Adult abuse; financial institution employees to report suspected financial abuse of elder or dependent persons. Amending § 63.2-1606. (Patron-Edwards, SB 738 (CD); Edwards, SB 1413 (F))

Bank accounts, minors’; authorizes bank to establish deposit accounts in which minors will be sole owner, etc. Amending § 6.1-74. (Patron-Byron, HB 2127 (Chapter 197))

Bank franchise tax; deductions from gross capital. Amending §§ 58.1-1205 and 58.1-1206. (Patron-Wagner, SB 1353 (F))

Banking institutions; reclassification or conversion of shares of stock. Adding § 6.1-2.7:1. (Patron-Saxman, HB 1964 (Chapter 356); McEachin, SB 884 (Chapter 253))

Check cashers; required to obtain customer identification, penalty. Amending § 6.1-441; adding § 6.1-439.1. (Patron-Ingram, HB 1585 (F))

Checks; additional recovery if stop-payment order placed in bad faith. Amending § 8.01-27.1. (Patron-Ware, O., HB 1683 (Chapter 182))

Consumer Finance Act; open-end loan plans secured by motor vehicle titles. Amending §§ 6.1-249, 6.1-272.1, 6.1-278, 6.1-285, and 6.1-330.78. (Patron-Morrissey, HB 1809 (F); Herring, SB 1490 (F))

Consumer Real Estate Settlement Protection Act; expands disclosures that are required to be included in certain real estate purchase contracts. Amending § 6.1-2.22; adding § 6.1-2.21:1. (Patron-Scott, J.M., HB 2568 (Chapter 140))

Consumer Real Estate Settlement Protection Act; shifts duty to register settlement agents from Virginia State Bar to appropriate licensing authorities that are responsible for regulating their particular agents. Amending §§ 6.1-2.26 and 6.1-2.27. (Patron-Watkins, SB 938 (Chapter 256))

Credit cards; clarifies language allowing acceptance thereof by clerks to make it clear that fee collected is from person presenting card. Amending §§ 17.1-275 and 19.2-353.3. (Patron-Obenshain, SB 960 (Chapter 594))

Credit reports; consumer reporting agency’s duty to place a security freeze thereon within one business day after receiving such a request. Amending § 59.1-444.2. (Patron-Nixon, HB 1884 (Chapter 406))

Decedent’s account balance; increases amount thereof that may be paid to spouse or other distributees, if there has been no qualification on decedent’s estate. Amending §§ 6.1-71, 6.1-194.58, and 6.1-225.49. (Patron-Lewis, HB 1929 (F))

Deed of trust or mortgage; limitation on enforcement. Amending § 8.01-241. (Patron-Edwards, SB 1291 (Chapter 163))

Elder abuse; staff members of financial institutions to report. Amending § 63.2-1606. (Patron-Tata, HB 2514 (F))

Electronic filing; DMV may require certain filings or submissions be made electronically. Amending §§ 46.2-216.1, 46.2-706.1, and 58.1-2261; repealing § 46.2-216.2. (Patron-Marsden, HB 2233 (Chapter 419))

Money order sales and transmission services; expands existing authority of State Corporation Commission to regulate money orders, money transmissions transactions, etc. Amending §§ 6.1-370 through 6.1-374, 6.1-375, 6.1-377, 6.1-378, 6.1-378.2, 6.1-378.3, and 6.1-378.4; adding §§ 6.1-374.1, 6.1-374.2, and 6.1-378.5 through 6.1-378.8. (Patron-Nixon, HB 1886 (Chapter 346))

Mortgage Lender and Broker Act; broker duties and liability. Amending §§ 6.1-422 and 6.1-431. (Patron-McClellan, HB 1776 (Chapter 189); McEachin, SB 1020 (Chapter 261))

Mortgage Lender and Broker Act; eliminates provision that lenders and brokers are required to conduct employee background checks and training. Repealing §§ 6.1-423.1 and 6.1-423.2. (Patron-Marshall, D.W., HB 2030 (Chapter 452); Watkins, SB 1172 (F))

Mortgage Lender and Broker Act; prohibits licensed lenders, etc., from committing to make a high-risk mortgage loan unless borrower has completed homeownership education course. Amending §§ 6.1-411 and 6.1-430; adding § 6.1-422.2. (Patron-Hull, HB 1787 (F))

Mortgage Lender and Broker Act; State Corporation Commission to request Attorney General to investigate violations of prohibited practices thereunder. Amending § 6.1-430; adding § 6.1-430.1. (Patron-Kilgore, HB 2262 (Chapter 204); Watkins, SB 1170 (Chapter 727))

Mortgage lenders and brokers; duties to borrowers. Amending § 6.1-411; adding § 6.1-423.1. (Patron-McEachin, SB 157 (CD))

Mortgage lending and brokering practices; prohibitions and penalties. Amending §§ 6.1-409, 6.1-411, and 6.1-431; adding §§ 6.1-422.2 through 6.1-422.5. (Patron-Deeds, SB 258 (CD))

Mortgage lending practices; gives borrowers a private right of action for violations of certain prohibited practices. Amending §§ 6.1-409 and 6.1-431; adding §§ 6.1-2.8:1 and 6.1-422.2 through 6.1-422.5. (Patron-Deeds, SB 991 (F))

Mortgage loan originators; definition, establishes licensure and registry. Adding §§ 6.1-431.1 through 6.1-431.21. (Patron-Marshall, D.W., HB 2031 (Chapter 453); Watkins, SB 1171 (Chapter 273))

Mortgage loans; escrowing taxes and insurance. Adding § 6.1-2.8:1. (Patron-Sickles, HB 1091 (CD))

Mortgages; requirements for certain. Adding § 6.1-2.8:1. (Patron-Sickles, HB 1093 (CD))

Payday lenders; prohibits any person licensed under Payday Loan Act from making an open-end loan. Amending § 6.1-330.78. (Patron-Oder, HB 1709 (Chapter 784); Saslaw, SB 1470 (Chapter 860))

Payday Loan Act; repealed limiting interest at a maximum annual rate of 36 percent. Amending §§ 6.1-459, 6.1-460, and 6.1-461. (Patron-Miller, J.C., SB 996 (I) See SB1470)

Personal information privacy; prohibits credit reporting agencies and others from selling or exchanging with a third party information regarding a credit inquiry. Adding § 59.1-442.1. (Patron-Bell, HB 2394 (F))

Retirement plan; no person acting as trustee or custodian with respect thereto may exercise setoff against plan except under federal law. Amending § 34-34. (Patron-Marsden, HB 2229 (F))

Security for Public Deposits Act; establish guidelines to permit banks to withdraw from procedures for payment of losses. Amending §§ 2.2-4403, 2.2-4404, and 2.2-4405. (Patron-Kilgore, HB 1761 (Chapter 64))

Small Estate Act; updates certain banking and fiduciary statutes to make them consistent with Act. Amending §§ 6.1-71, 6.1-194.58, 6.1-225.49, and 26-12.3. (Patron-Watts, HB 279 (CD))

Unclaimed property; reduces holding period for abandonment for banks and financial organizations. Amending § 55-210.3:01. (Patron-Colgan, SB 583 (CD))

Uniform Interstate Depositions and Discovery Act; created. Adding §§ 8.01-412.8 through 8.01-412.15; repealing §§ 8.01-411, 8.01-412, and 8.01-412.1. (Patron-Obenshain, SB 958 (Chapter 701))

Wages and salaries; employers to pay by credit to a prepaid debit card or card account if employee fails to designate a financial institution for electronic fund transfer. Amending § 40.1-29. (Patron-McDougle, SB 223 (CD); Norment, SB 1264 (Chapter 728))