Senate Sponsors: O'MALLEY. House Sponsors: MEYER 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 END OF INQUIRY Full Text Bill Status