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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

Consumer lending; replaces references to payday loans with term 'short-term loans.'

Consumer lending. Replaces references to payday loans with the term "short-term loans." The measure caps the interest and fees that may be charged under a short-term loan at an annual rate of 36 percent, plus a maintenance fee; increases the maximum amount of such loans from $500 to $2,500; and sets the duration of such loans at a minimum of four months, subject to exceptions, and a maximum of 24 months. Short-term loan licensees are required to make a reasonable attempt to verify a borrower's income and may not collect fees and charges that exceed 50 percent of the original loan amount if such amount is equal to or less than $1,500 and 60 percent of the original loan amount if such amount is greater than $1,500. The measure amends the requirements for motor vehicle title loans, including requiring licensed lenders to use a database to determine a prospective borrower's eligibility for a loan and prohibiting loans to a borrower who has an outstanding short-term loan. The measure sets a 36-percent annual interest rate cap on open-end credit plans and allows a $50 annual participation fee. A violation of these provisions is made a prohibited practice under the Virginia Consumer Protection Act. The measure amends provisions of the Consumer Finance Act to, among other things, allow licensed lenders to use the services of access partners and establish requirements that loans be between $300 and $35,000; be repayable in substantially equal installment payments; have a term of no fewer than six and no more than 120 months; charge not more than 36 percent annual interest and a loan processing fee; and require licensees to post a bond. The measure prohibits credit service businesses from advertising, offering, or performing other services in connection with an extension of credit that has an annual interest rate exceeding 36 percent, is for less than $5,000, has a term of less than one year, or is provided under an open-end credit plan. The bill has a delayed effective date of January 1, 2021, and requires any person who would be required to be licensed under the provisions of the act to apply for a license by October 1, 2020. This bill is identical to SB 421.

us/states/va

Virginia General Assembly

2020

HB 789

Virginia HB 789 (2020)

bill

enacted

Lamont Bagby

2020-01-07

2020-04-22

openstates

ocd-bill/670052fa-c09b-41f5-bdeb-dbee069331bf

https://lis.virginia.gov/cgi-bin/legp604.exe?201+sum+HB789

76d739c21ab3b21e69d8bcb0885dc4821859d6f6727be14f719a61ca34f1cda1

2026-07-01

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

2026-07-06

reported

legislation

bill

us-va

Virginia HB 789 (2020) — Consumer lending; replaces references to payday loans with term 'short-term loans.'

Version chain

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

Acts of Assembly Chapter text (CHAP1215) (committee substitute) — source
Bill text as passed House and Senate (HB789ER) (committee substitute) — source
Engrossed by House - committee substitute with amendments HB789EH1 (committee substitute) — source
HB789H1 (committee substitute) — source
Impact statement from DPB (HB789S1) (committee substitute) — source
Reenrolled bill text (HB789ER2) (committee substitute) — source

Votes

Senate concurred in Governor's recommendation (22-Y 18-N) — 22–18 (pass) · upper
Constitutional reading dispensed (38-Y 0-N) — 38–0 (pass) · upper
Reported from Labor and Commerce with substitute (14-Y 8-N) — 14–8 (pass) · lower
Passed Senate with substitute (28-Y 12-N) — 28–12 (pass) · upper
VOTE: (54-Y 41-N) — 53–41 (pass) · lower
Reported from Finance and Appropriations (14-Y 0-N) — 14–0 (pass) · upper
VOTE: Adoption (62-Y 30-N) — 61–30 (pass) · lower
VOTE: Passage (65-Y 33-N) — 64–33 (pass) · lower
Reported from Commerce and Labor with substitute (11-Y 4-N) — 11–4 (pass) · upper

Timeline

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

2020-01-07 Prefiled and ordered printed; offered 01/08/20 20104677D introduction
2020-01-07 Referred to Committee on Labor and Commerce referral-committee
2020-01-23 House committee, floor amendments and substitutes offered
2020-01-23 Reported from Labor and Commerce with substitute (14-Y 8-N) committee-passage
2020-01-23 Committee substitute printed 20106372D-H1 substitution
2020-01-23 Incorporates HB1265 (Carroll Foy)
2020-01-23 Incorporates HB1296 (Helmer)
2020-01-23 Incorporates HB184 (Levine)
2020-01-23 Incorporates HB843 (Murphy)
2020-01-24 Impact statement from DPB (HB789)
2020-01-27 Read first time reading-1
2020-01-28 Passed by for the day
2020-01-29 Passed by for the day
2020-01-30 House committee, floor amendments and substitutes offered
2020-01-30 Read second time reading-2
2020-01-30 Committee substitute agreed to 20106372D-H1
2020-01-30 Amendments by Delegate Bagby agreed to amendment-passage
2020-01-30 Engrossed by House - committee substitute with amendments HB789EH1
2020-01-30 Printed as engrossed 20106372D-EH1
2020-01-31 Read third time and passed House (65-Y 33-N) passage, reading-3
2020-01-31 VOTE: Passage (65-Y 33-N)
2020-02-03 Impact statement from DPB (HB789EH1)
2020-02-03 Constitutional reading dispensed
2020-02-03 Referred to Committee on Commerce and Labor referral-committee
2020-02-17 Reported from Commerce and Labor with substitute (11-Y 4-N) committee-passage
2020-02-17 Committee substitute printed 20108486D-S1 substitution
2020-02-17 Rereferred to Finance and Appropriations referral-committee
2020-02-19 Impact statement from DPB (HB789S1)
2020-02-25 Reported from Finance and Appropriations (14-Y 0-N) committee-passage
2020-02-26 VOTE: Adoption (62-Y 30-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 20108486D-S1
2020-02-26 Engrossed by Senate - committee substitute HB789S1
2020-02-26 Passed Senate with substitute (28-Y 12-N) passage
2020-02-26 Senate substitute agreed to by House 20108486D-S1 (62-Y 30-N)
2020-03-12 Enrolled
2020-03-12 Impact statement from DPB (HB789ER)
2020-03-12 Signed by Speaker
2020-03-12 Signed by President
2020-03-17 Enrolled Bill communicated to Governor on March 17, 2020
2020-03-17 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 (54-Y 41-N)
2020-04-22 VOTE: (54-Y 41-N)
2020-04-22 Senate concurred in Governor's recommendation (22-Y 18-N)
2020-04-22 Governor's recommendation adopted
2020-04-22 Reenrolled
2020-04-22 Reenrolled bill text (HB789ER2)
2020-04-22 Signed by Speaker as reenrolled
2020-04-22 Signed by President as reenrolled
2020-04-22 Enacted, Chapter 1215 (effective - see bill) became-law

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/670052fa-c09b-41f5-bdeb-dbee069331bf. Confidence: reported (aggregated from official Virginia legislature records).

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