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HB 686

Enacted
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Financial Regulation - Modernizing Licensing of Non-Depository Institutions and Elimination of Branch License Requirements

Sponsor: Pam Queen (District 14)Committee: Economic MattersSubject: Financial InstitutionsStatus: Approved by the Governor - Chapter 567 (as of Nov 9, 2023)

What this bill does

Official synopsis

Eliminating requirements for collection agencies and certain non-depository financial institutions to maintain separate licenses for branch locations and authorizing them to conduct business at multiple licensed locations under a single license; and altering certain other requirements and provisions governing the licensing and regulation of collection agencies and certain non-depository financial institutions, including applications, assessments, and bond requirements.

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Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.

Testimony (9)

MGA witness list
FAV 9Favorable
PositionWitnessOrganizationTestimony
FAVDiPietro, ChrisCDi Consulting Services, L.L.C.Oral
FAVSalazar, AntonioOffice of the Commissioner of Financial RegulationOral
FAVSalazar, AntonioOffice of the Commissioner of Financial RegulationOral
FAVHennen, AmyOffice of the Commissioner of Financial Regulation, Department of LaborWritten (PDF)
FAVHennen, AmyOffice of the Commissioner of Financial Regulation, Department of LaborWritten (PDF)
FAVDelegate Queen, Delegate QueenlegislatorIndividualOral
FAVDelegate Queen, Delegate QueenlegislatorIndividualOral
FAVQueen, PamelaIndividualOral + Written (PDF)
FAVQueen, PamelaIndividualWritten (PDF)

Organizations on record