Thursday, July 24, 2008
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Tracking Virginia’s General Assembly
since 2007.
HB1505: Payday Loan Act; requires SCC to contract with one or more parties to develop, etc. database.
Chief Patron
Del.
Sam Nixon (R-27)
Sam Nixon
(R-27)
Richmond, VA
Served: 1994–
Progress
 |
Introduced |
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Passed Committee |
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Passed House |
 |
Passed Senate |
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Signed by Governor |
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Became Law |
Status
02/12/2008: In Committee
Summary
Payday Loan Act; database. Requires the State Corporation Commission, by January 1, 2009, to certify and contract with one or more third parties to develop, implement, and maintain an Internet-accessible database, and requires payday lenders to query the database prior to making any loan to determine whether an applicant is eligible for the loan. A fee of not more than $1 may be charged to defray the costs of using the database. The proceeds from the fees shall be used only for the payment of the expenses of the administration of the Payday Loan Act and of the performance of other functions of the Bureau of Financial Institutions.
View Full Text »Video
Votes were cast on this bill on the following dates for which Richmond Sunlight has video: 01/17/2008, 01/24/2008, 01/24/2008, 02/07/2008, 02/07/2008, 02/08/2008, 02/08/2008, 02/11/2008, 02/12/2008, 02/13/2008 and 02/13/2008.
Poll Results
6 votes
Tags
Bill Text
Related Bills
Status: Passed the House
Status: Failed to Pass in Committee
Status: Passed the Senate
Status: Failed to Pass in Committee
Status: Failed to Pass in Committee
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