VA HB103 | 2016 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on December 14 2015 - 25% progression, died in committee
Action: 2016-02-16 - Left in Commerce and Labor
Pending: House Commerce and Labor Committee
Text: Latest bill text (Prefiled) [HTML]
Status: Introduced on December 14 2015 - 25% progression, died in committee
Action: 2016-02-16 - Left in Commerce and Labor
Pending: House Commerce and Labor Committee
Text: Latest bill text (Prefiled) [HTML]
Summary
Consumer finance loans; rate of interest. Caps the maximum rate of interest that a licensed consumer finance company may charge on any loan at 36 percent annually. The measure eliminates the existing provision that permits such licensees to charge any agreed-upon amount of interest on consumer finance loans over $2,500.
Title
Consumer finance loans; caps maximum rate of interest.
Sponsors
| Del. Sam Rasoul [D] |
Roll Calls
2016-02-04 - House - House: Subcommittee recommends laying on the table (5-Y 2-N) (Y: 5 N: 2 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2016-02-16 | House | Left in Commerce and Labor |
| 2016-02-04 | House | Subcommittee recommends laying on the table (5-Y 2-N) |
| 2016-01-26 | House | Assigned C & L sub: Special Sub-Consumer Lending |
| 2015-12-14 | House | Referred to Committee on Commerce and Labor |
| 2015-12-14 | House | Prefiled and ordered printed; offered 01/13/16 16100511D |
