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Fabio 5a13be122b Legislation: batch E — CA TN VA VT WA WI WV WY

Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>

2026-07-06 17:28:36 -04:00

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type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags

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Bill

Student loans; licensing of qualified education loan servicers, civil penalties, report.

Qualified education loan servicers. Prohibits any person from acting as a qualified education loan servicer except in accordance with provisions established by this bill. The bill requires a loan servicer to obtain a license from the State Corporation Commission (SCC) and establishes procedures pertaining to such licenses. Banks, savings institutions, credit unions, nonprofit institutions of higher education, and farm credit systems are exempt from the licensing provisions. The servicing of a qualified education loan encompasses (i) receiving any scheduled periodic payments from a qualified education loan borrower or notification of such payments; (ii) applying the payments of principal and interest and such other payments, with respect to the amounts received from a qualified education loan borrower, as may be required pursuant to the terms of a qualified education loan; (iii) during a period when no payment is required on a qualified education loan, maintaining account records and communicating with the qualified education loan borrower; and (iv) interacting with a student loan borrower, including conducting activities to help prevent default. Qualified education loan servicers are prohibited from, among other things, (a) misrepresenting the amount, nature, or terms of any fee or payment due or claimed to be due on a qualified education loan, the terms and conditions of the loan agreement, or the borrower's obligations under the loan; (b) misapplying loan payments to the outstanding balance of a qualified education loan; and (c) failing to report both the favorable and unfavorable payment history of the borrower to a nationally recognized consumer credit bureau at least annually if the loan servicer regularly reports information to such a credit bureau. Violations are subject to a civil penalty not exceeding $2,500 and are prohibited practices under the Virginia Consumer Protection Act. The bill has a delayed effective date of July 1, 2021, but provides that applications shall be accepted, and investigations commenced, by the SCC beginning March 1, 2021. This bill is identical to SB 77.

us/states/va

Virginia General Assembly

2020

HB 10

Virginia HB 10 (2020)

bill

enacted

Marcus B. Simon

2019-11-18

2020-04-22

openstates

ocd-bill/7f444e3a-1037-4792-a6c1-e6b06ff1b9ce

https://lis.virginia.gov/cgi-bin/legp604.exe?201+sum+HB10

0d6ef837081235555a70e357f25b1d7edcbab7eb07754edadea3fc4036d0d5cc

2026-07-01

https://data.openstates.org/daily/2026-07-01/public.pgdump

2026-07-06

reported

legislation

bill

us-va

Virginia HB 10 (2020) — Student loans; licensing of qualified education loan servicers, civil penalties, report.

Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

Acts of Assembly Chapter text (CHAP1198) (committee substitute) — source
Bill text as passed House and Senate (HB10ER) (committee substitute) — source
Engrossed by House - committee substitute with amendments HB10EH1 (committee substitute) — source
Engrossed by Senate - committee substitute HB10S1 (committee substitute) — source
HB10H1 (committee substitute) — source
Reenrolled bill text (HB10ER2) (committee substitute) — source

Votes

VOTE: (75-Y 18-N) — 74–18 (pass) · lower
Reported from Labor and Commerce with substitute (17-Y 3-N) — 17–3 (pass) · lower
Reported from Finance and Appropriations with substitute (15-Y 0-N) — 15–0 (pass) · upper
Reconsideration of Governor's recommendation agreed to (38-Y 1-N) — 38–1 (pass) · upper
Constitutional reading dispensed (38-Y 0-N) — 38–0 (pass) · upper
Rereferred from Commerce and Labor (15-Y 0-N) — 15–0 (pass) · upper
Senate concurred in Governor's recommendation (40-Y 0-N) — 40–0 (pass) · upper
VOTE: Adoption (79-Y 14-N) — 78–14 (pass) · lower
Passed Senate with substitute (39-Y 1-N) — 39–1 (pass) · upper
VOTE: Passage (84-Y 15-N) — 83–15 (pass) · lower
Senate concurred in Governor's recommendation (40-Y 0-N) — 40–0 (pass) · upper

Timeline

The legislative action history — every referral, reading, and vote.

2019-11-18 Prefiled and ordered printed; offered 01/08/20 20100770D introduction
2019-11-18 Referred to Committee on Labor and Commerce referral-committee
2020-01-21 House committee, floor amendments and substitutes offered
2020-01-21 Reported from Labor and Commerce with substitute (17-Y 3-N) committee-passage
2020-01-21 Committee substitute printed 20104524D-H1 substitution
2020-01-23 Read first time reading-1
2020-01-24 Read second time reading-2
2020-01-24 Committee substitute agreed to 20104524D-H1
2020-01-24 Amendments by Delegate Simon agreed to amendment-passage
2020-01-24 Engrossed by House - committee substitute with amendments HB10EH1
2020-01-24 Printed as engrossed 20104524D-EH1
2020-01-27 Read third time and passed House (84-Y 15-N) passage, reading-3
2020-01-27 VOTE: Passage (84-Y 15-N)
2020-01-28 Constitutional reading dispensed
2020-01-28 Referred to Committee on Commerce and Labor referral-committee
2020-02-05 Impact statement from DPB (HB10EH1)
2020-02-17 Rereferred from Commerce and Labor (15-Y 0-N)
2020-02-17 Rereferred to Finance and Appropriations referral-committee
2020-02-25 Reported from Finance and Appropriations with substitute (15-Y 0-N) committee-passage
2020-02-25 Committee substitute printed 20108860D-S1 substitution
2020-02-26 VOTE: Adoption (79-Y 14-N)
2020-02-26 Constitutional reading dispensed (38-Y 0-N)
2020-02-26 Read third time reading-3
2020-02-26 Reading of substitute waived
2020-02-26 Committee substitute agreed to 20108860D-S1
2020-02-26 Engrossed by Senate - committee substitute HB10S1
2020-02-26 Passed Senate with substitute (39-Y 1-N) passage
2020-02-26 Impact statement from DPB (HB10S1)
2020-02-26 Senate substitute agreed to by House 20108860D-S1 (79-Y 14-N)
2020-03-02 Enrolled
2020-03-02 Impact statement from DPB (HB10ER)
2020-03-02 Signed by Speaker
2020-03-03 Signed by President
2020-03-12 Enrolled Bill communicated to Governor on March 12, 2020
2020-03-12 Governor's Action Deadline 11:59 p.m., April 11, 2020
2020-04-11 Governor's recommendation received by House
2020-04-22 Placed on Calendar
2020-04-22 House concurred in Governor's recommendation (75-Y 18-N)
2020-04-22 VOTE: (75-Y 18-N)
2020-04-22 Senate concurred in Governor's recommendation (40-Y 0-N)
2020-04-22 Reconsideration of Governor's recommendation agreed to (38-Y 1-N)
2020-04-22 Senate concurred in Governor's recommendation (40-Y 0-N)
2020-04-22 Governor's recommendation adopted
2020-04-22 Reenrolled
2020-04-22 Reenrolled bill text (HB10ER2)
2020-04-22 Signed by Speaker as reenrolled
2020-04-22 Signed by President as reenrolled
2020-04-22 Enacted, Chapter 1198 (effective - see bill) became-law

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/7f444e3a-1037-4792-a6c1-e6b06ff1b9ce. Confidence: reported (aggregated from official Virginia legislature records).

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