2004 Regular Session

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