Although HB0236 introduces only a technical amendment, it reflects the General Assembly's efforts to maintain the integrity of state laws regarding financial products aimed at consumers. By ensuring that laws are clear and precise, the bill aims to contribute to consumer protections and proper regulatory practices within the realm of business loans. It also reinforces the legislative body’s commitment to addressing any ambiguities that could arise from outdated terminology.
Summary
House Bill 0236 seeks to amend the Tax Refund Anticipation Loan Reform Act. The bill primarily makes a technical change concerning the short title of the existing law. This amendment is part of routine improvements made to legislative texts to ensure clarity and precise understanding. The impact of this change is minimal on the current practices surrounding tax refund anticipation loans but is designed to keep the legal language updated and relevant.
Contention
There are no notable points of contention surrounding HB0236 as it primarily involves clarifying legislation without changing the substantive provisions of existing law. This type of technical amendment typically garners little debate, as it does not impact the regulatory framework or consumer rights. However, it is essential for the ongoing maintenance of legislative documents, ensuring all laws reflect the current understanding of terminology in financial contexts.