VA HB2109 | 2019 | Regular Session

Status

Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Passed on March 25 2019 - 100% progression
Action: 2019-03-25 - Governor: Acts of Assembly Chapter text (CHAP0799)
Text: Latest bill text (Chaptered) [HTML]

Summary

Guaranteed asset protection waivers. Establishes requirements for offering guaranteed asset protection (GAP) waivers, which are agreements, entered into as a part of or addendum to a motor vehicle financing agreement, under which the creditor agrees for a separate charge to waive or cancel amounts due on the finance agreement if the financed motor vehicle is totally damaged or stolen. The measure requires the creditor to insure its GAP waiver obligations; prohibits a creditor from conditioning an extension or term of credit on the purchase of a GAP waiver; requires a GAP waiver to include disclosures regarding the cancellation of the GAP waiver during a free look period; and establishes requirements and restrictions for the cancellation of GAP waivers, including refund provisions. The measure provides that GAP waivers are not insurance and are exempt from Virginia's insurance laws. This bill is identical to SB 1325.

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

Guaranteed asset protection waivers; establishes requirements for offering waivers, etc.

Sponsors


Roll Calls

2019-02-18 - House - House: VOTE: ADOPTION (98-Y 0-N) (Y: 98 N: 0 NV: 1 Abs: 0) [PASS]
2019-02-14 - Senate - Senate: Passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2019-02-13 - Senate - Senate: Constitutional reading dispensed (39-Y 0-N) (Y: 39 N: 0 NV: 1 Abs: 0) [PASS]
2019-02-11 - Senate - Senate: Reported from Commerce and Labor with amendment (13-Y 0-N) (Y: 13 N: 0 NV: 0 Abs: 0) [PASS]
2019-01-21 - House - House: VOTE: BLOCK VOTE PASSAGE (97-Y 0-N) (Y: 97 N: 0 NV: 2 Abs: 0) [PASS]
2019-01-15 - House - House: Reported from Commerce and Labor with substitute (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2019-03-25 Governor: Acts of Assembly Chapter text (CHAP0799)
2019-03-25 Governor: Approved by Governor-Chapter 799 (effective 7/1/19)
2019-02-28 Governor: Governor's Action Deadline Midnight, March 26, 2019
2019-02-28HouseEnrolled Bill communicated to Governor on February 28, 2019
2019-02-21SenateSigned by President
2019-02-21HouseSigned by Speaker
2019-02-21HouseBill text as passed House and Senate (HB2109ER)
2019-02-21HouseEnrolled
2019-02-18HouseVOTE: ADOPTION (98-Y 0-N)
2019-02-18HouseSenate amendment agreed to by House (98-Y 0-N)
2019-02-18HousePlaced on Calendar
2019-02-14SenatePassed Senate with amendment (40-Y 0-N)
2019-02-14SenateEngrossed by Senate as amended
2019-02-14SenateCommittee amendment agreed to
2019-02-14SenateReading of amendment waived
2019-02-14SenateRead third time
2019-02-13SenateConstitutional reading dispensed (39-Y 0-N)
2019-02-11SenateReported from Commerce and Labor with amendment (13-Y 0-N)
2019-01-22SenateReferred to Committee on Commerce and Labor
2019-01-22SenateConstitutional reading dispensed
2019-01-21HouseVOTE: BLOCK VOTE PASSAGE (97-Y 0-N)
2019-01-21HouseRead third time and passed House BLOCK VOTE (97-Y 0-N)
2019-01-18HouseEngrossed by House - committee substitute HB2109H1
2019-01-18HouseCommittee substitute agreed to 19104769D-H1
2019-01-18HouseRead second time
2019-01-17HouseRead first time
2019-01-15HouseCommittee substitute printed 19104769D-H1
2019-01-15HouseReported from Commerce and Labor with substitute (22-Y 0-N)
2019-01-08HouseReferred to Committee on Commerce and Labor
2019-01-08HousePrefiled and ordered printed; offered 01/09/19 19103693D

Code Citations

ChapterArticleSectionCitation TypeStatute Text
3826400(n/a)See Bill Text
3826408(n/a)See Bill Text

Virginia State Sources

TypeSource
Summaryhttps://lis.virginia.gov/cgi-bin/legp604.exe?191+sum+HB2109
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?191+ful+HB2109+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?191+ful+HB2109H1+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?191+ful+HB2109ER+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?191+ful+CHAP0799+hil
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?191+vot+H14V0009+HB2109
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?191+vot+HV1758+HB2109
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?191+vot+S02V0136+HB2109
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?191+vot+SV0547HB2109+HB2109
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?191+vot+SV0633HB2109+HB2109
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?191+vot+HV2904+HB2109

Bill Comments

feedback