Payday loan offices and motor vehicle title loan offices; distance from military installation. (HB634)

Introduced By

Sen. John Bell (D-Chantilly) with support from co-patron Del. Marcus Simon (D-Falls Church)

Progress

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

Description

Payday loan offices and motor vehicle titleloan offices; distance from military installation. Prohibits the State Corporation Commission (SCC) from issuing a license for the operation of a payday lending office or motor vehicle title lending office if such office is within five miles of a military installation. The measure includes limitations on the SCC's authority to revoke or suspend an existing license when a violation of the five-mile provision exists on July 1, 2016, or when a violation would be created by the opening of a military installation after a license was issued. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/11/2016Committee
01/11/2016Prefiled and ordered printed; offered 01/13/16 16102668D
01/11/2016Referred to Committee on Commerce and Labor
01/14/2016Impact statement from SCC (HB634)
01/26/2016Assigned to sub: Special Sub-Consumer Lending
01/26/2016Assigned C & L sub: Special Sub-Consumer Lending
02/04/2016Subcommittee recommends laying on the table (7-Y 0-N)
02/16/2016Left in Commerce and Labor