Friday, July 25, 2008
The General Assembly is not in session.
Tracking Virginia’s General Assembly
since 2007.
HB2819: Payday Loan Act; notice of alternative lenders.
Chief Patron
Del.
Mark Sickles (D-43)
Mark Sickles
(D-43)
Alexandria, VA
Served: 2004–
Progress
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Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Status
Bill is Dead
Summary
Payday loans; notice of alternative lenders. Requires licensed payday lenders to place a signboard at each licensed payday lending location on which not-for-profit charitable organizations that are willing to make unsecured loans of up to $500 may post a notice advising persons about their alternative to payday loans. In addition, licensed payday lenders are required to allow financial institutions to place brochures or pamphlets regarding alternative loan programs within payday lending locations.
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Poll Results
8 votes
