VA SB98 | 2012 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 9 2012 - 25% progression, died in chamber
Action: 2012-02-06 - Senate: Passed by indefinitely in Commerce and Labor (11-Y 5-N)
Text: Latest bill text (Prefiled) [HTML]
Status: Introduced on January 9 2012 - 25% progression, died in chamber
Action: 2012-02-06 - Senate: Passed by indefinitely in Commerce and Labor (11-Y 5-N)
Text: Latest bill text (Prefiled) [HTML]
Summary
Open-end loan plans; finance charges. Caps the finance charges and other charges and fees that may be imposed on extension of credit under certain open-end credit plans at an annual rate of 36 percent if the maximum amount that may be advanced under the plan does not exceed $2,500. If the maximum amount that may be advanced exceeds $2,500, the lender may impose finance charges and other charges and fees at such rates and in such amounts as the parties may agree.
Title
Open-end loan plans; caps finance charges.
Sponsors
Roll Calls
2012-02-06 - Senate - Senate: Passed by indefinitely in Commerce and Labor (11-Y 5-N) (Y: 11 N: 5 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2012-02-06 | Senate: Passed by indefinitely in Commerce and Labor (11-Y 5-N) | |
| 2012-01-20 | Senate: Assigned C&L sub: Payday Loans | |
| 2012-01-09 | Senate: Referred to Committee on Commerce and Labor | |
| 2012-01-09 | Senate: Prefiled and ordered printed; offered 01/11/12 12101210D |
