S116 GENERAL BILL by Bullard
Debtors and Collectors [CPSC]; Requires lenders or creditors to verify
the identity of persons applying for a loan, credit card, or extension
of credit. Provides that the knowing and willful use of personal
identifying information of another individual creates a rebuttable
presumption. Provides for the forfeiture of indebtedness for failure of
the lender or creditor to verify an applicant's identity. EFFECTIVE
10/05/09 SENATE Filed
12/09/09 SENATE Referred to Banking and Insurance; Judiciary
03/02/10 SENATE Introduced, referred to Banking and Insurance; Judiciary
04/30/10 SENATE Died in Committee on Banking and Insurance
In addition to the above Bill History information, the Division of Legislative
Information publishes a brief Bill Summary (PDF) for the Senate bill AS ORIGINALLY FILED.
Check the Bill Analyses section below for detailed analyses, if available, prepared by the
Senate's professional committee staff.