VA SB425 | 2010 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 13 2010 - 25% progression, died in chamber
Action: 2010-02-08 - Senate: Failed to report (defeated) in Commerce and Labor (5-Y 9-N 1-A)
Text: Latest bill text (Prefiled) [HTML]

Summary

Open-end credit plans; loans secured by motor vehicle title. Prohibits a person extending credit under an open-end or similar plan from charging interest at a rate that exceeds 36 percent per year, unless the loan is secured by a bona fide purchase money security interest in goods sold by such person.

Tracking Information

Register now for our free OneVote public service or GAITS Pro trial account and you can begin tracking this and other legislation, all driven by the real-time data of the LegiScan API. Providing tools allowing you to research pending legislation, stay informed with email alerts, content feeds, and share dynamic reports. Use our new PolitiCorps to join with friends and collegaues to monitor & discuss bills through the process.

Monitor Legislation or view this same bill number from multiple sessions or take advantage of our national legislative search.

Title

Open-end credit plan loans; prohibits person extending credit from charging interest at higher rate.

Sponsors


Roll Calls

2010-02-08 - Senate - Senate: Failed to report (defeated) in Commerce and Labor (5-Y 9-N 1-A) (Y: 5 N: 9 NV: 0 Abs: 1) [FAIL]

History

DateChamberAction
2010-02-08 Senate: Failed to report (defeated) in Commerce and Labor (5-Y 9-N 1-A)
2010-01-13 Senate: Referred to Committee on Commerce and Labor
2010-01-13 Senate: Prefiled and ordered printed; offered 01/13/10 10103764D

Code Citations

ChapterArticleSectionCitation TypeStatute Text
61330.78(n/a)See Bill Text

Virginia State Sources


Bill Comments

feedback