Bill Text: VA SB1549 | 2019 | Regular Session | Prefiled
Bill Title: Virginia Consumer Protection Act; exclusion.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2019-01-21 - Failed to report (defeated) in Commerce and Labor (4-Y 11-N) [SB1549 Detail]
Download: Virginia-2019-SB1549-Prefiled.html
Be it enacted by the General Assembly of Virginia:
1. That §59.1-199 of the Code of Virginia is amended and reenacted as follows:
§59.1-199. Exclusions.
Nothing in this chapter shall apply to:
A. 1. Any aspect of a consumer
transaction which aspect is authorized under laws or regulations of this the
Commonwealth or the United States, or
the formal advisory opinions of any regulatory body or official of this the
Commonwealth or the United States.
B. 2. Acts done by the publisher,
owner, agent or employee of a newspaper, periodical, or radio or television
station, or other advertising media such as outdoor advertising and advertising
agencies, in the publication or dissemination of an advertisement in violation
of §59.1-200, unless it be
proved is proven
that such person knew that the advertisement was of a character prohibited by §
59.1-200.
C. 3. Those aspects of a consumer
transaction which that are regulated by the
Federal Consumer Credit Protection Act, 15 U.S.C. §1601 et seq.
D. 4. Banks, savings institutions,
credit unions, small loan consumer
finance companies as defined in §6.2-1500,
public service corporations, mortgage lenders as defined in §6.2-1600,
broker-dealers as defined in §13.1-501, gas suppliers as defined in subsection
E of §56-235.8, and insurance companies, any of which are
regulated and supervised by the State Corporation Commission or a comparable
federal regulating body.
E. 5. Any aspect of a consumer
transaction which that is subject to the
Landlord and Tenant Act, Chapter 13
(§55-217 et seq.) of Title 55
or the Virginia Residential Landlord and Tenant Act,
Chapter 13.2 (§55-248.2 et seq.) of
Title 55, unless the act or practice of a landlord
constitutes a misrepresentation or fraudulent act or practice under §59.1-200.
F. 6. Real estate licensees who
are licensed under Chapter 21 (§54.1-2100 et seq.) of Title 54.1.
