VA SB38 | 2020 | Regular Session

Virginia Senate Bill 38 (Prior Session Legislation)

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on November 18 2019 - 25% progression, died in chamber
Action: 2020-01-27 - Incorporated by Commerce and Labor
Text: Latest bill text (Prefiled) [HTML]

Summary

Open-end credit plans; governing law. Provides that an open-end credit plan shall be governed solely by federal law and the laws of the Commonwealth, regardless of whether the seller or lender has a physical location in the Commonwealth. The measure removes a provision that allows another jurisdiction's laws to govern if expressly agreed to in writing by the parties.

Title

Open-end credit plans; governing law.

Roll Calls

2020-01-27 - Senate - Senate: Incorporated by Commerce and Labor (Y: 14 N: 0 NV: 0 Abs: 0) [PASS]

History

Date	Chamber	Action
2020-01-27	Senate	Incorporated by Commerce and Labor
2019-11-18	Senate	Referred to Committee on Commerce and Labor
2019-11-18	Senate	Prefiled and ordered printed; offered 01/08/20 20101106D

Code Citations

Chapter	Article	Section	Citation Type	Statute Text
6	2	435	(n/a)	See Bill Text

Virginia State Sources

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?201+sum+SB38
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+SB38+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?201+vot+S02V0041+SB0038