Consumer finance companies; annual reports. (SB167)
Introduced By
Sen. Scott Surovell (D-Mount Vernon) with support from co-patron Sen. Janet Howell (D-Reston)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Consumer finance companies; annual reports. Requires any consumer finance company that shares a location with a licensed motor vehicle title lender to file an annual report with the State Corporation Commission (SCC) that provides (i) information on the number of motor vehicles repossessed by the consumer finance company following a loan default by the borrower and (ii) the same types of information that the licensed motor vehicle title lender is required to include in its annual report to the SCC. Read the Bill »
Outcome
Bill Has Failed
History
Date | Action |
---|---|
12/30/2015 | Prefiled and ordered printed; offered 01/13/16 16100377D |
12/30/2015 | Referred to Committee on Commerce and Labor |
01/25/2016 | Impact statement from SCC (SB167) |
01/25/2016 | Failed to report (defeated) in Commerce and Labor (6-Y 7-N 1-A) (see vote tally) |