Extended service contract providers; bonding requirement, remedies, civil penalty. (SB1188)
Introduced By
Progress
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Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Description
Extended service contracts; bonding requirement; remedies; civil penalty. Eliminates the requirement that extended service contract providers file and maintain a bond or letter of credit with the Commissioner of the Department of Agriculture and Consumer Services (VDACS). The bill also (i) requires service contracts to include a disclosure advising a purchaser that he may file a complaint with VDACS if an obligor denies or does not honor a promise made in a contract within 60 days after a request; (ii) authorizes the Commissioner of VDACS, upon receiving a complaint regarding such a request, to investigate whether there has been an improper denial or failure of a purchaser's request and require the obligor to rectify or justify any improper denial or failure; and (iii) authorizes the Commissioner to (a) issue a cease and desist order; (b) deny, suspend, or revoke the obligor's registration; or (c) assess a civil penalty if the denial or failure is not rectified or sufficiently justified. The bill includes procedural provisions concerning the Commissioner's powers to deny, suspend, or revoke an obligor's registration. This bill is identical to HB 2038. Read the Bill »
Outcome
History
Date | Action |
---|---|
01/03/2019 | Prefiled and ordered printed; offered 01/09/19 19102368D |
01/03/2019 | Referred to Committee on Commerce and Labor |
01/14/2019 | Impact statement from DPB (SB1188) |
01/14/2019 | Reported from Commerce and Labor with substitute (12-Y 0-N 1-A) (see vote tally) |
01/14/2019 | Committee substitute printed 19104546D-S1 |
01/16/2019 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
01/17/2019 | Read second time |
01/17/2019 | Reading of substitute waived |
01/17/2019 | Committee substitute agreed to 19104546D-S1 |
01/17/2019 | Engrossed by Senate - committee substitute SB1188S1 |
01/18/2019 | Read third time and passed Senate (40-Y 0-N) (see vote tally) |
01/21/2019 | Impact statement from DPB (SB1188S1) |
01/22/2019 | Placed on Calendar |
01/22/2019 | Read first time |
01/22/2019 | Referred to Committee on Commerce and Labor |
02/12/2019 | House committee, floor amendments and substitutes offered |
02/12/2019 | Reported from Commerce and Labor with amendments (22-Y 0-N) (see vote tally) |
02/12/2019 | Read second time |
02/13/2019 | Read third time |
02/13/2019 | Committee amendments agreed to |
02/13/2019 | Engrossed by House as amended |
02/13/2019 | Passed House with amendments BLOCK VOTE (98-Y 0-N) |
02/13/2019 | VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally) |
02/15/2019 | House amendments agreed to by Senate (39-Y 0-N) (see vote tally) |
02/20/2019 | Enrolled |
02/20/2019 | Bill text as passed Senate and House (SB1188ER) |
02/20/2019 | Signed by President |
02/20/2019 | Signed by Speaker |
02/21/2019 | Impact statement from DPB (SB1188ER) |
02/27/2019 | Enrolled Bill Communicated to Governor on February 27, 2019 |
02/27/2019 | G Governor's Action Deadline Midnight, March 26, 2019 |
03/18/2019 | G Approved by Governor-Chapter 558 (effective 7/1/19) |
03/18/2019 | G Acts of Assembly Chapter text (CHAP0558) |