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IntroducedFeb 06, 2025
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Passed Senate
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Passed House
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Signed into Law
AN ACT CONCERNING CONSUMER CREDIT AND COMMERCIAL FINANCING. To: (1) Require cancellations of certain surety bonds to be submitted electronically; (2) modify procedures regarding changes to the legal names of certain licensees; (3) redefine "sales finance company"; (4) establish procedures for registering as an exempt mortgage servicer registrant; (5) establish requirements regarding private student education loan cosigner releases; (6) establish enforcement authority regarding registrants; (7) prohibit receiving fees in connection with small loans without a license; (8) redefine "mortgage servicer" and "servicing"; (9) define "private education lender" and "private education loan creditor"; (10) establish requirements regarding timelines and fees for certain registrants that are exempt from licensing; (11) modify various statutes relating to commercial financing; (12) modify registration and enforcement procedures regarding private education lenders and private education loan creditors; (13) require certain disclosures in connection with shared appreciation agreements; (14) make technical changes to various statutes regarding consumer credit; and (15) redefine "system".
Last Action See all actions
Senate • Feb 07, 2025: Public Hearing 02/13
Latest Bill Text See all bill texts
Summary/Bill Text
Comments on SB 1257
Tweets
Whip Lists
Sponsors
- Banking Committeeprimary
Votes
Actions
- Feb 07, 2025 | Senate
- Public Hearing 02/13
- Feb 06, 2025 | Senate
- Referred to Joint Committee on Banking
Bill Texts
Documents