Consumer finance companies; additional charges.
Summary
Consumer finance companies; additional charges. Provides that, for the purposes of the prohibition on additional charges by consumer finance companies, exceptions to such prohibition include (i) charges for guaranteed asset protection waivers for the protection and benefit of the borrower in connection with any loan and (ii) charges for guaranteed asset protection insurance for the protection and benefit of the borrower in connection with any loan.
Bill status
signed
all 5 stages cleared
Introduction
Jan 2026
Committee Review
Mar 2026
House of Delegates Passage
Mar 2026
Senate Passage
Mar 2026
Signed into Law
Apr 2026
Introduced Jan 16, 2026
Signed Apr 8, 2026
Maddy AI version diff · 2 comparisons
What changed between versions
Enrolled
→
Chaptered
·
3 edits
MINOR
The bill was formally enacted into law as Chapter 464 of the 2026 Virginia Acts of Assembly. The substantive text of the law, which prohibits consumer finance companies from charging specific fees like commissions or notarial fees, remains unchanged. The primary differences are the addition of the official chapter number, the approval date, and the removal of the 'Enrolled' header.
Scope change
The scope of the law itself did not change; however, the document is now officially part of the 2026 Virginia Code as Chapter 464.
TECHNICAL
Added the official chapter number (Chapter 464) and the specific approval date (April 8, 2026) to the document.
Removed the 'Enrolled' session header and replaced it with the standard 'Acts of Assembly' format.
Adjusted the text formatting to align with the final published style of the Virginia Code, including spacing and indentation.
Floor votes · Senate Mar 4, 2026 · House of Delegates Feb 17, 2026
How they voted
38–0
Passed · 1 other
Total votes 39
Mar 4, 2026
D
Democratic20
100% Yea
R
Republican19
94% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
26
Key actions
10
Committee
6
Apr 8, 2026
Signed into law
Approved by Governor-Chapter 464 (effective 7/1/2026)
executive
Mar 12, 2026
Upper · Passed
Signed by President
upper
Mar 12, 2026
Lower · Passed
Signed by Speaker
lower
Mar 12, 2026
Lower · Passed
Bill text as passed House and Senate (HB1309ER)
lower
Mar 5, 2026
Upper · Passed
Passed Senate (39-Y 0-N 0-A)
upper
Mar 4, 2026
Upper · Passed
Passed by for the day (Voice Vote)
upper
Mar 2, 2026
Upper · Passed
Reported from Commerce and Labor (12-Y 1-N)
upper
Feb 18, 2026
Committee
Referred to Committee on Commerce and Labor
upper
Feb 17, 2026
Lower · Passed
Read third time and passed House Block Vote (97-Y 0-N 0-A)
lower
Feb 12, 2026
Lower · Passed
Reported from Labor and Commerce (20-Y 0-N)
lower
Feb 10, 2026
Lower · Passed
Subcommittee recommends reporting (8-Y 0-N)
lower
Jan 27, 2026
Committee
Assigned HCL sub: Subcommittee #1
lower
Jan 16, 2026
Committee
Referred to Committee on Labor and Commerce
lower
Jan 16, 2026
Introduced
Presented and ordered printed 26105258D
lower
1 primary · 1 co-sponsor
Sponsors
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