Extended service contracts; bonding requirement, remedies, civil penalty. (HB2038)

Introduced By

Del. Margaret Ransone (R-Kinsale)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
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. The measure also (i) requires service contracts to include a disclosure advising a purchaser that he may file a complaint with the Department of Agriculture and Consumer Services 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 Agriculture and Consumer Services, 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 measure includes procedural provisions concerning the Commissioner's powers to deny, revoke, or suspend an obligor's registration. Amends § 59.1-437, of the Code of Virginia. Read the Bill »

Status

01/15/2019: passed committee

History

DateAction
01/07/2019Committee
01/07/2019Prefiled and ordered printed; offered 01/09/19 19104036D
01/07/2019Referred to Committee on Commerce and Labor
01/15/2019Reported from Commerce and Labor with amendment (22-Y 0-N) (see vote tally)
01/17/2019Read first time
01/18/2019Read second time
01/18/2019Committee amendment agreed to
01/18/2019Engrossed by House as amended HB2038E
01/18/2019Printed as engrossed 19104036D-E

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