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House committee advances HB 182 after amendments on consumer protections and loan reporting
Summary
A House committee voted 8-2 to favorably report House Bill 182 as amended, adopting changes that add an affirmative defense modeled on CFPB language, remove a provision granting attorney's fees, require loan-default reporting to regulators, and change consumer-payment language.
A House committee voted 8-2 to favorably report House Bill 182 as amended, approving a package of changes lawmakers said clarify defenses for covered entities and expand reporting to improve regulators’ visibility into loan defaults.
Representative Hillier, who offered four amendments during the committee’s fourth hearing, said one change "creates an affirmative defense, mirroring language from the CFPB." He described that amendment as intended to bring statutory language in line with court definitions and to…
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