Motor vehicle title loans; Bureau of Financial Institutions to study interest rates. (HJ112)

Introduced By

Del. Mark Sickles (D-Alexandria)

Progress

Introduced
Passed Committee
Passed House
Passed Senate

Description

Study; reasonableness of interest rates on motor vehicle title loans; report. Requests the Bureau of Financial Institutions of the State Corporation Commission to study the reasonableness of interest rates on motor vehicle title loans, including the profitability of such loans and how such rates and profit levels compare with those for alternative types of loans. The Bureau is directed to report its findings to the Governor and the General Assembly by the first day of the 2021 Regular Session of the General Assembly. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/08/2020Committee
01/08/2020Prefiled and ordered printed; offered 01/08/20 20102151D
01/08/2020Referred to Committee on Rules
01/27/2020Assigned Rules sub: Studies
02/03/2020Subcommittee recommends striking from docket (4-Y 0-N)
02/11/2020Left in Rules

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