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2020 SESSION
SB 38 Open-end credit plans; governing law.
Introduced by: Scott A. Surovell | 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
- 11/18/19 Senate: Prefiled and ordered printed; offered 01/08/20 20101106D
- 11/18/19 Senate: Referred to Committee on Commerce and Labor
- 01/27/20 Senate: Incorporated by Commerce and Labor (SB421-Locke) (14-Y 0-N)