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HB 1505

Virginia House of Delegates bill in Session 2026.

Status: failed. Latest action: February 18, 2026.

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

Bill ID VA-2026-HB-1505
Session 2026
Status failed
Committee Labor and Commerce
House of Delegates failed 2026-02-18
Summary

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.

Sponsor
Sullivan
Official Source Back to Bills
Actions Timeline
Date Event Detail
0000-00-00 Status failed
2026-01-23 Introduced Bill introduced
2026-02-18 Latest Action H Left in Labor and Commerce
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