Archive: Lending

  • State Power to Regulate Lending Act March 15, 2013

    State Power to Regulate Lending Act Summary The State Power to Regulate Lending Act preempts local ordinances enacted by a political subdivision of this state that govern the originating, granting, servicing or collecting of loans. It prohibits political subdivisions from [...]

  • Title Pledge Act March 15, 2013

    Title Pledge Act Summary This Act will provide for statewide licensing of title pledge lenders, including examination standards. The goal of this legislation is to reinforce title pledge lenders’ financial responsibility to the public. Model Legislation Section 1. {Short Title} [...]

  • Loan Originators Voluntary Registration March 15, 2013

    Loan Originators Voluntary Registration Section 1. {Purpose, Title} Establishes an optional loan originator registration program within the Secretary of State’s (SOS) Office. Section 2. {Definitions} In this article, unless the context otherwise requires: A. “Loan originator”: 1. Means a natural [...]

  • Access to Financial Services for Unbanked and Underbanked Consumers March 15, 2013

    Access to Financial Services for Unbanked and Underbanked Consumers WHEREAS, there is a substantial population of American consumers that do not have access to traditional sources of consumer credit or banking services, and WHEREAS, consumers that do not have or [...]

  • Credit Enhancement Loan Act March 15, 2013

    Credit Enhancement Loan Act Summary An act relating to banking and finance, creating the Credit Enhancement Loan Act; to provide for legislative intent; purposes; definitions; licensing of lenders; penalties for violations; fees payable; requirements necessary for issuance of a license; [...]