VirginiaConsumer finance companies; additional charges.
What it does
Consumer finance companies; additional charges. Provides that, for the purposes of the prohibition on additional charges by consumer finance companies, exceptions to such prohibition include (i) charges for guaranteed asset protection waivers for the protection and benefit of the borrower in connection with any loan and (ii) charges for guaranteed asset protection insurance for the protection and benefit of the borrower in connection with any loan.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Apr 8Acts of Assembly Chapter text (CHAP0464)Latest
- Apr 8Approved by Governor Abigail Spanberger-Chapter 464 (effective 7/1/2026)Became Law
- Apr 6Fiscal Impact Statement from State Corporation Commission (HB1309)
- Mar 14Governor's Action Deadline 11:59 p.m., April 13, 2026To Governor
- Mar 14Enrolled Bill communicated to Governor on March 14, 2026Minor
- Mar 12Signed by PresidentMajor
- Mar 12Signed by SpeakerMajor
- Mar 12Bill text as passed House and Senate (HB1309ER)Major
- Mar 12EnrolledMinor
- Mar 5Passed Senate (39-Y 0-N 0-A)Passed Senate
- Vote recorded Passage R. Result: pass.Upper
- Mar 5Read third timeMinor
- Mar 4Passed by for the day (Voice Vote)
- Vote recorded Constitutional reading dispensed (on 2nd reading). Result: pass.Upper
- Mar 4Constitutional reading dispensed (on 2nd reading) (39-Y 0-N 0-A)
- Mar 4Rules suspended
- Mar 2Reported from Commerce and Labor (12-Y 1-N)Minor
- Vote recorded Reported from Commerce and Labor. Result: pass.Upper
- Feb 18Referred to Committee on Commerce and LaborMinor
- Feb 18Constitutional reading dispensed (on 1st reading)
- Feb 17Read third time and passed House Block Vote (97-Y 0-N 0-A)Passed House
- Vote recorded H VOTE:. Result: pass.Lower
- Feb 16Read second time and engrossedMinor
- Feb 15Read first timeMinor
- Feb 12Reported from Labor and Commerce (20-Y 0-N)Minor
- Vote recorded Reported from Labor and Commerce. Result: pass.Lower
- Feb 10Subcommittee recommends reporting (8-Y 0-N)
- Vote recorded Subcommittee recommends reporting. Result: pass.Lower
- Jan 27Assigned HCL sub: Subcommittee #1Minor
- Jan 25Fiscal Impact Statement from State Corporation Commission (HB1309)
- Jan 16Referred to Committee on Labor and CommerceMinor
- Jan 16Presented and ordered printed 26105258DIntroduced