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HB420
Rep(s). By Representative Martin HB420 ENROLLED, An Act, To specifically authorize and regulate
guaranteed asset protection waivers related to motor vehicle loans; to define terms; to provide
for enforcement and civil penalties by the Superintendent of Banks; and for this purpose to
add Chapter 37 to Title 8, Code of Alabama 1975. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:
Section 1. Chapter 37 is added to Title 8, Code of Alabama 1975, to read as follows: CHAPTER
37. ยง8-37-1. (a) The purpose of this act is to define guaranteed asset protection waivers
(GAP waivers) and to provide that GAP waivers may be offered within this state. (b) This act
does not apply to either of the following: (1) An insurance policy offered by an insurer under
the insurance laws of this state. (2) A debt cancellation or debt suspension contract being
offered by a federally regulated financial institution operating under 12 CFR Part 37 or a
credit union operating under 12 CFR Part 721 or other federal law;...
alisondb.legislature.state.al.us/alison/searchableinstruments/2017RS/bills/HB420.htm - 13K - Match Info - Similar pages
SB327
183080-4:n:03/15/2017:FC/tgw LRS2017-980R3 SB327 By Senator Chambliss RFD Banking and Insurance
Rd 1 16-MAR-17 SYNOPSIS: Under existing law, guaranteed asset protection waivers are not regulated.
The term generally refers to an agreement or contract related to the financing of motor vehicles
which protect the borrower for the balance due on a loan when the motor vehicle is totalled
or stolen and the casualty insurance payment or other payments are not sufficient to cover
the total loan balance. This bill would specifically authorize guaranteed asset protection
waivers and regulate the transactions. The Superintendent of Banks would be granted authority
to assess a civil penalty for violations. A BILL TO BE ENTITLED AN ACT To specifically authorize
and regulate guaranteed asset protection waivers related to motor vehicle loans; to define
terms; to provide for enforcement and civil penalties by the Superintendent of Banks; and
for this purpose to add Chapter 37 to Title 8, Code of...
alisondb.legislature.state.al.us/alison/searchableinstruments/2017RS/bills/SB327.htm - 14K - Match Info - Similar pages
HB343
183080-2:n:03/01/2017:FC/mfc LRS2017-980R1 HB343 By Representative Martin RFD Financial Services
Rd 1 02-MAR-17 SYNOPSIS: Under existing law, guaranteed asset protection waivers are not regulated.
The term generally refers to an agreement or contract related to the financing of motor vehicles
which protect the borrower for the balance due on a loan when the motor vehicle is totalled
or stolen and the casualty insurance payment or other payments are not sufficient to cover
the total loan balance. This bill would specifically authorize guaranteed asset protection
waivers and regulate the transactions. The Superintendent of Banks would be granted authority
to assess a civil penalty for violations. A BILL TO BE ENTITLED AN ACT To specifically authorize
and regulate guaranteed asset protection waivers related to motor vehicle loans; to define
terms; to provide for enforcement and civil penalties by the Superintendent of Banks; and
for this purpose to add Chapter 37 to Title 8, Code of...
alisondb.legislature.state.al.us/alison/searchableinstruments/2017RS/bills/HB343.htm - 12K - Match Info - Similar pages
SB123
SB123 ENGROSSED By Senators Marsh, McClendon, Glover, Whatley, Waggoner, Shelnutt, Pittman,
Dial, Allen, Williams, Albritton and Melson A BILL TO BE ENTITLED AN ACT To amend Sections
16-6D-3, 16-6D-4, 16-6D-6, 16-6D-8, and 16-6D-9, Code of Alabama 1975, relating to Alabama
Accountability Act of 2013; to provide further for definitions; to make income tax credits
available to trusts and estates; to increase the cap on income tax credits for donations to
scholarship granting organizations; to create a credit against utility gross receipts tax
liability for donations to scholarship granting organizations; to establish procedures for
claiming a credit against the utility gross receipts tax; to require scholarship granting
organizations to obtain audited financial statements annually; and to require the Department
of Revenue or its agent to perform an audit of each scholarship granting organization at least
triennially. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:Section 1. Sections...
alisondb.legislature.state.al.us/alison/searchableinstruments/2017RS/bills/SB123.htm - 62K - Match Info - Similar pages
SB385
SB385 ENGROSSED By Senator Orr A BILL TO BE ENTITLED AN ACT Relating to the Alabama Transportation
Infrastructure Bank; to amend Sections 23-7-2, 23-7-6, 23-7-7, 23-7-9, 23-7-11, 23-7-14, 23-7-15,
23-7-17, 23-7-18, 23-7-19, 23-7-20, and 23-7-21, Code of Alabama 1975, and to add Sections
23-7-29, 23-7-30 and 23-7-31 to the Code of Alabama 1975, to further provide for the definitions
of government unit, permitted investments, qualified borrower, and qualified project; to provide
further for the exercise of the powers of the bank; to provide for the appropriation and pledge
of certain gasoline tax revenues, motor vehicle license taxes and registration fees, diesel
fuel tax revenues, motor carrier tax revenues, and identification marker fees to capitalize
the bank and for the bank to carry out its purposes; to provide for the administration of
the bank; to provide that a pledge of the revenues of the bank to secure its bonds or other
financial assistance would continue until such...
alisondb.legislature.state.al.us/alison/searchableinstruments/2017RS/bills/SB385.htm - 37K - Match Info - Similar pages
HB533
184733-1:n:04/17/2017:LLR/tj LRS2017-1315 HB533 By Representatives Pettus, Wood, Rowe and Harper
RFD Judiciary Rd 1 18-APR-17 SYNOPSIS: Under existing law, an operator of a motor vehicle
is required to carry within the vehicle evidence of liability insurance. This bill would provide
that a nonresident may not operate or permit another person to operate in the State of Alabama
a motor vehicle registered to him or her unless the nonresident maintains the financial responsibility
which conforms to the requirements of the laws of the state in which the vehicle is registered
and would require the nonresident to carry within the motor vehicle evidence of liability
insurance. A BILL TO BE ENTITLED AN ACT To amend Sections 32-7A-4, 32-7A-5, and 32-7A-6, Code
of Alabama 1975, relating to mandatory automobile liability insurance, to provide that a nonresident
may not operate or permit another person to operate in the State of Alabama a motor vehicle
registered to him or her without proof of...
alisondb.legislature.state.al.us/alison/searchableinstruments/2017RS/bills/HB533.htm - 13K - Match Info - Similar pages
HB530
182263-4:n:04/17/2017:FC/mfc LRS2017-649R3 HB530 By Representative Wilcox RFD Transportation,
Utilities and Infrastructure Rd 1 18-APR-17 SYNOPSIS: Under existing law, the Alabama Transportation
Infrastructure Bank was established pursuant to Act 2015-50. Various sources of funding were
authorized to capitalize the bank including revenue from one cent of the gasoline tax and
a portion of the revenue from the license and registration fees on trucks and truck tractors.
The bank is authorized to make loans to units of government to construct, operate, or own
transportation projects. The bank is authorized to raise funds for qualified projects by the
issuance of bonds. At the current time, funding has not been made available to capitalize
the bank. This bill would further provide for the Alabama Transportation Infrastructure Bank.
The bill authorizes additional tax revenue to be pledged to pay and secure revenue bonds issued
by the bank as determined by the Director of Transportation and...
alisondb.legislature.state.al.us/alison/searchableinstruments/2017RS/bills/HB530.htm - 35K - Match Info - Similar pages
SB406
185759-1:n:04/25/2017:PMG/tj LRS2017-1877 SB406 By Senator Whatley RFD Finance and Taxation
General Fund Rd 1 27-APR-17 SYNOPSIS: Under existing law, a health benefit plan is required
to offer coverage for the treatment of Autism Spectrum Disorder for a child age nine or under
for certain defined group insurance plans and contracts. This bill would require health benefit
plans to cover the treatment of Autism Spectrum Disorder for all insureds under certain insurance
plans and contracts, subject to a maximum annual benefit and subject to insurance premiums
not increasing by more than a certain percentage as a result of covering this treatment. This
bill would require the Department of Insurance to file an annual report with the Legislature
on the costs of providing treatment for Autism Spectrum Disorder. This bill would also require
the Alabama Medicaid program and the Children's Health Insurance Plan (ALL Kids) to provide
coverage for the treatment of Autism Spectrum Disorder. A BILL...
alisondb.legislature.state.al.us/alison/searchableinstruments/2017RS/bills/SB406.htm - 23K - Match Info - Similar pages
HB177
181269-1:n:01/26/2017:MA/mfc LRS2016-3600 HB177 By Representatives Pettus, Hanes, Mooney, Greer,
Fridy, Patterson and Williams (JW) RFD Ways and Means Education Rd 1 09-FEB-17 SYNOPSIS: Under
existing law, the State Employees' Health Insurance Plan and the Public Education Employees'
Health Insurance Plan are governed by the State Employees' Insurance Board (SEIB) and the
Public Education Employees' Health Insurance Board (PEEHIB), respectively. This bill would
create a new board, titled the Public Employees' Health Insurance Board (PEHIB), to govern
these two health insurance plans. This bill would provide for the membership of the board,
election and qualifications of certain members, and terms for appointed and elected members.
This bill would provide that all references to the State Employees' Insurance Board and the
Public Education Employees' Health Insurance Board in state law be amended to reference the
Public Employees' Health Insurance Board. This bill would allow the new...
alisondb.legislature.state.al.us/alison/searchableinstruments/2017RS/bills/HB177.htm - 141K - Match Info - Similar pages
SB249
182044-2:n:02/13/2017:FC/tgw LRS2017-585R1 SB249 By Senators Dial, Whatley, Ward, Livingston,
Waggoner, Shelnutt, Albritton, Holley, Beasley and Smith RFD Banking and Insurance Rd 1 28-FEB-17
SYNOPSIS: Under existing law, the Alabama Small Loan Act authorizes licensed lenders to make
loans up to $1,000 subject to interest rates and charges provided by law. This bill would
authorize licensed lenders under the act to make loans up to $1500 and adjust the interest
rates for loans based on the lending authority. This bill would also provide a minimum three-month
term on loans and a maximum term of 18 months. A BILL TO BE ENTITLED AN ACT Relating to the
Alabama Small Loan Act; to amend Sections 5-18-4, 5-18-10, 5-18-13, and 5-18-15, Code of Alabama
1975, to increase the lending authority and further provide for the interest rates; and to
provide further for the minimum and maximum term of loans. BE IT ENACTED BY THE LEGISLATURE
OF ALABAMA:Section 1. Sections 5-18-4, 5-18-10, 5-18-13, and...
alisondb.legislature.state.al.us/alison/searchableinstruments/2017RS/bills/SB249.htm - 24K - Match Info - Similar pages
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