SB 56-FN (1995): allowing lenders to provide copies of loan documents marked "paid in full" or "cancelled" upon full repayment of closed-end loans.
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- “SB 56-FN (1995): allowing lenders to provide copies of loan documents marked "paid in full" or "cancelled" upon full repayment of closed-end loans.” Granite Record, https://graniterecord.org/bill/1995/sb56. Accessed 24 Oct. 2026.
- APA
- Granite Record. (n.d.). SB 56-FN (1995): allowing lenders to provide copies of loan documents marked "paid in full" or "cancelled" upon full repayment of closed-end loans. Retrieved 24 Oct. 2026, from https://graniterecord.org/bill/1995/sb56
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- Granite Record. “SB 56-FN (1995): allowing lenders to provide copies of loan documents marked "paid in full" or "cancelled" upon full repayment of closed-end loans.” Accessed 24 Oct. 2026. https://graniterecord.org/bill/1995/sb56.
- BibTeX
@misc{bill-1995-sb56, title = {SB 56-FN (1995): allowing lenders to provide copies of loan documents marked "paid in full" or "cancelled" upon full repayment of closed-end loans.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/1995/sb56}, note = {Accessed 24 Oct. 2026} }
SB 56-FN (1995)
allowing lenders to provide copies of loan documents marked "paid in full" or "cancelled" upon full repayment of closed-end loans.
- Status: Signed into law
- Term: 1995-1996
- House committee: Commerce, Small Business, Consumer Affairs and Economic Development
- Senate committee: Banks
- Subject: Banking and Finance
- Chapter law: 215
The Story
It was introduced on January 5, 1995 and referred to the Senate Banks committee. The committee held a public hearing on January 31, 1995. The committee recommended that the Senate pass it with changes. On February 21, 1995 the Senate voted to pass it with changes on a voice vote. It crossed to the House and was referred to the House Commerce, Small Business, Consumer Affairs and Economic Development committee. The committee held a public hearing on March 29, 1995. The committee held work sessions on April 12, 1995 and April 26, 1995. The majority of the committee recommended that the House pass it with changes by a vote of 18–3. On May 9, 1995 the House voted to pass it with changes on a voice vote. On May 18, 1995 the Senate voted to agree to the other chamber's changes on a voice vote. An enrolled bill amendment (2703) was adopted on a voice vote on May 23, 1995. These correct technical errors found after passage. An enrolled bill amendment () was adopted on a voice vote on May 23, 1995. These correct technical errors found after passage. The bill was enrolled on June 6, 1995 — the final check of the text before it goes to the governor. The governor signed it on June 12, 1995, making it Chapter 215 of the session laws. It took effect on January 1, 1996.
Sponsors
- Sen. Larsen (SD15) (prime sponsor)
- Rep. Hill (Graf 1)
- Rep. DePecol (Ches 14)
Hearings and Sessions
- January 31, 1995, 9:45 AM: hearing, Senate Banks, RM103,LOB
- March 29, 1995, 10:45 AM: hearing, House Commerce, Small Business, Consumer Affairs and Economic Development, RM302,LOB
- April 12, 1995, 2:30 PM: subcommittee work session, House Commerce, Small Business, Consumer Affairs and Economic Development, RM302,LOB
- April 26, 1995, 9:30 AM: subcommittee work session, House Commerce, Small Business, Consumer Affairs and Economic Development, RM302,LOB
Votes
- February 21, 1995, Senate: Ought to Pass with Amendment — voice vote, passed
- May 9, 1995, House: Ought to Pass with Amendment — voice vote, passed
- May 18, 1995, Senate: Concur — voice vote, passed
The Docket
- January 5, 1995: INTRODUCED AND REF TO BANKS; SJ2,P25
- January 31, 1995: HEARING JAN31 09:45 RM103,LOB FOR: BANKS
- February 16, 1995: COMM REPORT OTP/AM FEB21
- February 16, 1995: PROP COMM AM<1197>(NEW TITLE); SC13,P3-4
- February 16, 1995: 02/16/95 INTRODUCED AND REF TO COMMERCE; HJ31,P738
- February 21, 1995: COMM AM, AA VV; PASSED WITH AM VV; SJ6,P57-58 + 75
- February 22, 1995: COPY TO CHAIRMAN ON 02/28/95 DUE ON 05/10/95* (*CHG BY JT RULS)
- March 29, 1995: HEARING MAR29 10:45 RM302,LOB FOR: COMMERCE
- April 12, 1995: SUBCOM WORK SESSION APR12 02:30 RM302,LOB FOR: COMMERCE
- April 26, 1995: SUBCOM WORK SESSION APR26 09:30 RM302,LOB FOR: COMMERCE
- May 3, 1995: MAJ REPORT OTP/AM FOR MAY09 (VOTE 18-3)
- May 3, 1995: PROP COMM AM<2353>; HC61,P1700-1701
- May 9, 1995: COMM AM, AA VV; PASSED WITH AM VV; HJ66,P1843-1844 + 1858
- May 18, 1995: SEN CONC WITH HOUSE AM, SEN FRASER MA VV; SJ21,P375
- May 23, 1995: ENROLLED AM<2703>, AA VV; HJ71,P1954
- May 23, 1995: ENROLLED AM, AA VV; SJ22,P464
- May 31, 1995: ENROLLED; HJ74,P2017
- June 6, 1995: ENROLLED; SJ24,P498
- June 12, 1995: SIGNED BY GOVERNOR 06/12/95 EFF: 01/01/96 CHAP.0215