Bill Commons

VA HB 1505

died on adjournment

Financial services; right of buyer to refinance certain payments, exemption.

Virginia · 2026 Regular Session · lower

Description

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.

Introduced
2026-01-23
Status date
—
Latest action
2026-02-18 — Left in Labor and Commerce
Bill type
bill
Last updated
—

Sponsors

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

Committees

Not provided by source.

Action timeline

  1. 2026-01-23

    Presented and ordered printed 26103567D

    introduction

  2. 2026-01-23

    Referred to Committee on Labor and Commerce

    referral-committee

  3. 2026-02-03

    Assigned HCL sub: Subcommittee #1

    referral-committee

  4. 2026-02-08

    Fiscal Impact Statement from State Corporation Commission (HB1505)

  5. 2026-02-10

    Subcommittee recommends striking from the docket (9-Y 0-N)

  6. 2026-02-18

    Left in Labor and Commerce

Versions

Documents

Votes

  • Subcommittee recommends striking from the docket

    2026-02-10 · pass · 9-0

    Member-level votes (9)
    • Michelle Lopes Maldonado: yes
    • Richard C. "Rip" Sullivan, Jr.: yes
    • Irene Shin: yes
    • Laura Jane Cohen: yes
    • Rae Cousins: yes
    • JJ Singh: yes
    • Terry G. Kilgore: yes
    • Israel D. O'Quinn: yes
    • Jason S. Ballard: yes

Related bills

No related bills recorded for this bill.

Official source

https://lis.virginia.gov/bill-details/20261/HB1505

Attribution

Data from openstates_bulk_csv, retrieved 2026-07-24T05:35:59.552682Z

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