92nd General Assembly
Summary of SB0862
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Short description: 
DFI FEES-EXAMINATIONS                                                      

Synopsis of Bill as introduced:
        Amends the Currency Exchange Act, the Sales Finance  Agency  Act,      
   and  the  Consumer  Installment  Loan Act.  Provides that license fees      
   under those Acts must not only be  paid,  but  also  received  by  the      
   Department  of  Financial  Institutions  by  the  date  specified  for      
   payment.   Provides that licensees under the Consumer Installment Loan      
   Act must maintain a bond in the amount of $25,000 rather than  $1,000.      
   Authorizes  the  Department  to fine licensees under the Sales Finance      
   Agency Act.   Provides  that  if  ownership  of  a  currency  exchange      
   changes,  a  new  investigation  fee  or  licensee  fee  must be paid.      
   Authorizes the Department to conduct investigations under the Currency      
   Exchange Act with other state and federal agencies.                         
          FISCAL NOTE (Department of Financial Institutions)                   
          SB 862 would have a minimal fiscal impact on the Department.         
Last action on Bill: PUBLIC ACT.............................. 92-0398

   Last action date: AUG-16-2001

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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