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  • Introduced
    Feb 06, 2025
  • Passed Senate
  • Passed House
  • Signed into Law
SB 1257
Connecticut Senate Bill
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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 • May 13, 2025: Favorable Report, Tabled for the Calendar, Senate
Senate Calendar: Senate Calendar, May 19, 2025
Position: 146

Summary/Bill Text

Comments on SB 1257

Tweets

Whip Lists

Sponsors
Votes
YES: 12
  • Doucette J
  • Miller P
  • Delnicki T
  • Berthel E
  • Santos F
  • Honig P
  • Baker A
  • Foster J
  • Hochadel J
  • Gee F
  • Hoxha J
  • Gaiewski D

NO: 0

    ABSENT: 1
    • Aniskovich C

    YES: 40
    • Winfield G
    • Osborne M
    • Stafstrom S
    • Pavalock-D'Amato C
    • Flexer M
    • Perillo J
    • Gadkar-Wilcox S
    • Quinn M
    • Fazzino J
    • Rahman M
    • Kissel J
    • Roberts K
    • Fishbein C
    • Rutigliano D
    • Blumenthal M
    • Simms T
    • Veach D
    • Cabrera J
    • Walker T
    • Callahan P
    • Wilson D
    • Cicarella P
    • DeCaprio M
    • Delany H
    • Dillon P
    • Doucette J
    • Dubitsky D
    • Elliott J
    • Gaston H
    • Gilchrest J
    • Godfrey B
    • Howard G
    • Jacobson J
    • Johnson D
    • Khan M
    • LaMark Muir R
    • Lesser M
    • Maher C
    • Miller P
    • O'Dea T

    NO: 0

      ABSENT: 1
      • Brown M

      Actions
      • May 13, 2025 | Senate
        • Filed with Legislative Commissioners' Office (LCO)
        • Reported Out of Legislative Commissioners' Office (LCO)
        • No New File by Committee on Judiciary
        • Favorable Report, Tabled for the Calendar, Senate
      • May 12, 2025 | Senate
        • Joint Favorable (JUD)
      • May 08, 2025 | Senate
        • Referred by Senate to Committee on Judiciary
        • Immediate Transmittal
      • Mar 24, 2025 | Senate
        • Reported Out of Legislative Commissioners' Office (LCO)
        • Favorable Report, Tabled for the Calendar, Senate
        • Senate Calendar Number 146
        • File Number 181 (LCO)
      • Mar 17, 2025 | Senate
        • Referred to Office of Legislative Research and Office of Fiscal Analysis 03/24/25 12:00 PM (LCO)
      • Mar 06, 2025 | Senate
        • Joint Favorable (BA)
        • Filed with Legislative Commissioners' Office (LCO)
      • Feb 07, 2025 | Senate
        • Public Hearing 02/13
      • Feb 06, 2025 | Senate
        • Referred to Joint Committee on Banking