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2019 SESSION
HB 2630 Open-end credit plans; governing law.
Introduced by: David E. Yancey | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Open-end credit plans; governing law. Provides that an open-end credit plan shall be governed solely by federal law and the laws of the Commonwealth, regardless of whether the seller or lender has a physical location in the Commonwealth. The measure removes a provision that allows another jurisdiction's laws to govern if expressly agreed to in writing by the parties.
FULL TEXT
HISTORY
- 01/10/19 House: Presented and ordered printed 19102255D
- 01/10/19 House: Referred to Committee on Commerce and Labor
- 01/15/19 House: Assigned C & L sub: Subcommittee #1
- 01/29/19 House: Subcommittee recommends laying on the table (5-Y 2-N)
- 02/05/19 House: Left in Commerce and Labor