Open-end credit plans; prohibits a creditor from extending credit at an annual rate exceeding 36%. (HB404)
Introduced By
Del. Mark Levine (D-Alexandria) with support from co-patrons Del. Paul Krizek (D-Alexandria), and Del. Kathleen Murphy (D-McLean)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Open-end credit plans. Prohibits a creditor from extending credit under an open-end credit plan at an annual rate that exceeds 36 percent unless the credit is extended by the seller of personal, family, or household goods for the sole purpose of financing the purchase price. Read the Bill »
Outcome
Bill Has Failed
History
| Date | Action |
|---|---|
| 01/05/2018 | Committee |
| 01/05/2018 | Prefiled and ordered printed; offered 01/10/18 18103081D |
| 01/05/2018 | Referred to Committee on Commerce and Labor |
| 01/12/2018 | Impact statement from SCC (HB404) |
| 01/30/2018 | Assigned C & L sub: Subcommittee #3 |
| 02/06/2018 | Subcommittee recommends passing by indefinitely (6-Y 2-N) |
| 02/13/2018 | Left in Commerce and Labor |