Assembly Bill 311
Payday loans
Topics: Financial Institutions, Department of, Small loan, State agencies
Stopped in committee
It had a but no committee vote, so it never came up for a vote. To try again, a lawmaker would have to start a new bill.
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Introduced, passed
Jun 8, 2009
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Committee, stopped here
Stopped here. It had a hearing but no committee vote.
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Assembly vote, not reached
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Senate vote, not reached
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Governor, not reached
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Law, not reached
Latest entry in the official record, Apr 28, 2010: “Failed to pass pursuant to ”
It sat with the Assembly Committee on Financial Institutions.
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Terms on this page
Committee
A small group of lawmakers that looks at a bill first. Most bills never leave committee.
Public hearing
A meeting where anyone can speak to a committee about a bill, or send written comments.
Senate Joint Resolution 1
The session's calendar. Any bill not passed by its last voting day dies.
Official term: Failed to pass pursuant to SJR 1. More in the glossary
Legislative Reference Bureau
The Legislature's nonpartisan office that drafts bills and writes the summary at the top of each one.
Official term: LRB analysis. More in the glossary
Author
A lawmaker who formally puts a bill forward. The text itself is drafted by the Legislative Reference Bureau.
Official term: Author, coauthor. More in the glossary
Signed on in support
Lawmakers who back a bill without being one of its authors, often from the other chamber.
Official term: Cosponsor. More in the glossary
What it would have done
Summary by the , the Legislature's nonpartisan drafting office. It's their wording, not ours.
Under current law, a lender other than a bank, savings bank, savings and loan association, or credit union generally must obtain a license from the Department of Financial Institutions (DFI) to assess a finance charge greater than 18 percent per year. This type of lender is generally referred to as a "licensed lender." A licensed lender must have a separate license for each place of business it maintains.
This bill creates certain requirements applicable to payday loan transactions.
Read the full summary Show less
Under the bill, a "payday loan provider" is a licensed lender that makes payday loans.
A "payday loan" is a transaction between an individual with an account at a financial establishment and the payday loan provider in which the provider agrees to either:
1) accept from the individual a check, hold the check for at least three days before negotiating it, and before negotiating the check pay the individual an agreed amount; or 2) accept the individual's authorization to initiate an electronic fund transfer (EFT) from the individual's account, wait for at least three days before initiating the EFT, and before initiating the EFT pay the individual an agreed amount. A payday loan provider may not make a payday loan in a principal amount that exceeds $800 or 50 percent of the applicant's next paycheck, whichever is greater. The bill also limits a consumer's ability to "rollover" a payday loan. The bill defines "rollover" as the refinancing, renewal, amendment, or extension of a payday loan. Under the bill, a payday loan provider may enter into no more than one rollover of a consumer's payday loan and, before entering into such a rollover, the consumer must make payment, applied to the existing payday loan, that reduces the outstanding balance on the existing payday loan by at least 50 percent.
The bill also prohibits DFI, or any other state agency, from establishing or maintaining a database of individuals who enter into payday loans.
Who's behind it
4 representatives are its . All 4 are Democrats.
1 more lawmaker .
See all 5 names Hide the names
Authors (4)
- Annette Williams · Democrat, Assembly
- Pedro Colon · Democrat, Assembly
- David Cullen · Democrat, Assembly
- Josh Zepnick · Democrat, Assembly
Signed on in support (1)
- Jeffrey Plale · Democrat, Senate
What happened
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Apr 28, 2010
The session ended, and the bill died with it.
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Oct 7, 2009
The committee held a public hearing.
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Jun 8, 2009
Sent to the Assembly Committee on Financial Institutions.
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Jun 8, 2009
Introduced in the Assembly.
See the official record, word for word Hide the official record
- Jun 8, 2009 · Assembly
Introduced by Representatives Zepnick, Colon, A. Williams and Cullen;Cosponsored by Senator Plale
- Jun 8, 2009 · Assembly
Read first time and referred to committee on Financial Institutions
- Oct 7, 2009 · Assembly
Public hearing held
- Apr 28, 2010 · Assembly
Failed to pass pursuant to Senate Joint Resolution 1
Terms on this page
Committee
A small group of lawmakers that looks at a bill first. Most bills never leave committee.
Public hearing
A meeting where anyone can speak to a committee about a bill, or send written comments.
Senate Joint Resolution 1
The session's calendar. Any bill not passed by its last voting day dies.
Official term: Failed to pass pursuant to SJR 1. More in the glossary
Legislative Reference Bureau
The Legislature's nonpartisan office that drafts bills and writes the summary at the top of each one.
Official term: LRB analysis. More in the glossary
Author
A lawmaker who formally puts a bill forward. The text itself is drafted by the Legislative Reference Bureau.
Official term: Author, coauthor. More in the glossary
Signed on in support
Lawmakers who back a bill without being one of its authors, often from the other chamber.
Official term: Cosponsor. More in the glossary
From the Wisconsin Legislature's official record, checked Sep 15, 2026. See the source
Committee
A small group of lawmakers that looks at a bill first. Most bills never leave committee.
Public hearing
A meeting where anyone can speak to a committee about a bill, or send written comments.
Senate Joint Resolution 1
The session's calendar. Any bill not passed by its last voting day dies.
Official term: Failed to pass pursuant to SJR 1
Legislative Reference Bureau
The Legislature's nonpartisan office that drafts bills and writes the summary at the top of each one.
Official term: LRB analysis
Signed on in support
Lawmakers who back a bill without being one of its authors, often from the other chamber.
Official term: Cosponsor