VA SB1126 | 2017 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Engrossed on January 23 2017 - 50% progression, died in chamber
Action: 2017-02-16 - Tabled in Commerce and Labor by voice vote
Text: Latest bill text (Engrossed) [HTML]

Summary

Consumer finance companies; Internet loans. Provides that the laws regulating consumer finance companies apply to persons making loans to individuals for personal, family, household, or other nonbusiness purposes over the Internet to Virginia residents or any individuals in Virginia, whether or not the person making the loans maintains a physical presence in the Commonwealth. The measure has a reenactment clause and directs the Bureau of Financial Institutions to conduct an analysis of the legal, administrative, and other relevant issues relating to the feasibility of regulating Internet lending activities by consumer finance companies.

Tracking Information

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Title

Consumer finance companies; Internet loans, report.

Sponsors


Roll Calls

2017-01-24 - Senate - Senate: Passed Senate (34-Y 6-N) (Y: 34 N: 6 NV: 0 Abs: 0) [PASS]
2017-01-24 - Senate - Senate: Reconsideration of passage agreed to by Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2017-01-24 - Senate - Senate: Read third time and passed Senate (36-Y 3-N) (Y: 36 N: 3 NV: 1 Abs: 0) [PASS]
2017-01-18 - Senate - Senate: Constitutional reading dispensed (38-Y 0-N) (Y: 38 N: 0 NV: 2 Abs: 0) [PASS]
2017-01-16 - Senate - Senate: Reported from Commerce and Labor (8-Y 5-N) (Y: 8 N: 5 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2017-02-16HouseTabled in Commerce and Labor by voice vote
2017-01-31HouseReferred to Committee on Commerce and Labor
2017-01-31HouseRead first time
2017-01-31HousePlaced on Calendar
2017-01-24SenatePassed Senate (34-Y 6-N)
2017-01-24SenateReconsideration of passage agreed to by Senate (40-Y 0-N)
2017-01-24SenateRead third time and passed Senate (36-Y 3-N)
2017-01-23SenatePrinted as engrossed 17100949D-E
2017-01-23SenateEngrossed by Senate as amended SB1126E
2017-01-23SenateAmendment by Senator Surovell agreed to
2017-01-23SenateReading of amendment waived
2017-01-23SenateRead second time
2017-01-20SenatePassed by for the day
2017-01-19SenatePassed by for the day
2017-01-18SenateConstitutional reading dispensed (38-Y 0-N)
2017-01-16SenateReported from Commerce and Labor (8-Y 5-N)
2017-01-09SenateReferred to Committee on Commerce and Labor
2017-01-09SenatePrefiled and ordered printed; offered 01/11/17 17100949D

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
621529.1(n/a)See Bill Text

Virginia State Sources


Bill Comments

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