Territorial application of the UCCC.
Summary
Amends the provision in the Uniform Consumer Credit Code (UCCC) concerning the territorial application of the UCCC to provide that a sale, lease, or loan transaction occurs in Indiana if the creditor, a person acting on behalf of the creditor, or an assignee of the creditor's rights under the transaction has advertised, solicited, offered, made, brokered, arranged, or guaranteed sales, leases, or loans in Indiana by any means, regardless of whether the creditor, the person acting on behalf of the creditor, or the assignee of the creditor has a physical location in Indiana. (Existing law does not: (1) include the offering, making, brokering, arranging, or guaranteeing of a consumer sale, lease, or loan transaction in Indiana as among the specified actions that qualify a consumer sale, lease, or loan transaction as occurring in Indiana; (2) specify that a sale, lease, or loan transaction occurs in Indiana if the assignee of a creditor's rights under the transaction takes the specified actions in Indiana; or (3) specify that the creditor, a person acting on behalf of the creditor, or an assignee of the creditor need not have a physical location in Indiana for a consumer sale, lease, or loan to be considered to occur in Indiana.)
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2020
Committee Review
Floor Vote
Governor
Introduced Jan 7, 2020
Last action Jan 7, 2020
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
0
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
CC
Chris Chyung
DDemocratic
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