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