Bills › 90th General Assembly
HSB 32
Where it is now
- Done: IntroducedJanuary 17, 2023
- Done: SubcommitteeJanuary 17, 2023
- Done: House committeeJanuary 24, 2023
- Skipped: Passes the HouseContinued as HF 133
- Next: Senate committee
- Next: Passes the Senate
- Next: To the Governor
- Next: Signed into law
Became HF 133 → Its progress continues under the new number. Go to HF 133 What’s a funnel?
What’s in it
AI summary When someone pays off their car loan early, the bank only has to tell the car dealer that the loan is finished. The dealer is then responsible for checking if the customer is owed money back for their extra debt protection. If a refund is owed, the dealer must send it to the customer.1
Read the official explanation
This bill relates to motor vehicle debt cancellation coverage refunds. The bill provides that the only obligation that a financial institution which purchases retail installment contracts with voluntary debt cancellation coverage has upon prepayment in full is to notify the relevant motor vehicle dealer within days of a payment in full of an installment contract. The dealer shall determine whether the consumer is entitled to a refund of voluntary debt cancellation coverage and issue the refund within days of notice.
House subcommittee
Named January 17, 2023. On January 18, 2023 it recommended passage. Vote Total: 3-0.
Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part
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90th General Assembly