SB 558 (1994): relative to imposing late payment fees on retail credit customers.

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@misc{bill-1994-sb558, title = {SB 558 (1994): relative to imposing late payment fees on retail credit customers.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/1994/sb558}, note = {Accessed 24 Oct. 2026} }

SB 558 (1994)

relative to imposing late payment fees on retail credit customers.

  • Status: Signed into law
  • Term: 1993-1994
  • House committee: Commerce, Small Business and Consumer Affairs
  • Senate committee: Banks
  • Subject: Miscellaneous
  • Chapter law: 206

The Story

It was introduced on January 5, 1994 and referred to the Senate Public Affairs committee. The Senate withdrew that referral and sent the bill to the Banks committee instead. The committee held a public hearing on February 2, 1994. The committee recommended that the Senate pass it with changes. On February 10, 1994 the Senate voted to pass it with changes on a voice vote. It crossed to the House on February 16, 1994 and was referred to the House Commerce, Small Business and Consumer Affairs committee. The committee held a public hearing on March 31, 1994. The committee held work sessions on April 14, 1994 and April 26, 1994. The majority of the committee recommended that the House pass it with changes by a vote of 10–2. On May 5, 1994 the House voted to pass it with changes on a voice vote. On May 11, 1994 the Senate voted to agree to the other chamber's changes on a voice vote. The bill was enrolled on May 17, 1994 — the final check of the text before it goes to the governor. The governor signed it on May 24, 1994, making it Chapter 206 of the session laws. It took effect on January 1, 1995.

Sponsors

  • Sen. Fraser (SD4) (prime sponsor)

Hearings and Sessions

  • February 2, 1994, 2:00 PM: hearing, Senate Banks, RM103,LOB
  • March 31, 1994, 10:45 AM: hearing, House Commerce, Small Business and Consumer Affairs, RM207,LOB
  • April 14, 1994, 9:30 AM: subcommittee work session, House Commerce, Small Business and Consumer Affairs, RM207,LOB
  • April 26, 1994, 9:30 AM: subcommittee work session, House Commerce, Small Business and Consumer Affairs, RM207,LOB

Votes

  • February 10, 1994, Senate: Ought to Pass with Amendment — voice vote, passed
  • May 5, 1994, House: Ought to Pass with Amendment — voice vote, passed
  • May 11, 1994, Senate: Concur — voice vote, passed

The Docket

  • January 5, 1994: INTRODUCED AND REF TO PUBLIC AFFAIRS; SJ1,P9
  • January 20, 1994: VACATED TO BANKS, SEN BOURQUE MA VV; SJ2,P29
  • February 2, 1994: HEARING FEB02 2:00 RM103,LOB FOR: BANKS
  • February 9, 1994: COMM REPORT OTP/AM FEB10
  • February 9, 1994: PROP COMM AM<5027>; SC9,P6-7
  • February 10, 1994: COMM AM, AA VV; PASSED WITH AM VV; SJ5,P97-98 + 120
  • February 16, 1994: INTRODUCED AND REF TO COMMERCE; HJ27,P809
  • February 16, 1994: IN SEAT POCKET ON 02/16/94 DUE ON 04/28/94
  • March 31, 1994: HEARING MAR31 10:45 RM207,LOB FOR: COMMERCE
  • April 14, 1994: SUBCOM WORK SESSION APR14 09:30 RM207,LOB FOR: COMMERCE
  • April 26, 1994: SUBCOM WORK SESSION APR26 09:30 RM207,LOB FOR: COMMERCE
  • April 26, 1994: MAJ REPORT OTP/AM FOR MAY05 (VOTE 10-2)
  • April 26, 1994: PROP COMM AM<6018>; HC57,P1833
  • May 5, 1994: COMM AM, AA VV; PASSED WITH AM VV; HJ61,P1954 + 1993
  • May 11, 1994: SEN CONC WITH HOUSE AM, SEN FRASER MA VV; SJ16,P410
  • May 17, 1994: ENROLLED; SJ18,P524
  • May 17, 1994: ENROLLED; HJ67,P2103
  • May 24, 1994: SIGNED BY GOVERNOR 05/24/94 EFF: 01/01/95 CHAP.0206

Laws It Would Change

From the General Court