SB 1007 Bars lending institutions from using unsolicited negotiable instruments as extensions of credit to consumers
Sponsor: Goodman Co-Sponsor(s)
LR Number: 4783S.01I Fiscal Note: 4783-01
Committee: Financial & Governmental Organizations and Elections
Last Action: 3/6/2006 - Hearing Scheduled But Not Heard S Financial & Governmental Organizations and Elections Committee Journal Page:
Title: Calendar Position:
Effective Date: August 28, 2006

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Current Bill Summary


SB 1007 - This act bars lending institutions from using unsolicited negotiable instruments as extensions of credit to consumers. If a lending institution engages in such a practice, the lending institution shall be liable for the amount of the instrument and any insufficient funds fees.

This act is identical to HB 991 (2006).

CHRIS HOGERTY