VA SB189 | 2016 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 4 2016 - 25% progression, died in chamber
Action: 2016-01-25 - Incorporated by Commerce and Labor
Text: Latest bill text (Prefiled) [HTML]
Status: Introduced on January 4 2016 - 25% progression, died in chamber
Action: 2016-01-25 - Incorporated by Commerce and Labor
Text: Latest bill text (Prefiled) [HTML]
Summary
Payday loans; permitted interest. Removes 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 interest at a maximum annual rate of 36 percent.
Title
Payday loans; permitted interest.
Sponsors
Sen. John Miller [D] |
Roll Calls
2016-01-25 - Senate - Senate: Incorporated by Commerce and Labor (Y: 14 N: 0 NV: 0 Abs: 0) [PASS]
History
Date | Chamber | Action |
---|---|---|
2016-01-25 | Senate | Incorporated by Commerce and Labor |
2016-01-04 | Senate | Referred to Committee on Commerce and Labor |
2016-01-04 | Senate | Prefiled and ordered printed; offered 01/13/16 16102202D |
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 |