VA HB1817 | 2017 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 9 2017 - 25% progression, died in committee
Action: 2017-02-08 - Left in Commerce and Labor
Pending: House Commerce and Labor Committee
Text: Latest bill text (Prefiled) [HTML]
Status: Introduced on January 9 2017 - 25% progression, died in committee
Action: 2017-02-08 - Left in Commerce and Labor
Pending: House Commerce and Labor Committee
Text: Latest bill text (Prefiled) [HTML]
Summary
Consumer finance loans; rate of interest. Increases, from $2,500 to $4,000, the threshold under which consumer finance loans are subject to a maximum interest rate of 36 percent per year. Under this measure, a licensed consumer finance lender may charge interest (i) of not more than 36 percent on loans of $4,000 or less and (ii) at such rate as is stated in the loan contract on loans of more than $4,000.
Title
Consumer finance loans; rate of interest.
Sponsors
| Del. C.E. Hayes [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2017-02-08 | House | Left in Commerce and Labor |
| 2017-01-26 | House | Subcommittee recommends laying on the table by voice vote |
| 2017-01-17 | House | Assigned C & L sub: Special Sub-Consumer Lending |
| 2017-01-09 | House | Referred to Committee on Commerce and Labor |
| 2017-01-09 | House | Prefiled and ordered printed; offered 01/11/17 17102179D |
Subjects
Code Citations
Virginia State Sources
| Type | Source |
|---|---|
| Summary | https://lis.virginia.gov/cgi-bin/legp604.exe?171+sum+HB1817 |
| Text | https://lis.virginia.gov/cgi-bin/legp604.exe?171+ful+HB1817+hil |
