HB1505Introduced in the House of Delegates
Financial services; right of buyer to refinance certain payments, exemption.
Introduced by Richard Sullivan, District 6
What does this bill do?
Plain-English breakdown
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Official description
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.
Where it stands
Left in Labor and Commerce
February 18, 2026
How did lawmakers vote?
House of DelegatesStage: Subcommittee recommends striking from the docket (9-Y 0-N) · February 10, 2026
9
Yes
0
No
0
Absent or Not Voting
9 delegates recorded in this House of Delegates vote. Colors show vote categories only, not whether a vote was good or bad.
What do people think?
Citizen Voice
How would you vote on this bill?
An unofficial public opinion poll. It does not affect the bill or the official vote.
One response per device. Location is self-reported and not verified. Results are informal and not a scientific survey.
See how each delegate voted
| Delegate | District | Vote |
|---|---|---|
| Richard Sullivan | 6 | Yes |
| Irene Shin | 8 | Yes |
| Laura Jane Cohen | 15 | Yes |
| Michelle Maldonado | 20 | Yes |
| J.J. Singh | 26 | Yes |
| Jason Ballard | 42 | Yes |
| Israel O'Quinn | 44 | Yes |
| Terry Kilgore | 45 | Yes |
| Rae Cousins | 79 | Yes |
Bill history
Presented and ordered printed 26103567D
Referred to Committee on Labor and Commerce
Assigned HCL sub: Subcommittee #1
Fiscal Impact Statement from State Corporation Commission (HB1505)
Subcommittee recommends striking from the docket (9-Y 0-N)
Left in Labor and Commerce
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