republic-os/legislation/us/states/in/2024/sb-220.md

type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags

type	title	description	jurisdiction	legislature	session	identifier	citation	classification	subjects	status	primary_sponsors	version_count	action_count	vote_count	first_action	last_action	source	source_identifier	source_url	source_hash	vintage	source_snapshot	retrieved_at	confidence	tags
Bill	Financial institutions and consumer credit.	Provides that a reference to federal law in: (1) the first lien mortgage lending act; (2) the Uniform Consumer Credit Code; or (3) the Indiana Code title governing financial institutions; is a reference to the law as in effect December 31, 2023 (rather than December 31, 2022, under current law). Amends Indiana Code provisions concerning accounting practices for credit unions to reflect a new accounting standard that replaces the allowance for loan and lease losses accounting methodology with the allowance for credit losses methodology, as required by the Financial Accounting Standards Board. Establishes a new chapter in the Indiana Code article containing general provisions with respect to financial institutions to require corporations (defined as certain financial institutions organized or reorganized under Indiana law) to notify the director of the department of financial institutions of a reportable cyber incident or notification incident in accordance with the same procedures required by the corporation's federal supervisory authority or federal insurer.	us/states/in	Indiana General Assembly	2024	SB 220	Indiana SB 220 (2024)	bill	AGENCIES; Department of Financial Institutions (DFI) AGENCIES; Generally FINANCIAL SERVICES; Financial Institutions FINANCIAL SERVICES; Investments and Securities PROFESSIONAL AND OCCUPATIONAL LICENSING; Finance Industry TECHNOLOGY; Cyber Security Data Privacy and Identity Theft TRADE REGULATIONS; Consumer Credit and Consumer Protection (Including the Uniform Consumer Credit Code (UCCC))	enacted	Eric Bassler Jake Teshka Spencer Deery	4	22	2	2024-01-09	2024-03-11	openstates	ocd-bill/a2d20769-9aa6-4d36-a2ec-8294868e1645	https://api.iga.in.gov/2024/bills/sb0220	ef7324048da5055851ddd2e28b8292432936eb8b7d96cb4007d56bb68b6cae89	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-in

Indiana SB 220 (2024) — Financial institutions and consumer credit.

Provides that a reference to federal law in: (1) the first lien mortgage lending act; (2) the Uniform Consumer Credit Code; or (3) the Indiana Code title governing financial institutions; is a reference to the law as in effect December 31, 2023 (rather than December 31, 2022, under current law). Amends Indiana Code provisions concerning accounting practices for credit unions to reflect a new accounting standard that replaces the allowance for loan and lease losses accounting methodology with the allowance for credit losses methodology, as required by the Financial Accounting Standards Board. Establishes a new chapter in the Indiana Code article containing general provisions with respect to financial institutions to require corporations (defined as certain financial institutions organized or reorganized under Indiana law) to notify the director of the department of financial institutions of a reportable cyber incident or notification incident in accordance with the same procedures required by the corporation's federal supervisory authority or federal insurer.

Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. Enrolled Senate Bill (S) (committee substitute) — source
2. Introduced Senate Bill (S) (committee substitute) — source
3. Senate Bill (H) (committee substitute) — source
4. Senate Bill (S) (committee substitute) — source

Votes

• SB 220 - Bassler - 3rd Reading — 47–1 (pass) · upper
• SB 220 - Teshka - 3rd Reading — 94–0 (pass) · lower

Sponsors

• Eric Bassler — primary (person)
• Jake Teshka — primary (person)
• Spencer Deery — primary (person)
• Mike Speedy — cosponsor (person)
• Scott Baldwin — coauthor (person)

Timeline

The legislative action history — every referral, reading, and vote.

• 2024-01-09 Authored by Senator Bassler
• 2024-01-09 First reading: referred to Committee on Insurance and Financial Institutions reading-1, referral-committee
• 2024-01-18 Committee report: amend do pass, adopted committee-passage
• 2024-01-22 Second reading: ordered engrossed reading-2
• 2024-01-22 Senator Deery added as second author
• 2024-01-23 Third reading: passed; Roll Call 24: yeas 47, nays 1 passage, reading-3, reading-3
• 2024-01-23 House sponsor: Representative Speedy
• 2024-01-23 Senator Baldwin added as coauthor
• 2024-01-24 Referred to the House referral
• 2024-02-06 First reading: referred to Committee on Financial Institutions reading-1, referral-committee
• 2024-02-22 Committee report: do pass, adopted committee-passage
• 2024-02-26 Representative Teshka added as sponsor
• 2024-02-26 Representative Speedy removed as sponsor
• 2024-02-26 Representative Speedy added as cosponsor
• 2024-02-26 Second reading: ordered engrossed reading-2
• 2024-02-27 Third reading: passed; Roll Call 231: yeas 94, nays 0 passage, reading-3, reading-3
• 2024-02-28 Returned to the Senate without amendments receipt
• 2024-03-04 Signed by the President Pro Tempore passage
• 2024-03-07 Signed by the Speaker passage
• 2024-03-08 Signed by the President of the Senate passage
• 2024-03-11 Signed by the Governor executive-signature
• 2024-03-11 Public Law 30 became-law

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/a2d20769-9aa6-4d36-a2ec-8294868e1645. Confidence: reported (aggregated from official Indiana legislature records).