(6) A deferred deposit lender may not collect additional interest or fees on a deferred
deposit loan, except for the fee imposed under Subsection (3)(c)(ii), from a person who
has been charged 10 weeks interest and defaults under the extended payment plan
described in Subsection (1)(c).
The motion passed unanimously with Rep. Duckworth, Rep. Froerer, and Rep. Stanard absent for
the vote.
Rep. Dunnigan distributed a handout titled "Stop the Cycle of Debt!" and explained the bill to the
committee.
Spoke for the bill: Tracy Ward, QC Holdings
Paul Allred, Deputy Commissioner, Department of Financial Institutions
MOTION: Rep. Peterson moved to pass out favorably H.B. 127. The motion passed
unanimously with Rep. Duckworth, Rep. Froerer, and Rep. Stanard absent for the vote.
H.B. 115 Condominium and Community Association Lien Amendments (Rep. C.
Moss)