BANKING AND FINANCE 
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(P) Passed (F) Failed (V) Vetoed (I) Incorporated into other legislation(C) Carried over to 2005 Session
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Asset-Backed Securities Facilitation Act; created. Adding §§ 6.1-472 and 6.1-473. (Patron-
Stosch, 
SB 536 (Chapter 
600))
 
 
Bad checks; increases charge upon return. Amending §§ 2.2-614.1 and 15.2-106. (Patron-
BaCote, 
HB 1207 (Chapter 
565))
 
 
Banks; loans and other extensions of credit to executive officers and directors. Amending § 6.1-62. (Patron-
Drake, 
HB 1269 (Chapter 
320))
 
 
Consumer Real Estate Settlement Protection Act; issuance of summonses and subpoenas. Amending §§ 6.1-2.25 and 6.1-2.27. (Patron-
Mims, 
SB 509 (Chapter 
597))
 
 
Credit card and other open-end accounts; cancellation, notification and liability. Amending §§ 6.1-330.63, 6.1-330.78, 11-33 and 59.1-200; adding § 11-32.1. (Patron-
Morgan, 
HB 263 (
F))
 
 
Credit card theft; what constitutes. Amending § 18.2-194. (Patron-
Shannon, 
HB 722 (
I) See 
HB1053)
 
 
Credit card transactions; printing of information on receipts. Amending § 11-33.2. (Patron-
May, 
HB 537 (Chapter 
793))
 
 
Credit cards; contract formation, occurrence of transaction. Adding § 11-33.3. (Patron-
Scott, J.M., 
HB 1189 (Chapter 
373))
 
 
Deeds of trust; those that secure a loan deemed purchase money trusts. Amending § 55-60. (Patron-
Mims, 
SB 504 (Chapter 
253))
 
 
Financial Institutions, State Corporation Commission’s Bureau of; submission of confidential information pursuant to grand jury subpoenas. Amending § 6.1-1.1. (Patron-
Colgan, 
SB 163 (Chapter 
165))
 
 
Hospitals, nonprofit; interest rate on unpaid bills. Amending § 32.1-127. (Patron-
Purkey, 
HB 312 (
F))
 
 
 
Judgment; rate of interest. Amending §§ 6.1-330.54 and 8.01-382. (Patron-
Reese, 
HB 48 (
F))
 
 
Judgment and legal rate of interest; lowered. Amending §§ 6.1-330.53, 6.1-330.54 and 8.01-382. (Patron-
Reese, 
HB 1460 (Chapter 
646))
 
 
Mortgage loans; regulations by Housing Development Authority. Amending § 36-55.30:3. (Patron-
Black, 
HB 187 (
F))
 
 
Nonprofit Credit Counseling Act; created, abolishes Nonprofit Debt Counseling Agencies. Amending §§ 54.1-3905, 57-60 and 59.1-200; adding §§ 6.1-363.2 through 6.1-363.26; repealing § 6.1-363.1. (Patron-
Nixon, 
HB 471 (Chapter 
790))
 
 
Payday loans; business to be a financial institution. Amending §§ 6.1-445 and 6.1-459. (Patron-
Jones, D.C., 
HB 518 (
F))
 
 
Payday loans; retention of copies of checks, payments on loan prior to maturity. Amending §§ 6.1-453, 6.1-459 and 6.1-461. (Patron-
Morgan, 
HB 688 (Chapter 
295))
 
 
Payday loans; use of Internet database for borrowers, restrictions on loans made to spouses of military personnel. Amending §§ 6.1-453 and 6.1-459. (Patron-
Morgan, 
HB 1156 (
C))
 
 
Personal Information Privacy Act; restricting use of date of birth as condition for accepting checks. Amending §§ 59.1-443 and 59.1-444; adding § 59.1-443.1. (Patron-
Dudley, 
HB 1424 (Chapter 
241))
 
 
Real estate; charge on option financing contracts and financing of delinquent rent. Amending § 6.1-330.78:1; adding § 6.1-330.78:2. (Patron-
Armstrong, 
HB 1066 (
C))
 
 
Subsidiary trust companies and trust company holding companies; ownership. Amending §§ 6.1-32.3, 6.1-32.11, 6.1-32.19 and 6.1-32.20. (Patron-
Stosch, 
SB 542 (Chapter 
781))
 
 
Title insurance; filing of documents with circuit court clerks. Amending §§ 6.1-2.25 and 17.1-223. (Patron-
Deeds, 
SB 587 (Chapter 
336))
 
 
Trust and real estate settlement accounts; rules regarding interest and dividends. Amending §§ 54.1-3915.1 and 54.1-3916. (Patron-
Albo, 
HB 166 (
F))
 
 
Unclaimed property; interest paid to owners. Amending § 55-210.21. (Patron-
Purkey, 
HB 275 (Chapter 
523))
 
 
Venture capital funds; creation of an investment program. Adding § 2.2-2238.2. (Patron-
Purkey, 
HB 1281 (
F))
 
 
Wages and salaries; deposit into employee account. Amending § 40.1-29. (Patron-
Nixon, 
HB 472 (Chapter 
358))