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2011 SESSION
SB 1367 Motor vehicle title loans; loans to nonresidents.
Introduced by: Richard L. Saslaw | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Motor vehicle title loans; nonresidents. Eliminates provisions that prevent motor vehicle title lenders from making title loans to individuals whose motor vehicle is registered in another state. Currently, a title lender is required to have its security interest in the motor vehicle added to the vehicle's certificate of title by complying with the requirements of Virginia's motor vehicle laws. This measure will allow title loans to be made to nonresidents of Virginia provided the lender's security interest is added to its certificate of title by complying with the laws of the state where it is registered.
FULL TEXT
- 01/12/11 Senate: Prefiled and ordered printed with emergency clause; offered 01/12/11 11100705D pdf
- 03/03/11 Senate: Bill text as passed Senate and House (SB1367ER) pdf
- 03/23/11 Governor: Acts of Assembly Chapter text (CHAP0418) pdf
AMENDMENTS
HISTORY
- 01/12/11 Senate: Prefiled and ordered printed with emergency clause; offered 01/12/11 11100705D
- 01/12/11 Senate: Referred to Committee on Commerce and Labor
- 01/17/11 Senate: Reported from Commerce and Labor (12-Y 2-N)
- 01/19/11 Senate: Constitutional reading dispensed (38-Y 0-N)
- 01/20/11 Senate: Read second time and engrossed
- 01/21/11 Senate: Read third time and passed Senate (32-Y 3-N)
- 02/07/11 House: Placed on Calendar
- 02/07/11 House: Read first time
- 02/07/11 House: Referred to Committee on Commerce and Labor
- 02/15/11 House: Reported from Commerce and Labor with amendment (13-Y 9-N)
- 02/17/11 House: Read second time
- 02/18/11 House: Passed by for the day
- 02/21/11 House: Read third time
- 02/21/11 House: Committee amendment agreed to
- 02/21/11 House: Pending question ordered
- 02/21/11 House: Engrossed by House as amended
- 02/21/11 House: Passed House with amendment (51-Y 47-N)
- 02/21/11 House: VOTE: PASSAGE (51-Y 47-N)
- 02/23/11 Senate: House amendment agreed to by Senate (37-Y 3-N)
- 02/23/11 Senate: Emergency clause deleted
- 03/03/11 Senate: Enrolled
- 03/03/11 Senate: Bill text as passed Senate and House (SB1367ER)
- 03/03/11 House: Signed by Speaker
- 03/06/11 Senate: Signed by President
- 03/23/11 Governor: Approved by Governor-Chapter 418 (effective 7/1/11)
- 03/23/11 Governor: Acts of Assembly Chapter text (CHAP0418)