SB 99 (1999): allowing the same interest rates and charges on small loans under $1,500 as is allowed on small loans over $l,500.
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@misc{bill-1999-sb99, title = {SB 99 (1999): allowing the same interest rates and charges on small loans under $1,500 as is allowed on small loans over $l,500.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/1999/sb99}, note = {Accessed 24 Oct. 2026} }
SB 99 (1999)
allowing the same interest rates and charges on small loans under $1,500 as is allowed on small loans over $l,500.
- Status: Signed into law
- Term: 1999-2000
- House committee: Commerce
- Senate committee: Banks
- Subject: Banking and Finance
- Chapter law: 248
The Story
It was introduced on January 28, 1999 and referred to the Senate Banks committee. The committee held a public hearing on March 10, 1999. The committee recommended that the Senate pass it. On March 17, 1999 the Senate voted to pass it on a voice vote and ordered it to a third reading. It crossed to the House on March 25, 1999 and was referred to the House Commerce committee. The committee held a public hearing on May 4, 1999. The committee held a work session on May 19, 1999. The majority of the committee recommended that the House pass it by a vote of 12–3, and the report was placed on the consent calendar. On June 22, 1999 the House voted to pass it. The bill was enrolled on July 1, 1999 — the final check of the text before it goes to the governor. The governor signed it on July 9, 1999, making it Chapter 248 of the session laws. It took effect on January 1, 2000.
Sponsors
- Sen. Lou D'Allesandro (D - SD20) (prime sponsor)
Hearings and Sessions
- March 10, 1999, 8:30 AM: hearing, Senate Banks, LOB 103
- May 4, 1999, 2:00 PM: hearing, House Commerce, Rm302,LOB
- May 19, 1999, 9:30 AM: subcommittee work session, House Commerce, Rm302,LOB
Votes
- March 17, 1999, Senate: Ought to Pass — voice vote, passed
The Docket
- January 28, 1999: Introduction and referring to Banks 1/28/99
- March 10, 1999: Hearing, 3/10/99, Room 103, LOB, 8:30 a.m
- March 16, 1999: Committee Report, Ought to Pass, 3/17/99
- March 17, 1999: OTP, MA, VV; OT3rdg, MA, VV
- March 25, 1999: Introduced and ref to Commerce; HJ33, p687
- March 25, 1999: Copy to Chairman on 3/25/1999 due on
- May 4, 1999: Hearing May 4 2:00 Rm302,LOB
- May 19, 1999: Subcom work session May 19 9:30 Rm302,LOB
- June 15, 1999: Maj Report OTP for June 22 (vote 12-3;CC)
- June 22, 1999: Passed; HJ73, p1873 + 1931
- June 29, 1999: Enrolled Am{1891}, adopted; See Permanent Journal
- July 1, 1999: Enrolled Am {1891}, MA, VV
- July 1, 1999: Enrolled; HJ77, p2091
- July 1, 1999: Enrolled
- July 9, 1999: Signed by the Governor on 7/9/1999 Eff: 1/1/2000 Chap. 0248