Virginia House Bill 176 (Prior Session Legislation)

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Spectrum: Unknown
Status: Introduced on December 26 2007 - 25% progression, died in chamber
Action: 2008-02-05 - House: Incorporated by Commerce and Labor (HB12-Oder) by voice vote

Payday Loan Act; database. Requires the State Corporation Commission, by January 1, 2009, to certify and contract with one or more third parties to develop, implement, and maintain an Internet-accessible database, and requires payday lenders to query the database prior to making any loan to determine whether an applicant is eligible for the loan. Fifty cents may be charged to defray the costs of using the database. The proceeds from the fees shall be used only for the payment of the expenses of the administration of the Payday Loan Act and of the performance of other functions of the Bureau of Financial Institutions. This bill was incorporated into

Payday Loan Act; requires SCC to contract with one or more parties to develop, etc. database.

No sponsor information available at this time.

Date	Chamber	Action
2008-02-05		House: Incorporated by Commerce and Labor (HB12-Oder) by voice vote
2007-12-26		House: Referred to Committee on Commerce and Labor
2007-12-26		House: Prefiled and ordered printed; offered 01/09/08 081051776

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?081+sum+HB176