HB 1505 Virginia House of Delegates · 2026 Regular Session

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

Summary
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.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2026
Committee Review
Floor Vote
Governor
Introduced Jan 23, 2026 Last action Feb 18, 2026
Floor votes

How they voted

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Full legislative history

Actions timeline

Total actions
6
Key actions
1
Committee
3
Feb 10, 2026
Lower · Passed
Subcommittee recommends striking from the docket (9-Y 0-N)
lower
Feb 3, 2026
Committee
Assigned HCL sub: Subcommittee #1
lower
Jan 23, 2026
Committee
Referred to Committee on Labor and Commerce
lower
Jan 23, 2026
Introduced
Presented and ordered printed 26103567D
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Rip Sullivan
Rip Sullivan
DDemocratic
VA
6