Bill
Bill > H0585
ID H0585
ID H0585Amends existing law to revise the licensing requirements for regulated lenders and payday lenders and to revise administrative and civil remedies for persons offering consumer credit.
summary
Introduced
03/02/2020
03/02/2020
In Committee
03/03/2020
03/03/2020
Crossed Over
Passed
Dead
03/20/2020
03/20/2020
Introduced Session
2020 Regular Session
Bill Summary
COMMERCIAL TRANSACTIONS -- Amends existing law to revise the licensing requirements for regulated lenders and payday lenders and to revise administrative and civil remedies for persons offering consumer credit.
AI Summary
This bill amends existing law to revise the licensing requirements for regulated lenders and payday lenders, and to revise administrative and civil remedies for persons offering consumer credit. Specifically, the bill allows the administrator to order a person to cease and desist from violations of the Idaho Credit Code without prior notice or hearing, and provides the administrator with enhanced civil enforcement authority, including the ability to impose civil penalties and seek restitution. The bill also updates the licensing requirements for regulated lenders and payday lenders, including changes to application and renewal procedures.
Committee Categories
Business and Industry, Justice
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Ways and Means Committee (House)
Last Action
Reported Printed and Referred to Business (on 03/03/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://legislature.idaho.gov/sessioninfo/2020/legislation/H0585/ |
| BillText | https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2020/legislation/H0585.pdf |
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