HB 1245 Charges on installment loans.
William P. Robinson, Jr. | all patrons    ...    notes
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Summary:
Charges on installment loans. Authorizes, for the purposes of a loan used to finance the purchase of a motor vehicle, a subsidiary or an affiliate of a bank or savings institution that is not a licensee under the Consumer Finance Act ( 6.1-244 et seq.), to charge in advance from the borrower (i) a loan fee not exceeding two percent of the loan principal and (ii) an interest rate upon the entire principal amount of the loan or pursuant to a written modification agreement.

Full text:
01/22/96  House: Presented & ordered printed 960378432  pdf
02/10/96  House: Committee substitute printed 960662432-H1  pdf
02/29/96  House: Bill text as passed House and Senate (HB1245ER)  pdf
03/22/96  Governor: Acts of Assembly Chapter text (CHAP0242)  pdf

Status:
01/22/96  House: Presented & ordered printed 960378432
01/22/96  House: Referred to Committee on Corporations, Insurance and Banking
02/10/96  House: Committee substitute printed 960662432-H1
02/10/96  House: Reported from C. I. B. w/sub. (22-Y 0-N)
02/10/96  House: Read first time
02/12/96  House: Read second time
02/12/96  House: Committee substitute agreed to 960662432-H1
02/12/96  House: Engrossed by House - com. sub. 960662432-H1
02/13/96  House: Read third time and passed House (Block Vote) (100-Y 0-N)
02/13/96  House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
02/13/96  House: Communicated to Senate
02/14/96  Senate: Read first time
02/14/96  Senate: Referred to Committee on Commerce and Labor
02/19/96  Senate: Reported from Commerce and Labor (13-Y 0-N 2-A)
02/20/96  Senate: Constitutional reading dispensed (40-Y 0-N)
02/20/96  Senate: VOTE: CONST. READING DISPENSED (40-Y 0-N)
02/21/96  Senate: Read third time
02/21/96  Senate: Passed Senate (36-Y 0-N 3-A)
02/21/96  Senate: VOTE: PASSAGE (36-Y 0-N 3-A)
02/21/96  Senate: Rec. of Sen. passage agreed to by Senate (40-Y 0-N)
02/21/96  Senate: VOTE: RECONSIDER (40-Y 0-N)
02/21/96  Senate: Passed Senate (33-Y 1-N 5-A)
02/21/96  Senate: VOTE: PASSAGE (33-Y 1-N 5-A)
02/29/96  House: Bill text as passed House and Senate (HB1245ER)
03/04/96  House: Enrolled
03/04/96  House: Signed by Speaker
03/05/96  Senate: Signed by President
03/16/96  Governor: Approved by Governor-Chapter 242 (effective 7/1/96)
03/22/96  Governor: Acts of Assembly Chapter text (CHAP0242)