Open-end credit plans; caps amount of loan origination fee. (HB1442)

Introduced By

Del. Peter Farrell (R-Henrico)

Progress

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

Description

Open-end credit plans; loan origination fee. Caps the amount of the origination fee that may be charged under an open-end credit plan to five percent of the initial maximum amount that may be borrowed under the credit plan. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
11/29/2016Committee
11/29/2016Prefiled and ordered printed; offered 01/11/17 17101572D
11/29/2016Referred to Committee on Commerce and Labor
01/05/2017Impact statement from SCC (HB1442)
01/20/2017Assigned C & L sub: Special Sub-Consumer Lending
01/26/2017Subcommittee recommends laying on the table
02/08/2017Left in Commerce and Labor