summary
Introduced
02/22/2019
02/22/2019
In Committee
03/09/2019
03/09/2019
Crossed Over
03/01/2019
03/01/2019
Passed
Dead
04/25/2019
04/25/2019
Introduced Session
2019 Regular Session
Bill Summary
Eliminate pre-established loan products
AI Summary
This bill prohibits the practice of unsolicited loan checks or transfers, where a person extends consumer credit by making an unsolicited transfer of funds to the consumer's credit or asset account, or through the consumer's use of an unsolicited check, negotiable instrument, or other means of initiating an electronic fund transfer. The bill makes any resulting credit agreement or debt void, and prohibits the reporting or collection of such debt. The bill also provides that violations of this section are considered unfair trade practices. The bill specifies that it does not apply to banks, credit unions, or other financial institutions.
Committee Categories
Business and Industry, Justice
Sponsors (1)
Last Action
(S) Died in Standing Committee (S) Judiciary (on 04/25/2019)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://laws.leg.mt.gov/legprd/LAW0210W$BSIV.ActionQuery?P_BILL_NO1=622&P_BLTP_BILL_TYP_CD=HB&Z_ACTION=Find&P_SESS=20191 |
| BillText | https://leg.mt.gov/bills/2019/HB0699/HB0622_3.pdf |
| BillText | https://leg.mt.gov/bills/2019/HB0699/HB0622_2.pdf |
| BillText | https://leg.mt.gov/bills/2019/HB0699/HB0622_1.pdf |
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