Key Votes
SB 1367 - Motor Vehicle Title Loans for Non-Residents - Key Vote
Virginia Key Votes
Stages
- Feb. 23, 2011 Senate Concurrence Vote Passed
- Feb. 21, 2011 House Bill Passed
- Jan. 21, 2011 Senate Bill Passed
- Jan. 12, 2011 Introduced
Family
Issues
Stage Details
Legislation - Concurrence Vote Passed (Senate) (37-3) - Feb. 23, 2011
Legislation - Bill Passed (House) (51-47) - Feb. 21, 2011 (Key vote)
Title: Motor Vehicle Title Loans for Non-Residents
Vote Smart's Synopsis:
Vote to pass a bill that allows car title loan lenders to give loans to out-of-state residents.
Highlights:
-Prohibits any person from making motor vehicle title loans to residents of Virginia, or any individuals in Virginia, unless they have obtained a license from the State Corporation Commission (Sec. 1).
-Requires all licensees to (Sec. 1):
- -Hold the certificate of title to the motor vehicle throughout the period that the loan agreement is in effect; and
-Within 7 days following the date of the motor vehicle title loan agreement, file to have its security interest in the motor vehicle added to its certificate of title by complying with the requirements of Virginia, or in the case where a motor vehicle is registered in a state other than Virginia, by complying with that state's requirements for perfecting a security interest in a motor vehicle.
Legislation - Bill Passed (Senate) (32-3) - Jan. 21, 2011
Legislation - Introduced (Senate) - Jan. 12, 2011
Title: Motor Vehicle Title Loans for Non-Residents
