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

Introduced By

Sen. Scott Surovell (D-Mount Vernon)

Progress

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

Description

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 »

Status

11/18/2019: Awaiting a Vote in the Commerce and Labor Committee

History

DateAction
11/18/2019Prefiled and ordered printed; offered 01/08/20 20101106D
11/18/2019Referred to Committee on Commerce and Labor

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