Open-end credit agreements; sellers of certain goods to extend credit. (SB165)
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
Open-end credit agreements. Allows only sellers of goods to be used for personal, family, or household purposes to extend credit under an open-end credit agreement. Such extensions of credit may be made only to the purchaser of the goods for the sole purpose of financing the bona fide purchase price of such goods. Read the Bill »
Outcome
Bill Has Failed
History
Date | Action |
---|---|
12/30/2015 | Prefiled and ordered printed; offered 01/13/16 16100865D |
12/30/2015 | Referred to Committee on Commerce and Labor |
01/12/2016 | Impact statement from SCC (SB165) |
01/25/2016 | Failed to report (defeated) in Commerce and Labor (4-Y 9-N 1-A) (see vote tally) |