Payday Loan Act; requires SCC to contract with one or more parties to develop, etc. database. (HB1505)
Introduced By
Del. Sam Nixon (R-Richmond) with support from co-patron Del. Kathy Byron (R-Lynchburg)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Payday Loan Act; database. Requires the State Corporation Commission, by January 1, 2009, to certify and contract with one or more third parties to develop, implement, and maintain an Internet-accessible database, and requires payday lenders to query the database prior to making any loan to determine whether an applicant is eligible for the loan. A fee of not more than $1 may be charged to defray the costs of using the database. The proceeds from the fees shall be used only for the payment of the expenses of the administration of the Payday Loan Act and of the performance of other functions of the Bureau of Financial Institutions. Read the Bill »
Status
02/12/2008: In Committee
History
Date | Action |
---|---|
01/17/2008 | Committee |
01/17/2008 | Presented and ordered printed 088817656 |
01/17/2008 | Referred to Committee on Commerce and Labor |
01/24/2008 | Impact statement from SCC (HB1505) |
02/05/2008 | Reported from Commerce and Labor with amendment (21-Y 0-N) (see vote tally) |
02/07/2008 | Read first time |
02/08/2008 | Read second time |
02/08/2008 | Committee amendment agreed to |
02/08/2008 | Engrossed by House as amended HB1505E |
02/08/2008 | Printed as engrossed 088817656-E |
02/11/2008 | Read third time and passed House BLOCK VOTE (96-Y 0-N) |
02/11/2008 | VOTE: BLOCK VOTE PASSAGE (96-Y 0-N) (see vote tally) |
02/11/2008 | Reconsideration of passage agreed to by House |
02/11/2008 | Passed House BLOCK VOTE (98-Y 0-N) |
02/11/2008 | VOTE: BLOCK VOTE PASSAGE #2 (98-Y 0-N) (see vote tally) |
02/11/2008 | Communicated to Senate |
02/12/2008 | Constitutional reading dispensed |
02/12/2008 | Referred to Committee on Commerce and Labor |
02/13/2008 | Impact statement from SCC (HB1505E) |
03/03/2008 | Passed by for the day in Commerce and Labor |