VirginiaFinancial services; right of buyer to refinance certain payments, exemption.
What it does
Financial services; right of buyer to refinance certain payments; exemption. Provides that provisions authorizing a buyer of consumer goods to refinance an installment payment when such payment is greater than 10 percent more than the regular installment payments do not apply to the purchase of a motor vehicle, provided that the financing agreement includes a payment schedule that is disclosed to the buyer and no installment payment is more than 50 percent greater than the regular installment payments.
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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
- Feb 18Left in Labor and CommerceLatest
- Feb 10Subcommittee recommends striking from the docket (9-Y 0-N)
- Vote recorded Subcommittee recommends striking from the docket. Result: pass.Lower
- Feb 8Fiscal Impact Statement from State Corporation Commission (HB1505)
- Feb 3Assigned HCL sub: Subcommittee #1Minor
- Jan 23Referred to Committee on Labor and CommerceMinor
- Jan 23Presented and ordered printed 26103567DIntroduced