HB 1505 VA

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Introduced

Financial services; right of buyer to refinance certain payments; exemption. Provides that provisions authorizing a buyer of consumer goods to refinance an installment payment when such payment is greater than 10 percent more than the regular installment payments do not apply to the purchase of a motor vehicle, provided that the financing agreement includes a payment schedule that is disclosed to the buyer and no installment payment is more than 50 percent greater than the regular installment payments.

• Richard C. "Rip" Sullivan, Jr. Democratic · primary

1. Jan 23, 2026 Presented and ordered printed 26103567D · lower
2. Jan 23, 2026 Referred to Committee on Labor and Commerce · lower
3. Feb 3, 2026 Assigned HCL sub: Subcommittee #1 · lower
4. Feb 8, 2026 Fiscal Impact Statement from State Corporation Commission (HB1505) · lower
5. Feb 10, 2026 Subcommittee recommends striking from the docket (9-Y 0-N) · lower
6. Feb 18, 2026 Left in Labor and Commerce · lower

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

• Introduced · PDF
• Introduced · HTML