VA HB188 | 2010 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 7 2010 - 25% progression, died in committee
Action: 2010-02-16 - House: Left in Commerce and Labor
Pending: House Commerce and Labor Committee
Text: Latest bill text (Prefiled) [HTML]
Status: Introduced on January 7 2010 - 25% progression, died in committee
Action: 2010-02-16 - House: Left in Commerce and Labor
Pending: House Commerce and Labor Committee
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; limiting interest to a maximum annual rate of 36 percent.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2010-02-16 | House: Left in Commerce and Labor | |
| 2010-01-07 | House: Referred to Committee on Commerce and Labor | |
| 2010-01-07 | House: Prefiled and ordered printed; offered 01/13/10 10101716D |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 6 | 1 | 459 | (n/a) | See Bill Text |
| 6 | 1 | 460 | (n/a) | See Bill Text |
| 6 | 1 | 461 | (n/a) | See Bill Text |
Virginia State Sources
| Type | Source |
|---|---|
| Summary | https://lis.virginia.gov/cgi-bin/legp604.exe?101+sum+HB188 |
| Text | https://lis.virginia.gov/cgi-bin/legp604.exe?101+ful+HB188+hil |
