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2015 SESSION

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HB 1920 Virginia Consumer Protection Act; exclusions.

Introduced by: James M. LeMunyon | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Consumer Protection Act; exclusions. Excludes a service provided by a public service corporation from application of the Virginia Consumer Protection Act (the Act) if the provision of the service is regulated by the State Corporation Commission (SCC). A service provided by a public service corporation therefore will be subject to the provisions of the Act if the service is not regulated by the SCC. The measure also (i) updates a reference to small loan companies and (ii) clarifies that the Act's exclusion for financial institutions, broker-dealers, gas suppliers, and insurance companies applies only if such entities are regulated and supervised by the SCC or a comparable federal regulatory body.


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