Bill Commons

VA HB 1505

Status unknown

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

Virginia · 2026 Regular Session · lower

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Quick answers

Did VA HB 1505 pass?

The current status of VA HB 1505 is not known from the official record. Latest recorded action (2026-02-18): Left in Labor and Commerce

What is VA HB 1505 about?

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.

Who sponsors VA HB 1505?

Richard C. "Rip" Sullivan, Jr. is the primary sponsor of VA HB 1505.

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
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

Newest first

  1. 2026-02-18

    Left in Labor and Commerce

  2. 2026-02-10

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

  3. 2026-02-08

    Fiscal Impact Statement from State Corporation Commission (HB1505)

  4. 2026-02-03

    Assigned HCL sub: Subcommittee #1

    referral-committee

  5. 2026-01-23

    Referred to Committee on Labor and Commerce

    referral-committee

  6. 2026-01-23

    Presented and ordered printed 26103567D

    introduction

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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