SB 384 Modifies the law relating to personal guarantee loans
Sponsor: Rupp
LR Number: 1819S.01I Fiscal Note available
Committee: Financial and Governmental Organizations and Elections
Last Action: 3/11/2013 - Hearing Conducted S Financial and Governmental Organizations and Elections Committee Journal Page:
Title: Calendar Position:
Effective Date: August 28, 2013

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Current Bill Summary


SB 384 - This act bars lenders from enforcing loan contracts for a business that contains a personal guarantee with respect to a party that has sold the business to another party, after 5 years from the sale.

CHRIS HOGERTY