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HB1404: Payday lending charges; establishes maximum annual interest rate.

Chief Patron

Del. Dwight Jones (D-70)

Dwight Jones (D-70)
Richmond, VA
Served: 1994–

Progress

Yes Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Status

01/10/2008: In Commerce and Labor Committee

View Entire History

Summary

Payday loans; interest cap.  Limits the interest that may be charged on a payday loan to a maximum rate of 36 percent annually.

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Video

Votes were cast on this bill on the following dates for which Richmond Sunlight has video: 01/10/2008, 02/01/2008, 02/01/2008 and 02/05/2008.

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Poll Results

10 votes

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Bill Text

Related Bills

  • HB12
    Introduced: November 27, 2007
    Status: Passed the House
    : Payday Loan Act; requires SCC to contract with one or more parties to develop, etc. database.
  • HB176
    Introduced: December 26, 2007
    Status: In Committee
    : Payday Loan Act; requires SCC to contract with one or more parties to develop, etc. database.
  • SB156
    Introduced: January 07, 2008
    Status: Failed to Pass in Committee
    : Payday Loan Act; repealing Act referring thereto.
  • HB1103
    Introduced: January 09, 2008
    Status: Failed to Pass in Committee
    : Payday Loan Act; requires SCC to contract with one or more parties to develop, etc. database.
  • HB1351
    Introduced: January 09, 2008
    Status: Failed to Pass in Committee
    : Payday Loan Act; requires SCC to contract with one or more parties to develop, etc. database.
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