Open-end credit plans; prohibits creditor from extending credit at an annual rate that exceeds 36%. (HB184)

Introduced By

Del. Mark Levine (D-Alexandria) with support from co-patrons Del. Kaye Kory (D-Falls Church), and Del. Ibraheem Samirah (D-Herndon)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Open-end credit plans. Prohibits a creditor from extending credit under an open-end credit plan at an annual rate that exceeds 36 percent unless the credit is extended by the seller of personal, family, or household goods for the sole purpose of financing the purchase price. Read the Bill »

Status

01/21/2020: Incorporated into Another Bill

History

DateAction
12/26/2019Committee
12/26/2019Prefiled and ordered printed; offered 01/08/20 20101005D
12/26/2019Referred to Committee on Labor and Commerce
01/07/2020Impact statement from SCC (HB184)
01/21/2020Incorporated by Labor and Commerce (HB789-Bagby)

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