republic-os/legislation/us/states/in/2020/hb-1353.md

---
type: "Bill"
title: "Financial institutions and consumer credit."
description: "Makes various changes to the statutes concerning: (1) first lien mortgage lenders; (2) persons licensed under the Uniform Consumer Credit Code (UCCC); (3) civil proceeding advance payment providers; (4) debt management companies; (5) banks; (6) credit unions; (7) pawnbrokers; (8) money transmitters; and (9) licensed cashers of checks. Repeals a provision in the statute governing credit unions that concerns loans made by a credit union to the credit union's individual directors and committee members. Amends a provision in the statute governing credit unions that concerns loans made by a credit union to the credit union's individual officers to: (1) include extensions of credit made to the credit union's individual directors and supervisory committee members (and to the immediate family members and related interests of the credit union's individual directors and supervisory committee members); and (2) specify that such extensions of credit shall be made in accordance with Regulation O of the Board of Governors of the Federal Reserve System. Provides that an appraisal required in connection with a real estate mortgage loan to a credit union member must be: (1) a written appraisal; or (2) a written estimate of market value; consistent with the appraisal standards and transaction value limitations set forth in the appraisal regulations of the National Credit Union Administration."
jurisdiction: "us/states/in"
legislature: "Indiana General Assembly"
session: "2020"
identifier: "HB 1353"
citation: "Indiana HB 1353 (2020)"
classification: ["bill"]
subjects: ["FINANCIAL INSTITUTIONS", "CONSUMER CREDIT AND PROTECTION (including UCCC)"]
status: "enacted"
primary_sponsors: ["Andy Zay", "Eric Bassler", "Woody Burton"]
version_count: 4
action_count: 26
vote_count: 2
first_action: "2020-01-15"
last_action: "2020-03-30"
source: "openstates"
source_identifier: "ocd-bill/5f3d6a6a-46a0-40bf-a292-ec09a2cfbc52"
source_url: "http://iga.in.gov/legislative/2020/bills/house/1353"
source_hash: "5da5024a6bfb48f7491bee2b769a4a754947ec8c232c0173a5bb80fa97a6c7cd"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-in"]
---

# Indiana HB 1353 (2020) — Financial institutions and consumer credit.

Makes various changes to the statutes concerning: (1) first lien mortgage lenders; (2) persons licensed under the Uniform Consumer Credit Code (UCCC); (3) civil proceeding advance payment providers; (4) debt management companies; (5) banks; (6) credit unions; (7) pawnbrokers; (8) money transmitters; and (9) licensed cashers of checks. Repeals a provision in the statute governing credit unions that concerns loans made by a credit union to the credit union's individual directors and committee members. Amends a provision in the statute governing credit unions that concerns loans made by a credit union to the credit union's individual officers to: (1) include extensions of credit made to the credit union's individual directors and supervisory committee members (and to the immediate family members and related interests of the credit union's individual directors and supervisory committee members); and (2) specify that such extensions of credit shall be made in accordance with Regulation O of the Board of Governors of the Federal Reserve System. Provides that an appraisal required in connection with a real estate mortgage loan to a credit union member must be: (1) a written appraisal; or (2) a written estimate of market value; consistent with the appraisal standards and transaction value limitations set forth in the appraisal regulations of the National Credit Union Administration.

## Version chain

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

1. **Enrolled House Bill (H)** (committee substitute) — [source](http://in-proxy.openstates.org/2020/bills/HB1353/versions/HB1353.04.ENRS)
2. **House Bill (H)** (committee substitute) — [source](http://in-proxy.openstates.org/2020/bills/HB1353/versions/HB1353.03.COMS)
3. **House Bill (S)** (committee substitute) — [source](http://in-proxy.openstates.org/2020/bills/HB1353/versions/HB1353.02.COMH)
4. **Introduced House Bill (H)** (committee substitute) — [source](http://in-proxy.openstates.org/2020/bills/HB1353/versions/HB1353.01.INTR)

## Votes

- HB 1353 - Burton - 3rd Reading — **92–0** (pass) · lower
- HB 1353 - Bassler - 3rd Reading — **48–0** (pass) · upper

## Sponsors

- Andy Zay — primary (person)
- Eric Bassler — primary (person)
- Woody Burton — primary (person)
- Carey Hamilton — coauthor (person)
- Chris Chyung — coauthor (person)
- J.D. Ford — cosponsor (person)
- Robert Heaton — coauthor (person)

## Timeline

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

- **2020-01-15** Authored by Representative Burton
- **2020-01-15** First reading: referred to Committee on Financial Institutions `reading-1, referral-committee`
- **2020-01-28** Committee report: amend do pass, adopted `committee-passage`
- **2020-01-29** Representative Chyung added as coauthor
- **2020-01-30** Second reading: ordered engrossed `reading-2`
- **2020-01-30** Representatives Hamilton and Heaton added as coauthors
- **2020-02-03** Senate sponsor: Senator Bassler
- **2020-02-03** Third reading: passed; Roll Call 167: yeas 92, nays 0 `reading-3, passage`
- **2020-02-04** Referred to the Senate
- **2020-02-17** First reading: referred to Committee on Insurance and Financial Institutions `reading-1, referral-committee`
- **2020-02-17** Senator Zay added as second sponsor
- **2020-02-17** Senator Ford J.D. added as cosponsor
- **2020-02-27** Committee report: amend do pass, adopted `committee-passage`
- **2020-03-02** Second reading: ordered engrossed `reading-2`
- **2020-03-03** Third reading: passed; Roll Call 315: yeas 48, nays 0 `reading-3, passage`
- **2020-03-04** Returned to the House with amendments `amendment-failure`
- **2020-03-05** Motion to dissent filed
- **2020-03-05** Senate conferees appointed: Bassler and Ford J.D.
- **2020-03-05** Senate advisors appointed: Zay and Breaux
- **2020-03-09** Motion to concur filed
- **2020-03-10** Signed by the Speaker
- **2020-03-10** House concurred in Senate amendments; Roll Call 346: yeas 92, nays 0 `amendment-failure`
- **2020-03-12** Signed by the President Pro Tempore
- **2020-03-18** Signed by the President of the Senate
- **2020-03-18** Signed by the Governor `executive-signature`
- **2020-03-30** Public Law 129

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/5f3d6a6a-46a0-40bf-a292-ec09a2cfbc52`. Confidence: reported (aggregated from official Indiana legislature records).