Open-end credit plans; governing law. (SB38)

Introduced By

Sen. Scott Surovell (D-Mount Vernon)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


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 to in writing by the parties. Read the Bill »


01/27/2020: Incorporated into Another Bill


11/18/2019Prefiled and ordered printed; offered 01/08/20 20101106D
11/18/2019Referred to Committee on Commerce and Labor
01/07/2020Impact statement from SCC (SB38)
01/27/2020Incorporated by Commerce and Labor (SB421-Locke) (14-Y 0-N) (see vote tally)

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