Retail Franchising Act; requirement of SCC for franchise registration. (HB2786)

Introduced By

Del. Johnny Joannou (D-Portsmouth)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Retail Franchising Act. Authorizes the State Corporation Commission to require, as a condition of franchise registration, that the franchise fees and other funds paid by a franchisee to the franchisor be escrowed or deferred until the franchisor's preopening obligations are fulfilled, if the liabilities of the franchisor or any controlling person exceed the franchisor's liabilities. The measure also clarifies that it is not unlawful for a person to grant an unregistered franchise if the franchise is exempted from registration by the Commission by rule or order. Read the Bill »


03/20/2007: signed by governor


01/10/2007Prefiled and ordered printed; offered 01/10/07 070167352
01/10/2007Referred to Committee on Commerce and Labor
01/19/2007Committee substitute printed 070242352-H1
01/22/2007Read first time
01/22/2007Impact statement from SCC (HB2786)
01/23/2007Read second time
01/23/2007Committee substitute agreed to 070242352-H1
01/23/2007Engrossed by House - committee substitute HB2786H1
01/23/2007Impact statement from SCC (HB2786H1)
01/24/2007Read third time and passed House BLOCK VOTE (97-Y 0-N)
01/24/2007Communicated to Senate
01/25/2007Constitutional reading dispensed
01/25/2007Referred to Committee on Commerce and Labor
02/14/2007Reconsideration of Pass By for the Day agreed to (40-Y 0-N)
02/14/2007Constitutional reading dispensed (40-Y 0-N)
02/14/2007Reconsideration of Passed by for the day agreed to (40-Y 0-N)
02/14/2007VOTE: (40-Y 0-N) (see vote tally)
02/14/2007Passed by for the day
02/15/2007Read third time
02/15/2007Passed Senate (38-Y 0-N)
02/15/2007VOTE: (38-Y 0-N) (see vote tally)
02/21/2007Bill text as passed House and Senate (HB2786ER)
02/22/2007Impact statement from SCC (HB2786ER)
02/22/2007Signed by Speaker
02/23/2007Signed by President
03/20/2007G Approved by Governor-Chapter 668 (effective 7/1/07)
04/05/2007G Acts of Assembly Chapter text (CHAP0668)