Consumer finance companies; additional charges.
Introduced
Moved
Reached a final decision
Became law
Derived from the official record below.
Officially: “An Act to amend and reenact § 6.2-1523 of the Code of Virginia, relating to consumer finance companies; additional charges.” Read the full text
2026 session
What it does
Consumer finance companies; additional charges. Provides that, for the purposes of the prohibition on additional charges by consumer finance companies, exceptions to such prohibition include (i) charges for guaranteed asset protection waivers for the protection and benefit of the borrower in connection with any loan and (ii) charges for guaranteed asset protection insurance for the protection and benefit of the borrower in connection with any loan.
From the official legislative record, shown verbatim. Not legal advice.
Where it is
Introduced · Jan 16, 2026
Acts of Assembly Chapter 464 (latest official status)
Latest official status shown, exactly as the official record states it. The step by step history lives on the official page linked below.
The numbers
2
sponsors on the bill
Sponsors
Jason S. BallardVirgil Thornton
Recorded votes
Passed Senate (39-Y 0-N 0-A)Senate · 2026-03-05 · P · Y 39, X 1
Constitutional reading dispensed (on 2nd reading) (39-Y 0-N 0-A)Senate · 2026-03-04 · P · Y 39, X 1
Reported from Commerce and Labor (12-Y 1-N)Senate · 2026-03-02 · P · Y 12, X 2, N 1
Read third time and passed House Block Vote (97-Y 0-N 0-A)House of Delegates · 2026-02-17 · P · Y 97, X 3
Reported from Labor and Commerce (20-Y 0-N)House of Delegates · 2026-02-12 · P · Y 20, X 2
Subcommittee recommends reporting (8-Y 0-N)House of Delegates · 2026-02-10 · P · Y 8, X 2
Roll-call results shown verbatim from the Virginia legislature’s records. A result reflects that roll call’s own motion, not the bill’s overall outcome.
Every fact on this page links to its source, starting with the official bill record. Last action: Acts of Assembly Chapter 464.