Payday loans; increases minimum term. (HB626)

Introduced By

Del. Joseph Johnson (D-Abingdon)

Progress

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

Description

Payday loans; term. Increases the minimum term of a payday loan from seven to 60 days. Provisions requiring the posting of fees for sample loans are amended to reflect the extended minimum term. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/10/2006Prefiled and ordered printed; offered 01/11/06 067878356
01/10/2006Referred to Committee on Commerce and Labor
01/18/2006Assigned to Commerce and Labor sub-committee: Financial Institutions (Dudley)
02/09/2006Incorporated by Commerce and Labor (HB912-Oder)