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State Legislative Update: Electronic Lien Release Bill Moves Forward

A bill that would benefit credit unions and credit union members has moved forward in the state capitol.  HB 524 would allow credit unions to electronically release a lien on a motor vehicle. David Kent, director of state legislative affairs for the Missouri Credit Union Association, testified in support of the bill during the Banking Standing Committee on February 2. Members of the House Select Committee on Financial Institutions and Taxation voted it out of committee on February 5.    

The bill permits the director of the department of revenue to adopt rules and regulations allowing specified motor vehicle or trailer lienholders to electronically release a lien.  It received unanimous support from the ten member select committee.  It now can move to the House floor for debate, but must first be assigned to the House calendar.  A time for debate on the House floor has not yet been set. 

"Credit unions already have the ability to file a lien electronically and it makes sense to allow them to electronically release the lien," says Kent.  "HB 524 will help streamline the lien process and make it easier, faster and less expensive to release a lien.  This will benefit both credit unions and credit union members."

Photo:  Rep. Tony Dugger (R-District 141) is the sponsor of HB 524.

'Ban the Box' Bill Heard in Senate Committee

The Senate's Small Business Committee heard Senator Jamilah Nasheed's (D-District 5) SB 44 this week.  It's aim is to limit the circumstances in which an employer can inquire about a job applicant's criminal history.  Initially the bill would have applied to both public and private sector, but it's been modified to only apply to the public sector.

MCUA Advocacy was on hand during the hearing, but did not provide information to the committee.  A number of similar bills have been filed this year and MCUA will continue to track each bill throughout session.

Bills You Want to Know About

Click here for an overview of the bills with potential impact to credit unions.  MCUA provides information each week, with regular updates as more bills are introduced and tracked.

For more information on any of the above, please contact Amy McLard or David Kent.