File Code: Commercial Law - Credit Regulation
Crossfiled with: SENATE BILL 901
- Sponsored By:
-
Delegates Barkley and Vaughn
- Entitled:
-
Credit Regulation - Retail Installment Sales and Closed End Credit - Debt
Cancellation Agreements - Definitions
Altering the definition of "debt cancellation agreement", for purposes
of specified provisions of law governing retail installment sales and
closed end credit, to include, under specified circumstances, an
agreement under which the outstanding balance of a loan is reduced by
the actual cash value of a motor vehicle or of specified collateral at
the time of loss; altering the definitions of "outstanding balance"
and "remaining loan balance" to exclude deferred payments and a
specified portion of any financed taxes and charges; etc.
Legislative date is used to record
history occurring in the Chambers
otherwise Calendar date is used.
For explanation of terms
click here.
House Action
- 2/10
- First Reading Economic Matters
- 2/13
- Hearing 2/28 at 1:00 p.m.
- 3/21
- Favorable with Amendments Report by Economic Matters
- 3/18
- Favorable with Amendments {583294/1 Report Adopted
- Second Reading Passed with Amendments
- 3/19
- Third Reading Passed (136-0)
- 4/1
- House Concur - Senate Amendments
- Third Reading Passed (136-2)
- Passed Enrolled
Senate Action
- 3/20
- First Reading Finance
- 3/26
- Hearing 3/28 at 1:00 p.m.
- 4/4
- Favorable with Amendments Report by Finance
- 3/29
- Favorable with Amendments {207575/1 Report Adopted
- Second Reading Passed with Amendments
- 3/30
- Third Reading Passed with Amendments (45-1)
Action after passage in House and Senate
- 5/22
- Approved by the Governor
- - Chapter 619
Sponsored by:
- Delegate Charles Barkley, District 39
- Delegate Michael L. Vaughn, District 24
Bill indexed under the following Subjects:
- Contracts -see also- Land Installment Contracts; Procurement
- Credit
- Debt Collection -see also- Attachments and Garnishments
- Loans -see also- Mortgages
- Motor Vehicles -see also- Aband Veh; Ambulances; Buses; etc.
Bill affects the following Statutes:
- Commercial Law
- (
12-601
,
12-601
,
12-1001
)
All documents except Roll Call Votes are
displayed in PDF format:
- Bill Text:
First Reading,
Third Reading, Enrolled, Chapter
- Fiscal and Policy Note:
Available
- Amendments:
House
- Number: 583294/01 Offered on: March 21, 2012 at:
11:50 a.m. Status: Adopted
Senate
- Number: 207575/01 Offered on: April 4, 2012 at:
5:31 p.m. Status: Adopted
-
Committee Votes :
House
- Economic Matters
Senate
- Finance
- Roll Call Votes (Legislative dates are shown):
House
- March 19, 2012: Third Reading Passed (136-0)
- April 1, 2012: Third Reading Passed (136-2)
Senate
- March 30, 2012: Third Reading Passed (45-1)
