Virginia House Bill 47 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 18-0)
Status: Introduced on November 30 2017 - 25% progression, died in committee
Action: 2018-02-13 - Left in Commerce and Labor
Pending: House Commerce and Labor Committee
Text: Latest bill text (Prefiled) [HTML]

Payday Lending Prohibition Act; penalties. Prohibits any person from engaging in any business that consists in whole or in part of making, offering, arranging, or acting as an agent in the making of loans on the security of (i) a check or other draft drawn on the account of an individual at a bank, savings institution, or credit union; (ii) any form of assignment of an interest in the account of an individual at a bank, savings institution, or credit union; or (iii) any form of assignment of income payable to an individual, other than loans based on income tax refunds. The prohibition does not apply to certain lenders subject to the general supervision of or subject to examination by the State Corporation Commission or to banks, savings institutions, or credit unions operating under the laws of the United States or any state. A violation is a Class 1 misdemeanor. Violators are also subject to civil penalties, cease and desist orders, and private actions. Violations are a prohibited practice under the Virginia Consumer Protection Act. Existing provisions providing for the licensing and regulation of payday lenders are repealed.

Payday Lending Prohibition Act; penalties.

Del. Paul Krizek [D]	Del. Hala Ayala [D]	Sen. Jennifer Boysko [D]	Sen. Jennifer Carroll Foy [D]
Del. Lee Carter [D]	Del. Kelly Convirs-Fowler [D]	Del. Karrie Delaney [D]	Del. Elizabeth Guzman [D]
Del. Patrick Hope [D]	Del. Joesph Lindsey [D]	Del. Alfonso Lopez [D]	Del. Delores McQuinn [D]
Del. Kenneth Plum [D]	Del. Sam Rasoul [D]	Del. Debra Rodman [D]	Del. Marcus Simon [D]
Del. Cheryl Turpin [D]	Del. Roslyn Tyler [D]

2018-02-06 - House - House: Subcommittee recommends passing by indefinitely (6-Y 2-N) (Y: 6 N: 2 NV: 2 Abs: 0) [PASS]

Date	Chamber	Action
2018-02-13	House	Left in Commerce and Labor
2018-02-06	House	Subcommittee recommends passing by indefinitely (6-Y 2-N)
2018-01-30	House	Assigned C & L sub: Subcommittee #3
2017-11-30	House	Referred to Committee on Commerce and Labor
2017-11-30	House	Prefiled and ordered printed; offered 01/10/18 18100853D

Chapter	Article	Section	Citation Type	Statute Text
59	1	200	(n/a)	See Bill Text
6	2	1501	(n/a)	See Bill Text
6	2	1800	(n/a)	See Bill Text
6	2	1829	(n/a)	See Bill Text
6	2	1830	(n/a)	See Bill Text
6	2	1838	(n/a)	See Bill Text
6	2	2107	(n/a)	See Bill Text
6	2	303	(n/a)	See Bill Text
6	2	312	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?181+sum+HB47
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?181+ful+HB47+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?181+vot+H1403V0044+HB0047