MA S143

Bill

Relative to unsolicited loans

Introduced
01/23/2017

In Committee
03/19/2018

Crossed Over

Passed

Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

For legislation relative to unsolicited loans. Consumer Protection and Professional Licensure.

AI Summary

This bill amends the General Laws of Massachusetts to add a new chapter, Chapter 140F, to provide consumer protection against unsolicited loan instruments. The key provisions include: prohibiting the issuance of unsolicited loan instruments, exempting addressees from liability for unauthorized use of such instruments, requiring the issuing institution to take steps to repair any adverse credit effects, prohibiting the financial institution from transferring funds from the addressee's account to cover the debt, and establishing criminal penalties for knowingly sending unsolicited loan instruments. The bill also authorizes the Commissioner of Banks to adopt rules and regulations to implement the new chapter and designates violations as unfair or deceptive acts under the state's consumer protection law, Chapter 93A.

Committee Categories

Budget and Finance, Labor and Employment

Sponsors (4)

Linda Campbell (D), Eric Lesser (D), Jason Lewis (D), Kathleen O'Connor Ives (D),

Last Action

New draft substituted, see S2357 (on 03/22/2018)

Official Document

https://malegislature.gov/Bills/190/S143

(13 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/190/S143
Bill	https://malegislature.gov/Bills/190/S143.pdf

Bill	Bill Name	Last Action	Type
H1728	Relating to consumer protections in the sale and usage of propane gas	Accompanied a study order, see H4651	Similar To
H185	Providing security to consumers for purchases from certain vendors	Accompanied a study order, see H4638	Similar To
H344	Relative to consumer protection and home care services agencies	Accompanied a study order, see H4659	Similar To
H35	Relative to enhancing consumer protection with respect to unclaimed property	Accompanied a study order, see H4785	Similar To
H503	Relative to providing consumer protection in the licensing of appraisers	Accompanied a study order, see H4778	Similar To
H519	Relative to consumer protection following a bankruptcy	Accompanied a study order, see H4778	Similar To
H556	Providing additional consumer protections in the repair of damaged motor vehicles	Accompanied a study order, see H4778	Similar To
S116	Protecting the privacy of consumer financial information	Bill reported favorably by committee and referred to the committee on Senate Ways and Means	Similar To
S123	Protecting consumers from unsolicited loans	Hearing scheduled for 09/26/2017 from 01:00 PM-04:00 PM in B-1	Similar To
S127	To protect consumers with automobile leases	Bill reported favorably by committee and referred to the committee on Senate Ways and Means	Similar To
S1845	Relative to protecting consumers of gas and electricity from paying for leaked and unaccounted for gas	Accompanied a study order, see S2498	Similar To
S2336	Protecting consumers by prohibiting blocking, throttling, or paid prioritization in the provision of internet service	New draft substituted, see S2610	Similar To
S2357	Relative to unsolicited loans	No further action taken	Replaced by

Bill

Bill Name

Last Action

Type

H1728

Relating to consumer protections in the sale and usage of propane gas

Accompanied a study order, see H4651

Similar To

H185

Providing security to consumers for purchases from certain vendors

Accompanied a study order, see H4638

Similar To

H344

Relative to consumer protection and home care services agencies

Accompanied a study order, see H4659

Similar To

H35

Relative to enhancing consumer protection with respect to unclaimed property

Accompanied a study order, see H4785

Similar To

H503

Relative to providing consumer protection in the licensing of appraisers

Accompanied a study order, see H4778

Similar To

H519

Relative to consumer protection following a bankruptcy

Accompanied a study order, see H4778

Similar To

H556

Providing additional consumer protections in the repair of damaged motor vehicles

Accompanied a study order, see H4778

Similar To

S116

Protecting the privacy of consumer financial information

Bill reported favorably by committee and referred to the committee on Senate Ways and Means

Similar To

S123

Protecting consumers from unsolicited loans

Hearing scheduled for 09/26/2017 from 01:00 PM-04:00 PM in B-1

Similar To

S127

To protect consumers with automobile leases

Bill reported favorably by committee and referred to the committee on Senate Ways and Means

Similar To

S1845

Relative to protecting consumers of gas and electricity from paying for leaked and unaccounted for gas

Accompanied a study order, see S2498

Similar To

S2336

Protecting consumers by prohibiting blocking, throttling, or paid prioritization in the provision of internet service

New draft substituted, see S2610

Similar To

S2357

Relative to unsolicited loans

No further action taken

Replaced by

Bill > S143

MA S143

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (4)

Last Action

Official Document

bill text

bill summary

bill summary

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