Consumer Legal Funding Transactions
| Type | Bill |
|---|---|
| Session | 2023 Regular Session |
| Subjects |
Concerning the regulation of consumer legal funding transactions, and, in connection therewith, authorizing the administrator of the "Uniform Consumer Credit Code" to adopt rules regulating creditor-imposed charges for certain consumer credit transactions that are secured by a consumer's potential proceeds from a settlement or judgment obtained in an associated legal claim.
Bill Summary:
The act authorizes the administrator of the "Uniform Consumer Credit Code" to adopt rules regarding deferral charges for certain consumer credit transactions that are secured by the consumer's potential proceeds from a settlement or judgment obtained in the consumer's associated legal claim.
APPROVED by Governor June 1, 2023
EFFECTIVE August 7, 2023
NOTE: This act was passed without a safety clause and takes effect 90 days after sine die.
(Note: This summary applies to this bill as enacted.)
Related Documents & Information
| Activity | Vote | Documents |
|---|---|---|
| Refer House Bill 23-1162 to the Committee of the Whole and with a recommendation that it be placed on the consent calendar. | The motion passed on a vote of 9-0. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Adopt amendment L.005 (Attachment A). | The motion passed without objection. | Vote summary |
| Refer House Bill 23-1162, as amended, to the Committee of the Whole. | The motion passed on a vote of 7-1. | Vote summary |
| Activity | Vote | Documents |
|---|
| Activity | Vote | Documents |
|---|---|---|
| Adopt amendment L.001 | The motion passed without objection. | Vote summary |
| Refer House Bill 23-1162, as amended, to the Committee on Finance. | The motion passed on a vote of 8-2. | Vote summary |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 05/01/2023 | Third Reading | BILL |
22
AYE
12
NO
1
OTHER
|
Vote record |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 04/18/2023 | Third Reading | BILL |
44
AYE
18
NO
3
OTHER
|
Vote record |
| Date | Location | Action |
|---|---|---|
| 06/01/2023 | Governor | Governor Signed |
| 05/17/2023 | Governor | Sent to the Governor |
| 05/17/2023 | Senate | Signed by the President of the Senate |
| 05/17/2023 | House | Signed by the Speaker of the House |
| 05/01/2023 | Senate | Senate Third Reading Passed - No Amendments |
| 04/28/2023 | Senate | Senate Second Reading Special Order - Passed - No Amendments |
| 04/27/2023 | Senate | Senate Committee on Business, Labor, & Technology Refer Unamended - Consent Calendar to Senate Committee of the Whole |
| 04/19/2023 | Senate | Introduced In Senate - Assigned to Business, Labor, & Technology |
| 04/18/2023 | House | House Third Reading Passed - No Amendments |
| 04/17/2023 | House | House Second Reading Special Order - Passed with Amendments - Committee, Floor |
| 04/13/2023 | House | House Second Reading Special Order - Laid Over Daily - No Amendments |
| 04/10/2023 | House | House Committee on Finance Refer Amended to House Committee of the Whole |
| 03/02/2023 | House | House Committee on Finance Witness Testimony and/or Committee Discussion Only |
| 02/16/2023 | House | House Committee on Business Affairs & Labor Refer Amended to Finance |
| 02/01/2023 | House | Introduced In House - Assigned to Business Affairs & Labor |
Prime Sponsor
Sponsor
| Effective Date | Chapter # | Title | Documents |
|---|---|---|---|
| 08/07/2023 | 286 | Consumer Legal Funding Transactions |