VA HB249 | 2008 | Regular Session
Status
Spectrum: Unknown
Status: Introduced on December 28 2007 - 25% progression, died in chamber
Action: 2008-02-05 - House: Incorporated by Commerce and Labor (HB12-Oder) by voice vote
Status: Introduced on December 28 2007 - 25% progression, died in chamber
Action: 2008-02-05 - House: Incorporated by Commerce and Labor (HB12-Oder) by voice vote
Summary
Payday lending charges. Establishes a maximum annual interest rate for payday loans of 36 percent. In addition, the measure requires each prospective borrower to acknowledge in writing that he has received and read a copy of the most recent version of the State Corporation Commission's Consumer Guide to Payday Lending before entering into a payday loan. This bill was incorporated into
Title
Payday lending charges; establishes maximum annual interest rate.
Sponsors
| No sponsor information available at this time. |
History
| Date | Chamber | Action |
|---|---|---|
| 2008-02-05 | House: Incorporated by Commerce and Labor (HB12-Oder) by voice vote | |
| 2007-12-28 | House: Referred to Committee on Commerce and Labor | |
| 2007-12-28 | House: Prefiled and ordered printed; offered 01/09/08 080097664 |
Subjects
Virginia State Sources
| Type | Source |
|---|---|
| Summary | https://lis.virginia.gov/cgi-bin/legp604.exe?081+sum+HB249 |
