VA SB751 | 2011 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on November 17 2010 - 25% progression, died in chamber
Action: 2011-01-17 - Senate: Failed to report (defeated) in Commerce and Labor (4-Y 10-N)
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on November 17 2010 - 25% progression, died in chamber
Action: 2011-01-17 - Senate: Failed to report (defeated) in Commerce and Labor (4-Y 10-N)
Text: Latest bill text (Introduced) [HTML]
Summary
Motor vehicle title loans; interest rate. Caps the rate of interest that may be charged on a motor vehicle title loan at 36 percent per year. Currently, interest on such loans may not exceed 22 percent per month on the portion of the outstanding balance of the loan that does not exceed $700; 18 percent per month on the portion between $700 and $1,400; and 15 percent per month on the portion that exceeds $1,400.
Title
Motor vehicle title loans; caps interest rate.
Sponsors
Roll Calls
2011-01-17 - 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 |
|---|---|---|
| 2011-01-17 | Senate: Failed to report (defeated) in Commerce and Labor (4-Y 10-N) | |
| 2010-11-17 | Senate: Referred to Committee on Commerce and Labor | |
| 2010-11-17 | Senate: Prefiled and ordered printed; offered 01/12/11 11100438D |
