FINANCIAL REG-FEES-INVESTIGATE

Summary

HB 5384 eliminates the requirement that the state regulator conduct an annual investigation of each currency‑exchange business and stops the yearly cost‑review report. Instead, it authorizes the regulator to charge fees to cover the cost of overseeing currency exchanges, sales‑finance agencies, consumer installment loans, safety‑deposit licenses, debt‑management services, debt‑settlement protection, and payday‑loan reforms. The change is meant to fund oversight without the mandated investigations.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share