HOUSE BILL 364

File Code: Commercial Law - Credit Regulation Crossfiled with: SENATE BILL 239

Sponsored By:

Delegates Moe, D. Davis, Frush, Kelley, and Vaughn

Entitled:

Credit Regulation - Consumer Loans - Collection of Attorney's Fees

Synopsis:

Authorizing a lender, on specified loans and under specified circumstances, to charge and collect from a borrower reasonable attorney's fees actually incurred in collecting the loan and not retained by the lender or an assignee of the loan.

History by Legislative Date

House Action

1/28

First Reading Economic Matters

2/9

Hearing 2/18 at 1:00 p.m.

3/22

Unfavorable Report by Economic Matters

Senate Action

No Action

Sponsored by:

Delegate Brian R. Moe, District 21

Delegate Dereck E. Davis, District 25

Delegate Barbara Frush, District 21

Delegate Darryl A. Kelley, District 26

Delegate Michael L. Vaughn, District 24

Bill indexed under the following Subjects:

ATTORNEYS

DEBT COLLECTION -see also- ATTACHMENTS AND GARNISHMENTS

FEES -see also- DEVELOPMENT FEES AND TAXES

LOANS -see also- MORTGAGES

Bill affects the following Statute:

Commercial Law

( 12-307.1 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)

Amendments: None offered