Virginia House Bill 2196 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 8 2019 - 25% progression, died in committee
Action: 2019-02-05 - Left in Appropriations
Pending: House Appropriations Committee
Text: Latest bill text (Comm Sub) [HTML]

Debt settlement services; civil penalties. Establishes procedures and requirements for the licensure by the State Corporation Commission of agencies providing debt settlement services. The measure defines debt settlement services as any action or negotiation initiated or taken by or on behalf of any consumer with any creditor of the consumer for the purpose of obtaining debt forgiveness of a portion of the credit extended by the creditor to the consumer or reduction of payments, charges, or fees payable by the consumer. The measure authorizes the Commission to issue one license to engage in the business of providing or offering to provide debt management plans, debt settlement services, or both. The measure prohibits licensed debt settlement services agencies from accepting fees from consumers prior to providing the consumers' requested debt settlement services. The measure makes licensees offering debt settlement services subject to requirements currently applicable to licensees providing debt management plans. The measure also (i) prohibits certain advertising practices by new licensees, (ii) provides for the assessment of civil penalties, and (iii) grants individual consumers a private right of action. Violations are also a prohibited practice under the Virginia Consumer Protection Act.

Debt settlement services; civil penalties.

Del. Debra Rodman [D]

2019-01-31 - House - House: Reported from Commerce and Labor with substitute (20-Y 0-N) (Y: 20 N: 0 NV: 2 Abs: 0) [PASS]
2019-01-29 - House - House: Subcommittee recommends reporting with substitute (9-Y 0-N) (Y: 9 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2019-02-05	House	Left in Appropriations
2019-01-31	House	Referred to Committee on Appropriations
2019-01-31	House	Reported from Commerce and Labor with substitute (20-Y 0-N)
2019-01-31	House	Committee substitute printed 19106074D-H1
2019-01-29	House	Subcommittee recommends referring to Committee on Appropriations
2019-01-29	House	Subcommittee recommends reporting with substitute (9-Y 0-N)
2019-01-15	House	Assigned C & L sub: Subcommittee #2
2019-01-08	House	Referred to Committee on Commerce and Labor
2019-01-08	House	Prefiled and ordered printed; offered 01/09/19 19104212D

Chapter	Article	Section	Citation Type	Statute Text
6	2	2000	(n/a)	See Bill Text
6	2	2001	(n/a)	See Bill Text
6	2	2002	(n/a)	See Bill Text
6	2	2005	(n/a)	See Bill Text
6	2	2012	(n/a)	See Bill Text
6	2	2014	(n/a)	See Bill Text
6	2	2014.1	(n/a)	See Bill Text
6	2	2021	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?191+sum+HB2196
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?191+ful+HB2196+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?191+ful+HB2196H1+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?191+vot+H1402V0014+HB2196
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?191+vot+H14V0038+HB2196