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2019 SESSION

• | print version

SB 1290 Open-end credit plans; governing law.

Introduced by: Richard L. Saslaw | 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 in writing by the parties.

FULL TEXT

• 01/07/19  Senate: Prefiled and ordered printed; offered 01/09/19 19103712D  pdf | impact statement

HISTORY

• 01/07/19  Senate: Prefiled and ordered printed; offered 01/09/19 19103712D
• 01/07/19  Senate: Referred to Committee on Commerce and Labor
• 01/28/19  Senate: Failed to report (defeated) in Commerce and Labor (5-Y 7-N 1-A)