract would have to be listed as a separate item and not wrapped into the total charge. This bill amends the "retail installment sales act”.
Referred to the Committee on Insurance
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Passed in the House 106 to 1 (details)
Referred to the Committee on Economic Development and Regulatory Reform
Reported without amendment
With the recommendation that the bill pass.
Passed in the Senate 36 to 0 (details)
To explicitly allow "guaranteed asset protection waivers" that would be regulated under the new law proposed by House Bill 4989 to be included in an auto loan, and establish regulations for this. The waiver contract would have to be listed as a separate item and not wrapped into the total charge. This bill amends the "retail installment sales act”.
