VA SB623 | 2016 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 15 2016 - 25% progression, died in chamber
Action: 2016-01-25 - Incorporated by Commerce and Labor
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 15 2016 - 25% progression, died in chamber
Action: 2016-01-25 - Incorporated by Commerce and Labor
Text: Latest bill text (Introduced) [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; rate of interest.
Sponsors
| Sen. Mamie Locke [D] |
Roll Calls
2016-01-25 - Senate - Senate: Incorporated by Commerce and Labor (Y: 13 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2016-01-25 | Senate | Incorporated by Commerce and Labor |
| 2016-01-15 | Senate | Referred to Committee on Commerce and Labor |
| 2016-01-15 | Senate | Presented and ordered printed 16103452D |
