Pay day loan Act; requires SCC to contract with more than one events to produce, etc. Database. (HB12)

Pay day loan Act; requires SCC to contract with more than one events to produce, etc. Database. (HB12)

Introduced By

Del. Glenn Oder (R-Newport News) with help from 13 copatrons, whose typical position that is partisan:

Progress

Introduced Passed Committee Passed House Passed Senate Finalized by Governor Became Legislation

Description

Payday financing costs. Establishes a maximum interest that is annual for pay day loans of 36 per cent. Recommendations within the cash advance Act towards the charge which may be charged on such loans are revised to refer into the interest which may be charged. Browse the Bill »

Reputation

03/12/2008: Passed the General Assembly

History

Date Action
11/27/2007 Committee
11/27/2007 Prefiled and ordered printed; provided 01/09/08 087795668
11/27/2007 known Committee on Commerce and Labor
01/23/2008 Impact statement from SCC (HB12)
02/05/2008 Reported from Commerce and Labor with replacement (19-Y 3-N) (see vote tally)
02/06/2008 Committee substitute printed 080182668-H1
02/07/2008 Read time that is first browse second time
02/08/2008 Committee replacement consented to 080182668-H1
02/08/2008 Engrossed by home – committee substitute HB12H1
02/11/2008 browse third time and passed House (91-Y 7-N)
02/11/2008 VOTE: — PASSAGE (91-Y 7-N) (see vote tally)
02/11/2008 Communicated to Senate
02/12/2008 Constitutional reading dispensed
02/12/2008 Referred to Committee on Commerce and Labor
02/15/2008 Impact statement from SCC (HB12H1)
03/03/2008 Reported from Commerce and work with replacement (13-Y 0-N)
03/03/2008 Committee substitute printed 089577668-S1
03/04/2008 Constitutional reading dispensed (40-Y 0-N)
03/04/2008 browse third time
03/04/2008 Reading of substitute waived
03/04/2008 Committee substitute decided to 089577668-S1
03/04/2008 Passed by for your day
03/05/2008 browse 3rd time
03/05/2008 Passed by for your day
03/06/2008 browse 3rd time
03/06/2008 Passed by temporarily
03/06/2008 learning of amendments waived
03/06/2008 Amendments by Senator Stolle consented to
03/06/2008 Engrossed by Senate – committee replacement with amendments HB12S1
03/06/2008 Passed Senate with substitute with amendments (37-Y 2-N 1-A)
03/06/2008 positioned on Calendar
03/06/2008 Senate replacement with amendments decided to by House 089577668-S1 (77-Y 4-N)
03/06/2008 VOTE: — ADOPTION (77-Y 4-N)
03/08/2008 Enrolled
03/08/2008 Bill text as passed away home and Senate (HB12ER)
03/08/2008 finalized by Speaker
03/11/2008 finalized by President
03/11/2008 influence declaration from SCC (HB12ER)
03/12/2008 finalized by President
03/12/2008 finalized by Speaker
04/11/2008 Governor’s recommendation gotten by home

Duplicate Bills

The bills that are following exactly the same as this 1: SB24 and SB670. (meer…)

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TERMINOLOGY

The Federal Housing Administration (FHA), with the Department of Housing and Urban developing (HUD), provides Title we FHA do it yourself loans to property owners needing alterations, repairs or structural improvements. It is made by the FHA easier for property owners to get loans by guaranteeing the cash lent away. In cases where a home owner defaults on trying to repay money owed, the FHA takes obligation and takes care of the debt. The FHA makes funding available for borrowers who meet eligibility requirements by working with lenders. The financing enables property owners to create their residence livable and safe. Individuals who make use of the do it yourself loans are the ones with credit dilemmas, first-time home purchasers and investors.

Eligibility

A borrower must own the property, be leasing the property or be purchasing the property needing the improvements to qualify for the FHA Home Improvement Loan. (meer…)