Open-end credit plans; governing law.
Summary
Provides that an open-end credit plan shall be governed solely by federal law and the laws of the Commonwealth, regardless of whether the seller or lender has a physical location in the Commonwealth. The measure removes a provision that allows another jurisdiction's laws to govern if expressly agreed to in writing by the parties.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2019
Committee Review
Floor Vote
Governor
Introduced Jan 10, 2019
Last action Feb 5, 2019
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
4
Key actions
0
Committee
2
Jan 15, 2019
Committee
Assigned C & L sub: Subcommittee #1
lower
Jan 10, 2019
Committee
Referred to Committee on Commerce and Labor
lower
Jan 10, 2019
Introduced
Presented and ordered printed 19102255D
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
David E. Yancey
RRepublican
Ask Maddy
·
AI policy assistant
Ask Maddy about HB 2630
Scope: VA
Hi! I can help you understand HB 2630. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline