Extended service contract providers; bonding requirement, remedies, civil penalty. (SB1188)

Introduced By

Sen. Roz Dance (D-Petersburg)

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 (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. Amends § 59.1-437, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/03/2019Prefiled and ordered printed; offered 01/09/19 19102368D
01/03/2019Referred to Committee on Commerce and Labor
01/14/2019Impact statement from DPB (SB1188)
01/14/2019Reported from Commerce and Labor with substitute (12-Y 0-N 1-A) (see vote tally)
01/14/2019Committee substitute printed 19104546D-S1
01/16/2019Constitutional reading dispensed (40-Y 0-N) (see vote tally)
01/17/2019Read second time
01/17/2019Reading of substitute waived
01/17/2019Committee substitute agreed to 19104546D-S1
01/17/2019Engrossed by Senate - committee substitute SB1188S1
01/18/2019Read third time and passed Senate (40-Y 0-N) (see vote tally)
01/21/2019Impact statement from DPB (SB1188S1)
01/22/2019Placed on Calendar
01/22/2019Read first time
01/22/2019Referred to Committee on Commerce and Labor
02/12/2019House committee, floor amendments and substitutes offered
02/12/2019Reported from Commerce and Labor with amendments (22-Y 0-N) (see vote tally)
02/12/2019Read second time
02/13/2019Read third time
02/13/2019Committee amendments agreed to
02/13/2019Engrossed by House as amended
02/13/2019Passed House with amendments BLOCK VOTE (98-Y 0-N)
02/13/2019VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally)
02/15/2019House amendments agreed to by Senate (39-Y 0-N) (see vote tally)
02/20/2019Enrolled
02/20/2019Bill text as passed Senate and House (SB1188ER)
02/20/2019Signed by President
02/20/2019Signed by Speaker
02/21/2019Impact statement from DPB (SB1188ER)
02/27/2019Enrolled Bill Communicated to Governor on February 27, 2019
02/27/2019G Governor's Action Deadline Midnight, March 26, 2019
03/18/2019G Approved by Governor-Chapter 558 (effective 7/1/19)
03/18/2019G Acts of Assembly Chapter text (CHAP0558)

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