HB 434 (1995): prohibiting advance collection of interest on open-end consumer credit transactions and redefining certain loans.
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@misc{bill-1995-hb434, title = {HB 434 (1995): prohibiting advance collection of interest on open-end consumer credit transactions and redefining certain loans.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/1995/hb434}, note = {Accessed 24 Oct. 2026} }
HB 434 (1995)
prohibiting advance collection of interest on open-end consumer credit transactions and redefining certain loans.
- Status: Killed
- Term: 1995-1996
- House committee: Commerce, Small Business, Consumer Affairs and Economic Development
- Senate committee: Banks
- Subject: Banking and Finance
The Story
It was introduced on January 5, 1995 and referred to the House Commerce, Small Business, Consumer Affairs and Economic Development committee. The committee held a public hearing on February 7, 1995. The committee held work sessions on February 24, 1995 and February 28, 1995. The majority of the committee recommended that the House pass it with changes unanimously, 19–0, and the report was placed on the consent calendar. On March 15, 1995 the House voted to pass it with changes. It crossed to the Senate on March 21, 1995 and was referred to the Senate Banks committee. The committee held a public hearing on April 21, 1995. The committee recommended that the Senate kill it. On May 11, 1995 the Senate voted to kill it on a voice vote.
Sponsors
- Rep. Hunt (Ches 10) (prime sponsor)
Hearings and Sessions
- February 7, 1995, 10:00 AM: hearing, House Commerce, Small Business, Consumer Affairs and Economic Development, RM302,LOB
- February 24, 1995, 10:00 AM: subcommittee work session, House Commerce, Small Business, Consumer Affairs and Economic Development, RM302,LOB
- February 28, 1995, 9:00 AM: subcommittee work session, House Commerce, Small Business, Consumer Affairs and Economic Development, RM302,LOB
- April 21, 1995, 8:45 AM: hearing, Senate Banks, RM103,LOB
Votes
- May 11, 1995, Senate: Inexpedient to Legislate — voice vote, passed
The Docket
- January 5, 1995: INTRODUCED AND REF TO COMMERCE; HJ11,P155
- January 12, 1995: COPY TO CHAIRMAN ON 01/17/95 DUE ON 03/08/95
- February 7, 1995: HEARING FEB07 10:00 RM302,LOB FOR: COMMERCE
- February 24, 1995: SUBCOM WORK SESSION FEB24 10:00 RM302,LOB FOR: COMMERCE
- February 28, 1995: SUBCOM WORK SESSION FEB28 09:00 RM302,LOB FOR: COMMERCE
- March 8, 1995: MAJ REPORT OTP/AM FOR MAR15 (VOTE 19-0;CC)
- March 8, 1995: PROP COMM AM<1586>(NEW TITLE); HC33,P860-861
- March 15, 1995: PASSED WITH AM; HJ39,P1097-1099 + 1163
- March 21, 1995: INTRODUCED AND REF TO BANKS; SJ10,P176
- April 21, 1995: HEARING APR21 08:45 RM103,LOB FOR: BANKS
- May 10, 1995: COMM REPORT ITL MAY11
- May 11, 1995: ITL REPORT ADOPTED VV; SJ19,P341