2025 bills / S.B. 329
S.B. 329 Deferred Deposit Lending Modifications (2025)
- Introduced
- Senate committee
- Senate vote (stopped here)
- House committee
- House vote
- Signed into law
What this bill does
AI summary from the official description
This bill lengthens the period during which a borrower may cancel a deferred deposit loan, a short-term loan. It requires lenders to give default notices in the language the loan was made in, and to provide an English version on request to anyone who receives a notice in another language.
About this summary
Quotes come from the official recordings' automatic captions, and plain-English summaries are written by AI from the official record. A person reviews them, but always check the recording before quoting anyone; every quote links to its moment in the video.
Check the official text below.
Official description
- extends the time period during which a person may rescind a deferred deposit loan
- requires a deferred deposit lender to provide a notice of default in the language in which the deferred deposit loan transaction occurs
- requires a deferred deposit lender to have a notice of default available in English upon request for a person who receives a notice of default in another language
- makes technical and conforming changes
Your legislators on this bill
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Take action
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What members get
- An alert the day S.B. 329 is put on a committee agenda, with time and room, so you can be there to speak
- When S.B. 329 is rewritten, exactly which words changed
- Its hearings in your own calendar
- Your own scorecard: pick the side you favor and see how every legislator voted
Every vote
- 6 yes, 0 no, 1 absentSenate Revenue and Taxation Committee: Amendment Recommendation · Mar 3, 2025Who voted how
- 3 yes, 3 no, 1 absentSenate Revenue and Taxation Committee: Senate vote, which failed · Mar 3, 2025Who voted how
Hearings and debates
- Mar 3, 2025 Senate Revenue and Taxation Committee▶ Watch