VA HB1324 | 2016 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 7-0)
Status: Introduced on January 21 2016 - 25% progression, died in committee
Action: 2016-02-16 - Left in Commerce and Labor
Pending: House Commerce and Labor Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 21 2016 - 25% progression, died in committee
Action: 2016-02-16 - Left in Commerce and Labor
Pending: House Commerce and Labor Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Maximum interest and fees on loans. Caps the amount of fees and interest that a lender may collect on a payday loan, car title loan, open-end credit plan loan, and consumer finance loan at 500 percent of the principal loan amount.
Title
Loans; maximum amount of interest and fees permitted.
Sponsors
| Sen. Lamont Bagby [D] | Sen. Jennifer Boysko [D] | Del. Patrick Hope [D] | Del. Kaye Kory [D] |
| Del. Joesph Lindsey [D] | Del. Delores McQuinn [D] | Del. Marcus Simon [D] |
Roll Calls
2016-02-04 - House - House: Subcommittee recommends laying on the table (7-Y 0-N) (Y: 7 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2016-02-16 | House | Left in Commerce and Labor |
| 2016-02-04 | House | Subcommittee recommends laying on the table (7-Y 0-N) |
| 2016-01-26 | House | Assigned C & L sub: Special Sub-Consumer Lending |
| 2016-01-21 | House | Referred to Committee on Commerce and Labor |
| 2016-01-21 | House | Presented and ordered printed 16104095D |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 6 | 2 | 1520 | (n/a) | See Bill Text |
| 6 | 2 | 1817 | (n/a) | See Bill Text |
| 6 | 2 | 2216 | (n/a) | See Bill Text |
| 6 | 2 | 312 | (n/a) | See Bill Text |
