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Senate Study Bill 90

Bill Text

PAG LIN
  1  1    Section 1.  Section 535.15, subsections 4 and 5, Code 1997,
  1  2 are amended by striking the subsections.
  1  3    Sec. 2.  Section 12.27, Code 1997, is repealed.  
  1  4                           EXPLANATION
  1  5    This bill strikes language mandating that the treasurer of
  1  6 state receive and publicize interest rate and fee information
  1  7 associated with open-end credit and credit cards offered by
  1  8 certain financial institutions.  The bill also strikes
  1  9 language requiring financial institutions which accept
  1 10 applications from persons residing in this state to disclose
  1 11 such information to the treasurer of state.  Financial
  1 12 institutions accepting such applications would still be
  1 13 required to disclose the information, but the specific manner
  1 14 as to how such disclosure would be made is not established.  
  1 15 LSB 1823SC 77
  1 16 mj/sc/14
     

Text: SSB00089                          Text: SSB00091
Text: SSB00000 - SSB00099               Text: SSB Index
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