HB99 Alabama 2018 Session
Bill Summary
Existing law provides that if a guaranteed asset protection waiver is canceled due to early termination of the finance agreement, the creditor, administrator, or other authorized party shall provide any refund due to a borrower within 60 days of termination without requiring the borrower to request cancellation of the waiver
This bill would extend the refund period to 120 days
To amend Section 8-37-6 as added to the Code of Alabama 1975, by Act 2017-392 (Acts 2017, 2017 Regular Session) relating to guaranteed asset protection waivers; to require a creditor or the administrator or retail seller of a motor vehicle to provide, within 120 days of termination, any refund due to a borrower if a guaranteed asset protection waiver is canceled due to early termination of the finance agreement without requiring the borrower to request cancellation of the waiver.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| February 22, 2018 | H | Farley intended to vote Nay |
| February 22, 2018 | H | Motion to Read a Third Time and Pass lost Roll Call 471 |
| February 22, 2018 | H | Lost in house of origin |
| January 25, 2018 | H | Read for the second time and placed on the calendar |
| January 9, 2018 | H | Read for the first time and referred to the House of Representatives committee on Financial Services |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | January 24, 2018 | Room 428 at 09:00 | House FS Hearing |
| Hearing | January 17, 2018 | Room 428 at 09:00 | House FS Hearing |
| Hearing | January 17, 2018 | Room 428 at 09:30 | House FS Hearing |
| Hearing | February 15, 2017 | Room 429 at 09:00 | House SG Hearing |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB99 Alabama 2018 Session - Introduced |
| Bill Amendments | House Agriculture and Forestry first Substitute Offered |