VA HB2228 | 2011 | Regular Session

Status

Spectrum: Bipartisan Bill
Status: Introduced on January 12 2011 - 25% progression, died in committee
Action: 2011-02-08 - House: Left in Commerce and Labor
Pending: House Commerce and Labor Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Open-end credit plans. Prohibits anyone other than the seller of goods to be used for personal, family, or household purposes from extending credit under an open-end plan at interest rates that exceed the legal rate of interest. To extend credit under such a plan, the loan must be for the sole purpose of financing the bona fide purchase price of such goods.

Tracking Information

Register now for our free OneVote public service or GAITS Pro trial account and you can begin tracking this and other legislation, all driven by the real-time data of the LegiScan API. Providing tools allowing you to research pending legislation, stay informed with email alerts, content feeds, and share dynamic reports. Use our new PolitiCorps to join with friends and collegaues to monitor & discuss bills through the process.

Monitor Legislation or view this same bill number from multiple sessions or take advantage of our national legislative search.

Title

Open-end credit plans; prohibits anyone other than seller of certain goods from extending credit.

Sponsors


History

DateChamberAction
2011-02-08 House: Left in Commerce and Labor
2011-01-27 House: Subcommittee recommends laying on the table by voice vote
2011-01-12 House: Referred to Committee on Commerce and Labor
2011-01-12 House: Prefiled and ordered printed; offered 01/12/11 11102064D

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
62312(n/a)See Bill Text

Virginia State Sources


Bill Comments 750

feedback