Financial institutions; loans and legal rate of interest.Virginia · HB 827 · Last action Jan 27, 2026The bill provides that the prohibition against a contract for the payment of interest on a loan at a rate that exceeds 12 percent per year applies to any person who seeks to evade its application by any device, subterfuge, or pretense whatsoever, including (i) making loans disguised as personal property sale and leaseback transactions; (ii) disguising loan…Latest action: Stricken from docket by Labor and Commerce (22-Y 0-N)Introduced
Financial institutions; loans and legal rate of interest.Virginia · SB 432 · Last action Jan 26, 2026The bill provides that the prohibition against a contract for the payment of interest on a loan at a rate that exceeds 12 percent per year applies to any person who seeks to evade its application by any device, subterfuge, or pretense whatsoever, including (i) making loans disguised as personal property sale and leaseback transactions; (ii) disguising loan…Latest action: Stricken at request of Patron in Commerce and Labor (14-Y 0-N)Introduced
Financial institutions; loans and legal rate of interest.Virginia · SB 478 · Last action Jan 26, 2026The bill provides that the prohibition against a contract for the payment of interest on a loan at a rate that exceeds 12 percent per year applies to any person who seeks to evade its application by any device, subterfuge, or pretense whatsoever, including (i) making loans disguised as personal property sale and leaseback transactions; (ii) disguising loan…Latest action: Stricken at request of Patron in Commerce and Labor (13-Y 0-N)Introduced
Financial institutions; loans and legal rate of interest.Virginia · SB 1252 · Last action Apr 2, 2025The bill provides that the prohibition against a contract for the payment of interest on a loan at a rate that exceeds 12 percent per year applies to any person who seeks to evade its application by any device, subterfuge, or pretense whatsoever, including (i) making loans disguised as personal property sale and leaseback transactions; (ii) disguising loan…Latest action: Senate sustained Governor's vetoVetoed