SEARCH SITE
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.
2013 SESSION
HB 1359 Consumer finance companies; rate of interest.
Introduced by: R. Lee Ware, Jr. | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Consumer finance companies; rate of interest. Adjusts the caps on the annual rate of interest that a consumer finance company may charge on loans. This measure allows a consumer finance company to charge interest at a rate not exceeding 78 percent annually on loans of not more than $1,500 and not exceeding 36 percent annually on loans of more than $1,500. Currently, a consumer finance company may charge interest at a rate not exceeding 36 percent annually on loans of not more than $2,500, and may charge interest at any rate agreed to in its contract with the borrower on loans of more than $2,500.
FULL TEXT
HISTORY
- 12/03/12 House: Prefiled and ordered printed; offered 01/09/13 13101202D
- 12/03/12 House: Referred to Committee on Commerce and Labor
- 01/22/13 House: Tabled in Commerce and Labor by voice vote