HOUSE BILL 1193

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)