VA SB186 | 2012 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 10 2012 - 25% progression, died in chamber
Action: 2012-02-06 - Senate: Incorporated by Commerce and Labor
Text: Latest bill text (Prefiled) [HTML]
Status: Introduced on January 10 2012 - 25% progression, died in chamber
Action: 2012-02-06 - Senate: Incorporated by Commerce and Labor
Text: Latest bill text (Prefiled) [HTML]
Summary
Payday loans; permitted interest. Repeals provisions of the Payday Loan Act that authorize lenders to charge a loan fee or verification fee, thereby limiting permissible charges on payday loans to simple interest at a maximum annual rate of 36 percent.
Title
Payday loans; permitted interest.
Sponsors
| Sen. John Miller [D] |
Roll Calls
2012-02-06 - Senate - Senate: Incorporated by Commerce and Labor (Y: 16 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2012-02-06 | Senate: Incorporated by Commerce and Labor | |
| 2012-02-06 | Senate: Incorporated by Commerce and Labor | |
| 2012-02-06 | Senate: Incorporated by Commerce and Labor | |
| 2012-01-20 | Senate: Assigned C&L sub: Payday Loans | |
| 2012-01-10 | Senate: Referred to Committee on Commerce and Labor | |
| 2012-01-10 | Senate: Prefiled and ordered printed; offered 01/11/12 12101643D |
Subjects
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 6 | 2 | 1816 | (n/a) | See Bill Text |
| 6 | 2 | 1817 | (n/a) | See Bill Text |
| 6 | 2 | 1818 | (n/a) | See Bill Text |
