VA SB164 | 2014 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on December 31 2013 - 25% progression, died in chamber
Action: 2014-02-10 - Passed by indefinitely in Commerce and Labor (12-Y 3-N)
Text: Latest bill text (Prefiled) [HTML]
Status: Introduced on December 31 2013 - 25% progression, died in chamber
Action: 2014-02-10 - Passed by indefinitely in Commerce and Labor (12-Y 3-N)
Text: Latest bill text (Prefiled) [HTML]
Summary
Payday loans; permitted interest. Repeals provisions of the Payday Loan Act that authorize lenders to charge a loan fee or verification fee, thereby limiting permissible charges on payday loans to simple interest at a maximum annual rate of 36 percent.
Title
Payday loans; permitted interest.
Sponsors
Sen. Mamie Locke [D] |
Roll Calls
2014-02-10 - Senate - Senate: Passed by indefinitely in Commerce and Labor (12-Y 3-N) (Y: 12 N: 3 NV: 0 Abs: 0) [PASS]
History
Date | Chamber | Action |
---|---|---|
2014-02-10 | Senate | Passed by indefinitely in Commerce and Labor (12-Y 3-N) |
2014-01-17 | Senate | Assigned C&L sub: Payday Loans |
2013-12-31 | Senate | Referred to Committee on Commerce and Labor |
2013-12-31 | Senate | Prefiled and ordered printed; offered 01/08/14 14102234D |
Subjects
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
6 | 2 | 1816 | (n/a) | See Bill Text |
6 | 2 | 1817 | (n/a) | See Bill Text |
6 | 2 | 1818 | (n/a) | See Bill Text |