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House passes HB30 to broaden consumer sales protections; amendment adds non‑depository lenders
Summary
The Utah House approved House Bill 30, expanding consumer sales protections to cover certain endorsements and extending coverage to reputable non‑depository small‑loan firms, with members agreeing the Department of Financial Institutions would regulate payday‑style lenders included under the amendment.
The Utah House approved House Bill 30, consumer sales practice act amendments, following floor debate and a sponsor‑offered amendment.
Representative Kaiser brought HB30 to the floor, saying the bill sought to make illegal certain practices allowing third parties to cash checks and complete endorsements tied to contracts for services. Representative Hogue offered Amendment No. 1 (dated 01/20/2005) to ensure that smaller, reputable lenders and payday‑type operations that are regulated by the Department of Financial Institutions are not inadvertently excluded. Hogue said the amendment was intended to cover small non‑depository lenders that extend credit but lack a depository relationship.
Representatives questioned whether payday and car‑title lenders would be covered; the sponsor and amendment proponent confirmed the amendment applies to firms that fall under state regulation by the Department of Financial Institutions. Representative Hutchings asked specifically whether paycheck and payday loan organizations would be included; the sponsor replied that those regulated by the department would be.
The amendment passed by voice vote. Summation on the bill was waived and the House recorded the final vote: HB30 received 74 yes, 0 no. The bill passed the House and will be transmitted to the Senate for further consideration.
The action now moves the measure into the Senate rules and committee process; no further procedural deadlines were announced on the House floor.
