04/08/19 -- HB 815 -- Increases the max duration of credit transactions subject to certain regulations

Bill Number: 
HB 815
Bill Purpose: 
Increases the max duration of credit transactions subject to certain regulations
Date of Vote: 
04/08/19
My Vote: 
Yes
Explanation: 

HB 815, introduced by Representative John Black (Republican - District 137) increases the time period that insurance policies that are written in connection with a loan can run before they are subject to regulation.  The current time period is 10 years - this bill increases that to 15 years.

I admit I'm not 100% sure what the motivation behind this bill is, however it is clearly reducing regulation, which is generally a safe bet.