Payday Loan Act; notice of alternative lenders. (HB2819)
Introduced By
Del. Mark Sickles (D-Alexandria) with support from co-patron Sen. Roz Dance (D-Petersburg)
Progress
✓ |
Introduced |
☐ |
Passed Committee |
✗ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Payday loans; notice of alternative lenders. Requires licensed payday lenders to place a signboard at each licensed payday lending location on which not-for-profit charitable organizations that are willing to make unsecured loans of up to $500 may post a notice advising persons about their alternative to payday loans. In addition, licensed payday lenders are required to allow financial institutions to place brochures or pamphlets regarding alternative loan programs within payday lending locations. Read the Bill »
Outcome
Bill Has Failed
History
Date | Action |
---|---|
01/10/2007 | Committee |
01/10/2007 | Prefiled and ordered printed; offered 01/10/07 070214510 |
01/10/2007 | Referred to Committee on Commerce and Labor |
01/22/2007 | Impact statement from DPB (HB2819) |
01/23/2007 | Assigned C & L sub: Financial Institutions (Dudley) |
02/01/2007 | Read first time |
02/02/2007 | Passed by for the day |
02/03/2007 | Read second time |
02/03/2007 | Committee amendment agreed to |
02/03/2007 | Engrossment refused by House |