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Tracking Virginia’s General Assembly
since 2007.

Search 2008 Bills:

SB238: Payday lending charges; establishes maximum annual interest rate.

Chief Patron

Sen. Mamie Locke (D-2)

Mamie Locke (D-2)
Served: 2004–

Progress

Yes Introduced
No Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Status

02/12/2008: Failed to Pass in Committee

View Entire History

Summary

Payday lending charges.  Establishes a maximum interest rate for payday loans 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: 02/01/2008, 02/01/2008, 02/06/2008, 02/06/2008 and 02/12/2008.

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Poll Results

8 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.
  • SB278
    Introduced: January 08, 2008
    Status: Failed to Pass in Committee
    : Payday Loan Act; repealing Act referring thereto.
  • SB670
    Introduced: January 10, 2008
    Status: Failed to Pass in Committee
    : Payday lending charges; establishes a maximum annual interest rate.
  • SB24
    Introduced: December 12, 2007
    Status: Failed to Pass in Committee
    : Payday lending charges; establishing maximum annual interest rate.
  • 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.
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