Open-end loans; secured by a nonpurchase money lien on a motor vehicle, report. (HB1093)

Introduced By

Del. Mark Sickles (D-Alexandria)

Progress

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

Description

Open-end motor vehicle credit agreements; reporting requirements.  Requires unlicensed lenders making revolving loans secured by a nonpurchase money lien on a motor vehicle, as a condition to making such loans, to provide the State Corporation Commission with information annually commencing March 1, 2011, regarding the lenders and such loans. The Commission is required to prepare reports summarizing the information and to submit the reports annually to the Governor and the General Assembly. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/13/2010Committee
01/13/2010Prefiled and ordered printed; offered 01/13/10 10101733D
01/13/2010Referred to Committee on Commerce and Labor
01/27/2010Impact statement from SCC (HB1093)
02/16/2010Left in Commerce and Labor