VA SB54 | 2016 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on December 16 2015 - 25% progression, died in chamber
Action: 2016-01-25 - Failed to report (defeated) in Commerce and Labor (4-Y 10-N)
Text: Latest bill text (Comm Sub) [HTML]
Status: Introduced on December 16 2015 - 25% progression, died in chamber
Action: 2016-01-25 - Failed to report (defeated) in Commerce and Labor (4-Y 10-N)
Text: Latest bill text (Comm Sub) [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. Mamie Locke [D] | Sen. John Miller [D] |
Roll Calls
2016-01-25 - Senate - Senate: Failed to report (defeated) in Commerce and Labor (4-Y 10-N) (Y: 4 N: 10 NV: 0 Abs: 0) [FAIL]
History
| Date | Chamber | Action |
|---|---|---|
| 2016-01-25 | Senate | Failed to report (defeated) in Commerce and Labor (4-Y 10-N) |
| 2016-01-25 | Senate | Incorporates SB189 |
| 2016-01-25 | Senate | Committee substitute printed to Web only 16104732D-S1 |
| 2015-12-16 | Senate | Referred to Committee on Commerce and Labor |
| 2015-12-16 | Senate | Prefiled and ordered printed; offered 01/13/16 16101022D |
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 |
