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 in writing by the parties. Amends § 6.2-435, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/10/2019Committee
01/10/2019Presented and ordered printed 19102255D
01/10/2019Referred to Committee on Commerce and Labor
01/14/2019Impact statement from SCC (HB2630)
01/15/2019Assigned C & L sub: Subcommittee #1
01/29/2019Subcommittee recommends laying on the table (5-Y 2-N)
02/05/2019Left in Commerce and Labor

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