Requires certain providers that extend specific terms of commercial financing to a recipient to disclose certain information about the offer to the recipient
Summary
Requires certain providers that extend specific terms of commercial financing to a recipient to disclose certain information about the offer to the recipient, including information concerning the financing amount, finance charges, the annual percentage rate, the total repayment amount, the term, payment amounts, other potential fees, any prepayment costs and a description of any collateral requirements.
Bill status
signed
all 5 stages cleared
Introduction
May 2019
Committee Review
Jul 2020
Senate Passage
Jul 2020
Assembly Passage
Jul 2020
Signed into Law
Dec 2020
Introduced May 1, 2019
Signed Dec 23, 2020
Floor votes · Senate Jul 23, 2020 · Assembly Jul 23, 2020
How they voted
43–17
Passed
Total votes 60
Jul 23, 2020
D
Democratic40
100% Yea
R
Republican20
85% Nay
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
18
Key actions
3
Committee
6
Amendments
2
Dec 23, 2020
Signed into law
SIGNED CHAP.369
Jul 23, 2020
Assembly · Passed
PASSED ASSEMBLY
Jul 23, 2020
Assembly · Referred to committee
REFERRED TO CODES
Jul 23, 2020
Senate · Passed
PASSED SENATE
Jul 21, 2020
Senate · Referred to committee
REPORTED AND COMMITTED TO RULES
Jul 13, 2020
Senate · Amendment adopted
PRINT NUMBER 5470B
Jul 13, 2020
Senate · Referred to committee
AMEND AND RECOMMIT TO BANKS
Mar 13, 2020
Senate · Amendment adopted
PRINT NUMBER 5470A
Mar 13, 2020
Senate · Referred to committee
AMEND (T) AND RECOMMIT TO BANKS
Jan 8, 2020
Senate · Referred to committee
REFERRED TO BANKS
May 1, 2019
Senate · Referred to committee
REFERRED TO BANKS
1 primary · 5 co-sponsors
Sponsors
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