SB 741 - Parson, Mike
Authorizes gaming establishment to provide lines of credit
Bill Details
Sponsor
LR Number
5408S.03T
Title
SS SB 741
House Handler
Journal Page
N/A
Effective Date
August 28, 2014
Committee
Current Status
Governor took no action, sent to Secretary of State/Article III, Sec. 31
Quick Links
Amendments
CURRENT BILL SUMMARY
SS/SB 741 - This act authorizes gaming establishments to provide lines of credit to persons deemed creditworthy by the gaming establishment. Applicants for credit must qualify for at least $10,000 in credit. Credit may only be extended through the use of a credit instrument which shall not be due more than 30 days from the date of issuance. Credit instruments are to be unsecured loans and not bear interest. Credit instrument may not be extended to intoxicated persons.
This act is similar to HB 1342 (2014), SB 481 (2013) and HB 747 (2013).
MIKE HAMMANN