SB437Introduced in the Senate
Enacts provisions relating to Internet consumer lenders. (BDR 55-951)
Introduced by Commerce and Labor
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
AN ACT relating to financial services; setting forth certain requirements for a contract between an Internet consumer lender and a resident of this State for the provision of a loan; authorizing an Internet consumer lender to apply for a license to engage in the business of lending for an office or place of business located outside this State without having a license for an office or place of business located inside this State; exempting Internet consumer lenders from provisions prohibiting a person from conducting the business of making loans in the same office or place of business as any other business; and providing other matters properly relating thereto.
Where it stands
Approved by the Governor. Chapter 91. (Effective October 1, 2025)
May 28, 2025
How did lawmakers vote?
Assembly votes
1 recorded vote · each counted separately
Senate votes
1 recorded vote · each counted separately
AssemblyStage: Assembly Final Passage · May 21, 2025
42
Yes
0
No
0
Absent or Not Voting
42 assemblymembers recorded in this Assembly 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 assemblymember voted
| Assemblymember | District | Vote |
|---|---|---|
| Daniele Monroe-Moreno | 1 | Yes |
| Heidi Kasama | 2 | Yes |
| Selena Torres-Fossett | 3 | Yes |
| Lisa Cole | 4 | Yes |
| Brittney Miller | 5 | Yes |
| Jovan Jackson | 6 | Yes |
| Tanya Flanagan | 7 | Yes |
| Duy Nguyen | 8 | Yes |
| Steve Yeager | 9 | Yes |
| Venise Karris | 10 | Yes |
Bill history
Read first time. Referred to Committee on Commerce and Labor. To printer.
From printer. To committee.
From committee: Amend, and do pass as amended.
Placed on Second Reading File.
Read second time. Amended. (Amend. No. 325.)
Reprinting dispensed with.
Read third time. Passed, as amended. Title approved. (Yeas: 20, Nays: 1.) To printer.
From printer. To engrossment. Engrossed. First reprint.
To Assembly.
In Assembly.
Read first time. Referred to Committee on Commerce and Labor. To committee.
From committee: Do pass.
Read second time.
Read third time. Passed. Title approved. (Yeas: 42, Nays: None.) To Senate.
In Senate.
To enrollment.
Enrolled and delivered to Governor.
Approved by the Governor. Chapter 91. (Effective October 1, 2025)
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