Motor vehicle title loans; caps rate of interest that may be charged. (HB325)

Introduced By

Del. Harvey Morgan (R-Gloucester) with support from co-patron Del. David Toscano (D-Charlottesville)

Progress

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

Description

Motor vehicle title loans. Caps the rate of interest that may be charged on loans secured by a motor vehicle title at 36% per year. Read the Bill »

Status

02/09/2006: Failed to Pass in Committee

History

DateAction
01/04/2006Prefiled and ordered printed; offered 01/11/06 062628428
01/04/2006Referred to Committee on Transportation
01/17/2006Referred from Transportation
01/17/2006Referred to Committee on Commerce and Labor
01/19/2006Assigned to Commerce and Labor sub-committee: Financial Institutions (Dudley)
02/09/2006Continued to 2007 in Commerce and Labor