Credit Counseling Act; removes two factors that SCC is required to use when setting fees. (HB915)

Introduced By

Del. Bob Purkey (R-Virginia Beach)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Credit Counseling Act; fees. Removes two of the existing factors that the State Corporation Commission is required to use when setting the annual fee assessed on licensed credit counseling agencies. The factors being removed are the total assets held in trust by a licensee for Virginia consumers and the total revenues of a licensee from Virginia consumers. Read the Bill »


Bill Has Passed


01/08/2008Prefiled and ordered printed; offered 01/09/08 080104864
01/08/2008Referred to Committee on Commerce and Labor
01/21/2008Impact statement from SCC (HB915)
01/22/2008Reported from Commerce and Labor (22-Y 0-N) (see vote tally)
01/24/2008Read first time
01/25/2008Read second time and engrossed
01/28/2008Read third time and passed House BLOCK VOTE (99-Y 0-N)
01/28/2008VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (see vote tally)
01/28/2008Communicated to Senate
01/29/2008Constitutional reading dispensed
01/29/2008Referred to Committee on Commerce and Labor
02/25/2008Reported from Commerce and Labor (15-Y 0-N)
02/27/2008Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/28/2008Read third time
02/28/2008Passed by for the day
02/29/2008Passed by for the day
03/03/2008Read third time
03/03/2008Passed Senate (39-Y 0-N)
03/03/2008Reconsideration of Senate passage agreed to by Senate (40-Y 0-N)
03/03/2008Passed Senate (40-Y 0-N)
03/05/2008Bill text as passed House and Senate (HB915ER)
03/05/2008Impact statement from SCC (HB915ER)
03/05/2008Signed by Speaker
03/06/2008Signed by President
03/10/2008G Approved by Governor-Chapter 508 (effective 7/1/08)
03/17/2008G Acts of Assembly Chapter text (CHAP0508)