A SENATE RESOLUTION honoring Senator Erin Houchin upon her retirement from the Indiana Senate.
Amends the Uniform Consumer Credit Code to provide that the authorized loan finance charge for a consumer loan, other than a supervised loan, that is entered into after June 30, 2022, may not exceed 36% (versus 25% for a consumer loan that is entered into before July 1, 2022) per year on the unpaid balances of the principal. Amends the definition of "supervised loan" to mean a consumer loan that: (1) is entered into before July 1, 2022, and with respect to which the rate of the loan finance charge exceeds the authorized 25% annual rate for consumer loans under current law; or (2) is entered into after June 30, 2022, and is made in accordance with the requirements for supervised loans set forth in the bill. Sets forth requirements and limitations with respect to the following for supervised loans made after June 30, 2022: (1) Authorized fees and charges. (2) The maximum principal amount. (3) The minimum and maximum lengths of the loan term. (4) Information and disclosures to be included in the loan contract. (5) A borrower's right to rescind a supervised loan transaction. Provides that when a borrower enters into a supervised loan, the lender shall provide the borrower with a pamphlet approved by the department of financial institutions (department) that describes: (1) the availability of debt management and credit counseling services; (2) the borrower's rights and responsibilities; and (3) the availability of the 211 telephone dialing code for human services information and referrals. Sets forth prohibited acts and practices in connection with a supervised loan. Provides that a lender may not take a security interest in real or personal property in connection with a supervised loan, other than a security interest in a personal check of the borrower. Specifies the applicability of the bill's provisions to supervised loans made by persons exempt from: (1) the bill's finance charge limitations; and (2) licensure by the department. Requires a lender that makes at least one supervised loan in Indiana during a calendar year to remit to the department: (1) an annual fee of $250; and (2) an additional fee of $250 per Indiana branch location (after the first location). Establishes the consumer financial education fund (fund), and provides that the annual fees collected from lenders making supervised loans are to be deposited in the fund. Provides that the fund is to be: (1) administered by the department; and (2) used by the department for paying expenses relating to consumer financial education. Requires a person that enters into at least one supervised loan transaction in Indiana in any calendar year to file with the department a report concerning the person's business and operations with respect to that calendar year. Requires the director of the department to prescribe: (1) the time and manner for filing the report; and (2) the information to be included in the report. Requires the department to publish and make available to the public, at least annually, an analysis of the information provided in the reports filed with the department. Sets forth the information that must be included in the department's analysis. Makes conforming amendments to existing references to supervised loans throughout the Indiana Code.
A SENATE RESOLUTION honoring Senator Tim Lanane for his years of service to the Indiana State Senate and Senate District 25.
A SENATE RESOLUTION honoring Senator Ron Grooms upon his retirement from the Indiana Senate.
Specifies services to be included as part of a covered colorectal cancer screening for policies of accident and sickness insurance and health maintenance organization (HMO) contracts. Defines "follow-up colonoscopy". Provides that a policy of accident and sickness insurance or HMO contract must cover: (1) a colorectal cancer screening test assigned either an "A" or "B" grade by the United States Preventive Services Task Force; and (2) A follow up colonoscopy if the result of a non-invasive colorectal cancer screening test with an "A" or "B" grade from the United States Preventive Services Task Force is positive. Provides that a high deductible health plan may impose a deductible requirement for a follow-up colonoscopy if these colorectal cancer screening requirements would be inconsistent with Internal Revenue Code provisions concerning high deductible health plans.
Allows an authorized property and casualty insurance company to provide group property and casualty insurance to a religious not-for-profit association consisting of at least 10 religious not-for-profit organizations that have a relationship to one another in a common denomination, association, affiliation, or fellowship.
A CONCURRENT RESOLUTION recognizing Judge Edward W. Najam, Jr., for his 30 years of service on the Indiana Court of Appeals.
A CONCURRENT RESOLUTION urging Governor Eric Holcomb and the Indiana Economic Development Corporation to explore a sister-state agreement with Narok County, Kenya.
Provides that Medicaid, a policy of accident and sickness insurance, and a health maintenance organization contract may not require prior authorization for a non-opioid prescription drug that is approved by the federal Food and Drug Administration for opioid withdrawal symptoms.
A SENATE RESOLUTION memorializing the life of Zachary Steven Eckert.
