Open-end credit plans; governing law. (HB2630)
Introduced By
Del. David Yancey (R-Newport News)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Open-end credit plans; governing law. Provides that an open-end credit plan shall be governed solely by federal law and the laws of the Commonwealth, regardless of whether the seller or lender has a physical location in the Commonwealth. The measure removes a provision that allows another jurisdiction's laws to govern if expressly agreed to in writing by the parties. Read the Bill »
Outcome
Bill Has Failed
History
| Date | Action |
|---|---|
| 01/10/2019 | Committee |
| 01/10/2019 | Presented and ordered printed 19102255D |
| 01/10/2019 | Referred to Committee on Commerce and Labor |
| 01/14/2019 | Impact statement from SCC (HB2630) |
| 01/15/2019 | Assigned C & L sub: Subcommittee #1 |
| 01/29/2019 | Subcommittee recommends laying on the table (5-Y 2-N) |
| 02/05/2019 | Left in Commerce and Labor |