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Developed and maintained by the Division of Legislative Automated Systems.
2015 SESSION
HB 1800 Open-end lending by banks, savings institutions, etc.; determining grace period.
Introduced by: Ronald A. Villanueva | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Open-end lending by banks, savings institutions, and credit unions; credit cards; grace period. Adjusts the period used in determining whether a borrower has repaid his open-end credit card balance in full and therefore is exempt from a finance charge on purchases of merchandise or services. The measure provides that a bank, savings institution, or credit union shall not impose a finance charge on purchases of merchandise or services by credit card if payment in full of the unpaid balance owing for extensions of credit is received prior to the payment due date and requires the payment due date to be at least 25 days later than the billing date. The requirement for a 25-day grace period for payments on an open-end credit plan by a credit union that does not involve a credit card is deleted. Under existing law, the next billing date, rather than the payment due date, applies. This bill is identical to SB 859.
FULL TEXT
- 01/13/15 House: Prefiled and ordered printed; offered 01/14/15 15102518D pdf | impact statement
- 01/22/15 House: Committee substitute printed 15104055D-H1 pdf | impact statement
- 02/16/15 Senate: Committee substitute printed 15104055D-S1 pdf | impact statement
- 02/26/15 House: Conference substitute printed 15105587D-H2 pdf | impact statement
- 03/06/15 House: Bill text as passed House and Senate (HB1800ER) pdf | impact statement
- 03/23/15 Governor: Acts of Assembly Chapter text (CHAP0454) pdf
AMENDMENTS
HISTORY
- 01/13/15 House: Prefiled and ordered printed; offered 01/14/15 15102518D
- 01/13/15 House: Referred to Committee on Commerce and Labor
- 01/22/15 House: Reported from Commerce and Labor with substitute (21-Y 0-N)
- 01/22/15 House: Committee substitute printed 15104055D-H1
- 01/26/15 House: Read first time
- 01/27/15 House: Read second time
- 01/27/15 House: Committee substitute agreed to 15104055D-H1
- 01/27/15 House: Engrossed by House - committee substitute HB1800H1
- 01/28/15 House: Read third time and passed House (97-Y 0-N 1-A)
- 01/28/15 House: VOTE: PASSAGE (97-Y 0-N 1-A)
- 01/29/15 Senate: Constitutional reading dispensed
- 01/29/15 Senate: Referred to Committee on Commerce and Labor
- 02/16/15 Senate: Reported from Commerce and Labor with substitute (11-Y 0-N)
- 02/16/15 Senate: Committee substitute printed 15104055D-S1
- 02/18/15 Senate: Constitutional reading dispensed (38-Y 0-N)
- 02/19/15 Senate: Read third time
- 02/19/15 Senate: Reading of substitute waived
- 02/19/15 Senate: Committee substitute agreed to 15104055D-S1
- 02/19/15 Senate: Engrossed by Senate - committee substitute HB1800S1
- 02/19/15 Senate: Passed Senate with substitute (38-Y 0-N)
- 02/20/15 House: Placed on Calendar
- 02/23/15 House: Senate substitute rejected by House 15104055D-S1 (5-Y 92-N 1-A)
- 02/23/15 House: VOTE: REJECTED (5-Y 92-N 1-A)
- 02/24/15 Senate: Senate insisted on substitute (39-Y 0-N)
- 02/24/15 Senate: Senate requested conference committee
- 02/25/15 House: House acceded to request
- 02/25/15 House: Conferees appointed by House
- 02/25/15 House: Delegates: Villanueva, Byron, Sickles
- 02/25/15 Senate: Conferees appointed by Senate
- 02/25/15 Senate: Senators: Chafin, McWaters, Dance
- 02/26/15 Conference: Amended by conference committee
- 02/26/15 House: Conference substitute printed 15105587D-H2
- 02/26/15 House: Conference report agreed to by House (97-Y 0-N 1-A)
- 02/26/15 House: VOTE: ADOPTION (97-Y 0-N 1-A)
- 02/27/15 Senate: Conference report agreed to by Senate (37-Y 0-N)
- 03/06/15 House: Enrolled
- 03/06/15 House: Bill text as passed House and Senate (HB1800ER)
- 03/06/15 House: Signed by Speaker
- 03/07/15 Senate: Signed by President
- 03/10/15 House: Enrolled Bill communicated to Governor on 3/10/15
- 03/10/15 Governor: Governor's Action Deadline Midnight, Sunday, March 29, 2015
- 03/23/15 Governor: Approved by Governor-Chapter 454 (effective 7/1/15)
- 03/23/15 Governor: Acts of Assembly Chapter text (CHAP0454)