2021 House Bill 5429

Revise car loan detail

Introduced in the House

Oct. 20, 2021

Introduced by Rep. Andrew Beeler (R-83)

To update and revise a law governing car loans that include vehicle "guaranteed asset protection waivers," where a borrower pays extra for the lender to cancel or waive the amount owed on a car loan if the vehicle is wrecked or stolen.

Referred to the Committee on Regulatory Reform

May 10, 2022

Reported without amendment

With the recommendation that the substitute (H-2) be adopted and that the bill then pass.