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MO HB587

Bill

Status

Passed

6/22/2015

Primary Sponsor

Tony Dugger

Click for details

Origin

House of Representatives

2015 Regular Session

AI Summary

  • Investigation fees for money transmitter licenses increase from $100 to $300, with annual license fees and license amendment fees also increasing from $100 to $300

  • Annual license fees for financing institutions and sales finance companies increase from $300 to $500 per place of business

  • Annual registration fees for premium finance companies increase from $300 to $500, with fees for material change filings increasing from $100 to $300

  • Annual registration fees for consumer credit lenders increase from $300 to $500, and credit services organization filing fees increase from $100 to $300

  • Director of the Division of Finance may establish biennial licensing arrangements, though fees remain payable only one year at a time

Legislative Description

Modifies provisions relating to licensing fees paid to the Division of Finance by entities and persons licensed under the Missouri Sale of Checks Law, credit service organizations, and consumer credit lenders

Last Action

Delivered to Secretary of State (G)

6/22/2015

Committee Referrals

Governmental Accountability and Fiscal Oversight4/27/2015
Select Committee on Financial Institutions and Taxation2/10/2015
Banking1/27/2015

Full Bill Text

No bill text available