2002 Regular Session

HOUSE BILL 1193

CHAPTER NUMBER: 561 File Code: Commercial Law - Credit Regulation
Sponsored By:
Delegates Bobo and McIntosh
Entitled:
Credit Regulation - Credit Services Businesses

Synopsis:

Prohibiting a credit services business, its employees, and specified independent contractors from assisting a consumer to obtain an extension of credit at a rate of interest which, except for federal preemption of State law, would be prohibited under specified provisions of law governing credit regulation; repealing a specified definition; and making conforming changes.

History by Legislative Date

House Action
2/8
First Reading Commerce and Government Matters
2/13
Hearing 3/5 at 3:00 p.m.
3/13
Favorable with Amendments Report by Commerce and Government Matters
3/14
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/18
Third Reading Passed (133-0)
4/4
Returned Passed
5/16
Signed by the Governor Chapter 561
Senate Action
3/18
First Reading Finance
3/21
Hearing 4/2 at 1:00 p.m.
4/5
Favorable Report by Finance
4/3
Favorable Report Adopted
Second Reading Passed
4/4
Third Reading Passed (47-0)
Sponsored by:
Delegate Elizabeth Bobo, District 12B
Delegate Maggie McIntosh, District 42
Bill indexed under the following Subjects:
CONSUMER PROTECTION -see also- UNFAIR TRADE PRACTICES
CREDIT
INTEREST
LOANS -see also- MORTGAGES
Bill affects the following Statute:
Commercial Law
( 14-1902 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments:
House
Number: 836582/1 (PDF)     Offered on: March 14, 2002   at: 10:25 a.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
House
March 18, 2002: Third Reading Passed (133-0)
Senate
April 4, 2002: Third Reading Passed (47-0)