Virginia Senate Bill 1038 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 4 2017 - 25% progression, died in chamber
Action: 2017-01-16 - Passed by indefinitely in Commerce and Labor (12-Y 2-N)
Text: Latest bill text (Prefiled) [HTML]

Open-end credit plans. Prohibits any person licensed to make motor vehicle title loans from engaging in the extension of credit under an open-end credit plan. The measure also prohibits a third party from engaging in the extension of credit under an open-end credit plan at any office, suite, room, or place of business where a person licensed to make payday loans or motor vehicle title loans conducts the business of making payday loans or motor vehicle title loans. Currently, licensed payday lenders are prohibited from extending credit under an open-end credit plan, and a third party is prohibited from extending credit under an open-end credit plan at a location where a licensed payday lender makes payday loans.

Open-end credit plans.

Sen. Mamie Locke [D]

2017-01-16 - Senate - Senate: Passed by indefinitely in Commerce and Labor (12-Y 2-N) (Y: 12 N: 2 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2017-01-16	Senate	Passed by indefinitely in Commerce and Labor (12-Y 2-N)
2017-01-04	Senate	Referred to Committee on Commerce and Labor
2017-01-04	Senate	Prefiled and ordered printed; offered 01/11/17 17102178D

Chapter	Article	Section	Citation Type	Statute Text
6	2	312	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?171+sum+SB1038
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?171+ful+SB1038+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?171+vot+S02V0018+SB1038