States / Virginia / HB 1505

HB 1505 In Committee

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

Introduced
In Committee
Floor
Crossed Over
Passed
Enacted

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.

Chamber
House
Introduced
Jan 23, 2026
Last action
Feb 18, 2026 — Left in Labor and Commerce
Session
2026
Momentum
29 · Low