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House committee restores bill to floor to allow premium-finance companies to pass card processing fees to borrowers
Summary
A Calendar and Rules committee on Tuesday voted 17–3 to return Senate Bill 0766 / House Bill 0772 to the House floor after sponsor Representative Powers said the bill would explicitly allow premium‑finance companies to accept electronic payments, including credit cards, and to pass actual third‑party processing costs to the borrower.
A Calendar and Rules committee on Tuesday voted 17–3 to return Senate Bill 0766 / House Bill 0772 to the House floor after sponsor Representative Powers said the bill would explicitly allow premium‑finance companies to accept electronic payments, including credit cards, and to pass actual third‑party processing costs to the borrower.
The measure also permits a premium‑finance company to collect a one‑time bad‑check fee, Representative Powers told the committee during the item on the committee calendar.
The vote to…
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