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HB404

Open-end credit plans; prohibits a creditor from extending credit at an annual rate exceeding 36%.

Status:
Killed

Chief Patron:
Mark Levine (D)

Session:
2018 Regular Session

Summary

As Introduced. Open-end credit plans.

Prohibits a creditor from extending credit under an open-end credit plan at an annual rate that exceeds 36 percent unless the credit is extended by the seller of personal, family, or household goods for the sole purpose of financing the purchase price.

  • Bill History

  • 01/05/2018 - House: Prefiled and ordered printed; offered 01/10/18 18103081D
  • 01/05/2018 - House: Referred to Committee on Commerce and Labor
  • 01/12/2018 - House: Impact statement from SCC (HB404)
  • 01/30/2018 - House: Assigned C & L sub: Subcommittee #3
  • 02/06/2018 - House: Subcommittee recommends passing by indefinitely (6-Y 2-N)
  • 02/13/2018 - House: Left in Commerce and Labor

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com

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