VA SB1372 | 2017 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 11 2017 - 25% progression, died in chamber
Action: 2017-02-03 - Passed by indefinitely in Commerce and Labor (15-Y 0-N)
Text: Latest bill text (Prefiled) [HTML]
Status: Introduced on January 11 2017 - 25% progression, died in chamber
Action: 2017-02-03 - Passed by indefinitely in Commerce and Labor (15-Y 0-N)
Text: Latest bill text (Prefiled) [HTML]
Summary
Consumer finance loans; rate of interest. Increases, from $2,500 to $4,000, the threshold under which consumer finance loans are subject to a maximum interest rate of 36 percent per year. Under this measure, a licensed consumer finance lender may charge interest (i) of not more than 36 percent on loans of $4,000 or less and (ii) at such rate as is stated in the loan contract on loans of more than $4,000.
Title
Consumer finance loans; rate of interest.
Sponsors
Roll Calls
2017-02-03 - Senate - Senate: Passed by indefinitely in Commerce and Labor (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2017-02-03 | Senate | Passed by indefinitely in Commerce and Labor (15-Y 0-N) |
| 2017-01-11 | Senate | Referred to Committee on Commerce and Labor |
| 2017-01-11 | Senate | Prefiled and ordered printed; offered 01/11/17 17101494D |
