SB881Introduced in the Senate
Financial Institutions and Activities - Licensing Requirements and Regulation of Commercial Financing
Introduced by Benjamin Kramer, District 19
What does this bill do?
Plain-English breakdown
Writing a plain-English summary of this bill… this can take a few seconds the first time.
Official description
Regulating commercial financing transactions, including by establishing requirements related to certain disclosures, calculations of annual percentage rates, terms of repayments, and other related items, and the extension of specific offers; providing that the revocation, suspension, surrender, or other termination of a certain license does not relieve a person of the obligation to pay certain assessments imposed by the Commissioner of Financial Regulation; etc.
Where it stands
Hearing 3/31 at 1:00 p.m.
March 24, 2026
How did lawmakers vote?
SenateStage: Third Reading Passed · March 20, 2026
42
Yes
0
No
5
Absent or Not Voting
47 senators recorded in this Senate vote. Colors show vote categories only, not whether a vote was good or bad.
What do people think?
Citizen Voice
How would you vote on this bill?
An unofficial public opinion poll. It does not affect the bill or the official vote.
One response per device. Location is self-reported and not verified. Results are informal and not a scientific survey.
See how each senator voted
| Senator | District | Vote |
|---|---|---|
| Mike McKay | 1 | Yes |
| Paul Corderman | 2 | Yes |
| Karen Lewis Young | 3 | Yes |
| William Folden | 4 | Absent |
| Justin Ready | 5 | Yes |
| Johnny Salling | 6 | Yes |
| J.B. Jennings | 7 | Yes |
| Carl Jackson | 8 | Yes |
| Katie Hester | 9 | Yes |
| Benjamin Brooks | 10 | Yes |
Bill history
First Reading Finance
Hearing 2/27 at 1:00 p.m.
Favorable with Amendments Report by Finance
Favorable with Amendments {803427/1 Adopted
Second Reading Passed with Amendments
Third Reading Passed (42-0)
Referred Economic Matters
Hearing 3/31 at 1:00 p.m.
Verify the information
Our commitment to neutrality
We provide factual information only. We never tell you which politicians or bills to support, and we do not rank, score, or endorse anyone.