Virginia Code | Chapter 6

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VAHB10PassQualified education loan servicers. Prohibits any person from acting as a qualified education loan servicer except in accordance with provisions established by this bill. The bill requires a loan servicer to obtain a license from the State Corporatio...
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2020-04-22
Governor: Acts of Assembly Chapter text (CHAP1198)
VASB77PassQualified education loan servicers. Prohibits any person from acting as a qualified education loan servicer except in accordance with provisions established by this bill. The bill requires a loan servicer to obtain a license from the State Corporatio...
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2020-04-22
Governor: Acts of Assembly Chapter text (CHAP1250)
VAHB789PassConsumer lending. Replaces references to payday loans with the term "short-term loans." The measure caps the interest and fees that may be charged under a short-term loan at an annual rate of 36 percent, plus a maintenance fee; increases the maximum ...
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2020-04-22
Governor: Acts of Assembly Chapter text (CHAP1215)
VASB421PassConsumer lending. Replaces references to payday loans with the term "short-term loans." The measure caps the interest and fees that may be charged under a short-term loan at an annual rate of 36 percent, plus a maintenance fee; increases the maximum ...
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2020-04-22
Governor: Acts of Assembly Chapter text (CHAP1258)
VAHB1049PassProhibited discrimination; sexual orientation and gender identity. Prohibits discrimination in employment, public accommodation, public contracting, apprenticeship programs, housing, banking, and insurance on the basis of sexual orientation or gender...
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2020-04-11
Governor: Acts of Assembly Chapter text (CHAP1137)
VASB868PassProhibited discrimination; public accommodations, employment, credit, and housing: causes of action; sexual orientation and gender identity. Creates causes of action for unlawful discrimination in public accommodations and employment in the Virginia ...
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2020-04-11
Governor: Acts of Assembly Chapter text (CHAP1140)
VAHB623PassGender-neutral terms; prohibitions on same-sex marriage and civil unions removed from Code; certain gender-specific crimes; penalty. Replaces the terms "husband" and "wife," as well as related terms, with gender-neutral terms throughout the Code to c...
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2020-04-09
Governor: Acts of Assembly Chapter text (CHAP0900)
VAHB1553PassDebt settlement services providers; penalties. Provides for the licensure and regulation of debt settlement services providers by the State Corporation Commission. The measure defines "debt settlement services" as any action or negotiation initiated ...
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2020-04-07
Governor: Acts of Assembly Chapter text (CHAP0785)
VASB296PassCredit unions; director compensation. Provides that compensation of members of a credit union's board of directors and members of the credit and supervisory committees shall be determined by a written policy approved by the board of directors, provid...
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2020-03-31
Governor: Acts of Assembly Chapter text (CHAP0547)
VAHB1663FailProhibited discrimination; public accommodations, employment, credit, and housing: causes of action; sexual orientation and gender identity. Creates explicit causes of action for unlawful discrimination in public accommodations and employment in the ...
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2020-03-12
Failed to pass in House
VAHB155PassBanks; trust subsidiaries. Establishes a mechanism by which a subsidiary bank of a Virginia bank holding company that holds trust powers may be substituted in every fiduciary capacity for a trust subsidiary under common ownership with that bank. Such...
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2020-03-10
Governor: Acts of Assembly Chapter text (CHAP0239)
VASB293PassFinancial institutions; multiple-fiduciary accounts. Provides that financial institutions may enter into multiple-fiduciary accounts with more than one fiduciary to the same extent that they may enter into fiduciary accounts with one fiduciary. The m...
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2020-03-10
Governor: Acts of Assembly Chapter text (CHAP0259)
VAHB813PassCredit unions; director compensation. Provides that compensation of members of a credit union's board of directors and members of the credit and supervisory committees shall be determined by a written policy approved by the board of directors, provid...
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2020-03-10
Governor: Acts of Assembly Chapter text (CHAP0262)
VASB291EngrossMortgage brokers; prohibition on dual compensation. Clarifies the existing provisions that prohibit a licensed mortgage broker from negotiating, placing, or finding a mortgage loan that will be used to finance the purchase of residential property if ...
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2020-02-18
To House Labor and Commerce Committee
VASB33IntroConsumer finance companies. Requires the State Corporation Commission, as a condition of licensing a consumer finance company, to find that the applicant will not make consumer finance loans at the same location at which the applicant makes payday lo...
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2020-02-12
To Senate Commerce and Labor Committee
VAHB1441IntroFinancial institutions; small loans; penalty. Prohibits any person from making a small loan unless such person is licensed by the State Corporation Commission. The bill defines "small loan" as an unsecured loan or credit of $5,000 or less extended to...
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2020-02-11
To House Labor and Commerce Committee
VASB855EngrossFinancial institutions; small loans; penalty. Prohibits any person from making a small loan unless such person is licensed by the State Corporation Commission. The bill defines "small loan" as an unsecured loan or credit of $5,000 or less extended to...
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2020-02-11
Defeated by Senate (12-Y 28-N)
VASB785IntroMortgage loan originators; exemption. Exempts retailers of manufactured or modular homes and employees of such retailers from the licensing and other requirements applicable to mortgage loan originators. The exemption applies if the retailer or emplo...
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2020-02-10
To Senate Commerce and Labor Committee
VAHB562IntroMortgage loan originators; exemption. Exempts retailers of manufactured or modular homes and employees of such retailers from the licensing and other requirements applicable to mortgage loan originators. The exemption applies if the retailer or emplo...
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2020-02-04
Tabled in Labor and Commerce (16-Y 0-N)
VAHB354IntroFinancial institutions; liability when instructions of attorney-in-fact disregarded. Provides that neither an individual nor his attorney-in-fact is liable to repay a loan made by a financial institution to the individual when the individual's attorn...
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2020-01-30
Stricken from docket by Labor and Commerce (18-Y 0-N)
VAHB1050IntroProhibited discrimination; public accommodations, employment, credit, and housing: causes of action; sexual orientation and gender identity. Creates explicit causes of action for unlawful discrimination in public accommodations and employment in the ...
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2020-01-28
Incorporated by General Laws
VASB38IntroOpen-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 ...
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2020-01-27
Incorporated by Commerce and Labor
VASB37IntroOpen-end credit plans; civil penalty. Requires that any person engaged in the business of extending credit under an open-end credit plan under which interest is charged at an annual rate that exceeds 36 percent obtain a license to do so from the Stat...
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2020-01-27
Incorporated by Commerce and Labor
VAHB69IntroCredit unions. Authorizes localities and political subdivisions to hold public deposits in a credit union. The measure allows localities and political subdivisions to become members of a credit union for purposes of placing deposits in and receiving ...
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2020-01-23
To House Labor and Commerce Committee
VAHB184IntroOpen-end credit plans. Prohibits a creditor from extending credit under an open-end credit plan at an annual rate that exceeds 36 percent unless the credit is extended by the seller of personal, family, or household goods for the sole purpose of fina...
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2020-01-21
Incorporated by Labor and Commerce
VAHB843IntroMotor vehicle title loans, payday loans, consumer finance loans, and open-end credit plans; interest rate. Caps the rate of interest that may be charged on motor vehicle title loans, payday loans, and open-end credit plans at 36 percent per year. The...
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2020-01-21
Incorporated by Labor and Commerce
VAHB1265IntroConsumer finance companies. Requires the State Corporation Commission, as a condition of licensing a consumer finance company, to find that the applicant will not make consumer finance loans at the same location at which the applicant makes payday lo...
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2020-01-21
Incorporated by Labor and Commerce
VAHB1296IntroMotor vehicle title loans, payday loans, consumer finance loans, and open-end credit plans; interest rate. Caps the rate of interest that may be charged on motor vehicle title loans, payday loans, and open-end credit plans at an annual rate that is 2...
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2020-01-21
Incorporated by Labor and Commerce
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