Bill Summary for S 679 (2015-2016)

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Summary date: 

Apr 15 2015
S.L. 2015-179

Bill Information:

View NCGA Bill Details2015-2016 Session
Senate Bill 679 (Public) Filed Thursday, March 26, 2015
AN ACT TO PROVIDE FOR THE RECOVERY OF COURT COSTS AND RELATED COSTS UPON VOLUNTARY DISMISSAL AT THE REQUEST OF A BORROWER OF AN ACTION TO RECOVER PAYMENTS DUE UNDER A LOAN GRANTED UNDER THE NORTH CAROLINA CONSUMER FINANCE ACT OR UPON REDUCTION OF A LOAN MADE UNDER THE ACT TO JUDGMENT; TO CLARIFY THE MULTIPLE LOAN LIMITATIONS UNDER THE ACT; TO CLARIFY THE STATUTE RELATED TO WHETHER OR NOT BORROWERS ARE MEMBERS OF THE MILITARY PRIOR TO MAKING LOANS UNDER THE ACT; AND TO MAKE TECHNICAL AND CONFORMING CHANGES TO THE ACT.
Intro. by Gunn, Newton, D. Davis.

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Bill summary

Senate committee substitute makes the following changes to the 1st edition.

Changes the long title.

Amends proposed GS 53-177(e) making technical and clarifying changes.

Amends GS 53-180.1(a), changing the term military service member to covered military service member. Also changes references to the company-level commander in subsection (b) to Commanding Officer or Executive Officer. 

Makes clarifying changes.