Open-end lending by banks, savings institutions, etc.; determining grace period. (HB1800)

Introduced By

Del. Ron Villanueva (R-Virginia Beach)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Open-end lending by banks and savings institutions; credit cards; grace period. Adjusts the period used in determining whether a borrower has repaid his open-end credit card balance in full and therefore is exempt from a finance charge on purchases of merchandise or services. The measure provides that the lender shall not impose a finance charge if payment in full of the unpaid balance owing for extensions of credit is received prior to the next payment due date and requires the next payment due date to be at least 25 days after the prior payment due date. Under existing law the billing date, rather than the payment due date, applies. Read the Bill »


Bill Has Passed


01/13/2015Prefiled and ordered printed; offered 01/14/15 15102518D
01/13/2015Referred to Committee on Commerce and Labor
01/21/2015Impact statement from SCC (HB1800)
01/22/2015Reported from Commerce and Labor with substitute (21-Y 0-N) (see vote tally)
01/22/2015Committee substitute printed 15104055D-H1
01/26/2015Read first time
01/27/2015Read second time
01/27/2015Committee substitute agreed to 15104055D-H1
01/27/2015Engrossed by House - committee substitute HB1800H1
01/28/2015Read third time and passed House (97-Y 0-N 1-A)
01/28/2015VOTE: PASSAGE (97-Y 0-N 1-A) (see vote tally)
01/28/2015Impact statement from SCC (HB1800H1)
01/29/2015Constitutional reading dispensed
01/29/2015Referred to Committee on Commerce and Labor
02/16/2015Reported from Commerce and Labor with substitute (11-Y 0-N) (see vote tally)
02/16/2015Committee substitute printed 15104055D-S1
02/18/2015Constitutional reading dispensed (38-Y 0-N) (see vote tally)
02/19/2015Read third time
02/19/2015Reading of substitute waived
02/19/2015Committee substitute agreed to 15104055D-S1
02/19/2015Engrossed by Senate - committee substitute HB1800S1
02/19/2015Passed Senate with substitute (38-Y 0-N) (see vote tally)
02/20/2015Placed on Calendar
02/20/2015Impact statement from SCC (HB1800S1)
02/23/2015Senate substitute rejected by House 15104055D-S1 (5-Y 92-N 1-A)
02/23/2015VOTE: REJECTED (5-Y 92-N 1-A) (see vote tally)
02/24/2015Senate insisted on substitute (39-Y 0-N) (see vote tally)
02/24/2015Senate requested conference committee
02/25/2015House acceded to request
02/25/2015Conferees appointed by House
02/25/2015Delegates: Villanueva, Byron, Sickles
02/25/2015Conferees appointed by Senate
02/25/2015Senators: Chafin, McWaters, Dance
02/26/2015C Amended by conference committee
02/26/2015Conference substitute printed 15105587D-H2
02/26/2015Conference report agreed to by House (97-Y 0-N 1-A)
02/26/2015VOTE: ADOPTION (97-Y 0-N 1-A) (see vote tally)
02/27/2015Conference report agreed to by Senate (37-Y 0-N) (see vote tally)
03/02/2015Impact statement from SCC (HB1800H2)
03/06/2015Bill text as passed House and Senate (HB1800ER)
03/06/2015Signed by Speaker
03/07/2015Signed by President
03/10/2015Impact statement from SCC (HB1800ER)
03/10/2015Enrolled Bill communicated to Governor on 3/10/15
03/10/2015G Governor's Action Deadline Midnight, Sunday, March 29, 2015
03/23/2015G Approved by Governor-Chapter 454 (effective 7/1/15)
03/23/2015G Acts of Assembly Chapter text (CHAP0454)


This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 4 clips in all, totaling 2 minutes.