VA HB2191 | 2015 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on January 14 2015 - 25% progression, died in chamber
Action: 2015-01-27 - Tabled in Commerce and Labor by voice vote
Text: Latest bill text (Introduced) [HTML]

Summary

Payday loan offices and motor vehicle title loan offices; distance from casino facility or military installation. Prohibits the State Corporation Commission (SCC) from issuing a license for the operation of a payday lending office or motor vehicle title lending office if such office is within 10 miles of a casino facility or military installation. Casino facilities include Indian gaming operations conducted pursuant to the federal Indian Gaming Regulatory Act. The measure includes limitations on the SCC's authority to revoke or suspend an existing license when a violation of the 10-mile provision exists on July 1, 2015, or when a violation would be created by the opening of a casino facility or military installation after a license was issued. However, if such a licensed lending location is within 10 miles of an existing or future casino facility or military installation, the annual percentage rate that may be charged on loans made from such location is 36 percent.

Tracking Information

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Title

Payday loan offices and motor vehicle title loan offices; distance from casino facility.

Sponsors


History

DateChamberAction
2015-01-27HouseTabled in Commerce and Labor by voice vote
2015-01-14HouseReferred to Committee on Commerce and Labor
2015-01-14HousePresented and ordered printed 15103100D

Code Citations

ChapterArticleSectionCitation TypeStatute Text
621803(n/a)See Bill Text
621807.1(n/a)See Bill Text
621817(n/a)See Bill Text
622203(n/a)See Bill Text
622207.1(n/a)See Bill Text
622216(n/a)See Bill Text

Virginia State Sources


Bill Comments

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