Consumer finance companies; Internet loans, report.
Summary
Provides that the laws regulating consumer finance companies apply to persons making loans to individuals for personal, family, household, or other nonbusiness purposes over the Internet to Virginia residents or any individuals in Virginia, whether or not the person making the loans maintains a physical presence in the Commonwealth. The measure has a reenactment clause and directs the Bureau of Financial Institutions to conduct an analysis of the legal, administrative, and other relevant issues relating to the feasibility of regulating Internet lending activities by consumer finance companies.
Bill status
in committee
3 of 5 stages cleared
Introduction
Jan 2017
Committee Review
Jan 2017
Senate Passage
Jan 2017
House of Delegates Passage
Governor
Introduced Jan 9, 2017
Last action Feb 16, 2017
Floor votes
How they voted
This bill passed the Senate. No roll call record of that vote is available.
Full legislative history
Actions timeline
Total actions
13
Key actions
3
Committee
2
Amendments
3
Jan 31, 2017
Committee
Referred to Committee on Commerce and Labor
legislature
Jan 23, 2017
Introduced
Engrossed by Senate as amended SB1126E
legislature
Jan 23, 2017
Legislature · Passed
Amendment by Senator Surovell agreed to
legislature
Jan 23, 2017
Introduced
Reading of amendment waived
legislature
Jan 20, 2017
Legislature · Passed
Passed by for the day
legislature
Jan 19, 2017
Legislature · Passed
Passed by for the day
legislature
Jan 9, 2017
Committee
Referred to Committee on Commerce and Labor
legislature
Jan 9, 2017
Introduced
Prefiled and ordered printed; offered 01/11/17 17100949D
legislature
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Scott Surovell
DDemocratic
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