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1999 SESSION

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HJ 735 Study; Consumer credit information.

Introduced by: Dwight Clinton Jones | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Consumer credit information. Requests the State Corporation Commission, the Department of Agriculture and Consumer Services, the State Council of Higher Education, and the Virginia Cooperative Extension Services to develop a plan for providing consumer credit information to college students, and for monitoring complaints regarding unsolicited offers of credit, and credit cards and incentives. The plan shall address providing information to college students and their parents, and institutions of higher education, upon request, regarding: (i) the rights of consumers, including the right to make inquiries concerning financial institutions and credit card companies; (ii) the maintenance of good credit; (iii) how to obtain and interpret credit history information; and (iv) how to file a consumer complaint. The plan shall establish a procedure and determine the cost of collecting data regarding consumer complaints by college students about credit offers and credit card companies.

This resolution is a recommendation of the Joint Subcommittee Studying the Status and Needs of African-American Males in Virginia.


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