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Chair presents bill to consolidate consumer lending laws; hearing held to allow clarifying amendment
Summary
At a legislative committee hearing the chair presented Senate Bill 169, a recodification that consolidates consumer lending definitions into a new code title and is not intended to change policy. The committee will hold the bill to allow a clarifying amendment to preserve agency rule references.
At a legislative committee hearing, the chair presented Senate Bill 169, describing it as a consolidation of consumer lending laws into a new code title rather than a change in policy, and the committee agreed to hold the bill to allow a clarifying amendment.
The chair said the bill "is really just a consolidation bill... it's not designed to make any policy changes, in any way," and explained lawmakers found overlapping definitions scattered across multiple code titles that made the law difficult to read and use. The chair said the recodification…
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