VIRGINIA LAW PORTAL

• Code of Virginia
• Virginia Administrative Code
• Constitution of Virginia
• Charters
• Authorities
• Compacts
• Uncodified Acts
• RIS Users (account required)

SEARCHABLE DATABASES

• Bills & Resolutions
  session legislation
• Bill Summaries
  session summaries
• Reports to the General Assembly
  House and Senate documents
• Legislative Liaisons
  State agency contacts

ACROSS SESSIONS

• Subject Index: Since 1995
• Bills & Resolutions: Since 1994
• Summaries: Since 1994

Developed and maintained by the Division of Legislative Automated Systems.

2010 SESSION

• | print version

HB 187 Open-end lending; provides extensions of credit secured by motor vehicle titles, caps interest.

Introduced by: Joseph D. Morrissey | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Open-end lending; car title loans.  Provides that extensions of credit under an open-end credit or similar plan by a seller or lender, under which interest currently may be charged at any rate on which the parties agree, may be made only by sellers of goods or services or by certain licensed or regulated financial institutions. The measure also authorizes such loans to be made by Consumer Finance Act licensees, who are prohibited from charging interest on such loans at a rate that exceeds 36 percent annually.

FULL TEXT

• 01/07/10  House: Prefiled and ordered printed; offered 01/13/10 10101712D  pdf

HISTORY

• 01/07/10  House: Prefiled and ordered printed; offered 01/13/10 10101712D
• 01/07/10  House: Referred to Committee on Commerce and Labor
• 02/16/10  House: Left in Commerce and Labor