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