Financial institutions; liability when instructions of attorney-in-fact disregarded. (HB354)

Introduced By

Del. Glenn Davis (R-Virginia Beach)

Progress

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

Description

Financial institutions; liability when instructions of attorney-in-fact disregarded. Provides that neither an individual nor his attorney-in-fact is liable to repay a loan made by a financial institution to the individual when the individual's attorney-in-fact has requested or instructed the financial institution not to lend funds to the individual and the financial institution loans money to the individual in disregard of the request or instruction. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/01/2020Committee
01/01/2020Prefiled and ordered printed; offered 01/08/20 20103766D
01/01/2020Referred to Committee on Labor and Commerce
01/07/2020Impact statement from SCC (HB354)
01/23/2020House committee, floor amendments and substitutes offered
01/30/2020Stricken from docket by Labor and Commerce (18-Y 0-N) (see vote tally)

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