SB 1007 - Goodman, Jack
Bars lending institutions from using unsolicited negotiable instruments as extensions of credit to consumers
Bill Details
Sponsor
LR Number
4783S.01I
Title
SB 1007
House Handler
N/A
Journal Page
N/A
Co-Sponsors
Effective Date
August 28, 2006
Current Status
Hearing Scheduled But Not Heard S Financial & Governmental Organizations and Elections Committee
Quick Links
Amendments
No amendments available
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