shareHB12
Payday Loan Act; requires SCC to contract with one or more parties to develop etc. database.
2008 session of the Virginia General Assembly
Payday lending charges. Establishes a maximum annual interest rate for payday loans of 36 percent. References in the Payday Loan Act to the fee that may be charged on such loans are revised to refer to the interest that may be charged.
More about this bill at RichmondSunlight.org
Groups that disclosed having lobbied on HB12:*
- Community Financial Services Assn of America
- Community Loans of America
- Legal Aid Society of Roanoke Valley and It's Clients
- Va Financial Services Assn (VFSA)
- CheckSmart Financial Co
- Diamond Castle Holdings
*Other groups may have lobbied on this measure. Lobbyists are not required to disclose bill numbers, but some do so voluntarily.
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