SENATE BILL NO. 39                                                                                                            
                                                                                                                                
     "An Act  relating to loans  in an amount of  $25,000 or                                                                    
     less; relating  to the Nationwide  Multistate Licensing                                                                    
     System  and  Registry;  relating  to  deferred  deposit                                                                    
     advances; and providing for an effective date."                                                                            
                                                                                                                                
6:37:09 PM                                                                                                                    
                                                                                                                                
SENATOR FORREST  DUNBAR, SPONSOR,  offered a  brief overview                                                                    
of the bill.                                                                                                                    
                                                                                                                                
Co-Chair Foster  noted that Representative Stapp  had joined                                                                    
the meeting.                                                                                                                    
                                                                                                                                
Representative Bynum  wondered why  they state  would choose                                                                    
to remove a  free-market option for the  public, i.e. Payday                                                                    
Loans.                                                                                                                          
                                                                                                                                
Representative Dunbar  responded that there  were additional                                                                    
products  available. He  referenced previous  testimony that                                                                    
spoke  to  the  financial  harms  from  payday  lenders.  He                                                                    
believed  the free-market  products might  be marketed  more                                                                    
aggressively than Wells Fargo,  and often ensnared borrowers                                                                    
in a cycle  of debt.  He  was hopeful that there  could be a                                                                    
market-based   solution,   meanwhile  citizens   should   be                                                                    
protected.                                                                                                                      
                                                                                                                                
6:41:36 PM                                                                                                                    
                                                                                                                                
Co-Chair  Schrage MOVED  CS for  SB39(FIN),  work draft  24-                                                                    
LS0357\I,  Gunther, 4/3/25,  from committee  with individual                                                                    
recommendations and attached fiscal notes.                                                                                      
                                                                                                                                
Representative   Stapp   OBJECTED   for   the   purpose   of                                                                    
discussion.                                                                                                                     
                                                                                                                                
Representative Stapp WITHDREW the objection.                                                                                    
                                                                                                                                
There being no further objection, it was so ordered.