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2006 SESSION

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HB 324 Tax refund anticipation loans; requires persons who facilitate to display their fees and info.

Introduced by: Harvey B. Morgan | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED HOUSE: (all summaries)

Tax refund anticipation loans.  Requires persons who facilitate tax refund anticipation loans to post their fees and related information and to provide a disclosure form.  Borrowers are allowed to rescind such loans before the close of the next day of business following the date of the loan.  Facilitators are prohibited from requiring customers to enter into a loan arrangement.  Violations are prohibited practices under the Virginia Consumer Protection Act.


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