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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
Jan 23, 2026
Last Action
Feb 18, 2026
Session
VA 2026
Sponsors
1 primary · 0 co
Left in Labor and Commerce
Subcommittee recommends striking from the docket (9-Y 0-N)
Fiscal Impact Statement from State Corporation Commission (HB1505)
Assigned HCL sub: Subcommittee #1
Presented and ordered printed 26103567D
Referred to Committee on Labor and Commerce
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Left in Labor and Commerce
Richard C. "Rip" Sullivan, Jr.