HB902Introduced in the House of Delegates
Financial institutions; out-of-state credit unions.
Introduced by Alfonso Lopez, District 3
What does this bill do?
Plain-English breakdown
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Official description
Financial institutions; out-of-state credit unions. Clarifies that the National Credit Union Administration is not required to designate an agent for service of process and agree that in the absence of such designation service may be upon the clerk of the State Corporation Commission. Current law requires out-of-state credit unions conducting business in the Commonwealth to have any insurer of shares designate such an agent and agree to such service in the absence of such a designation.
Where it stands
Acts of Assembly Chapter text (CHAP0700)
April 13, 2026
How did lawmakers vote?
House of Delegates votes
4 recorded votes · each counted separately
Senate votes
3 recorded votes · each counted separately
SenateStage: Passed Senate (40-Y 0-N 0-A) · February 26, 2026
40
Yes
0
No
0
Absent or Not Voting
40 senators recorded in this Senate vote. Colors show vote categories only, not whether a vote was good or bad.
See how each senator voted
| Senator | District | Vote |
|---|---|---|
| Elizabeth Bennett-Parker | 5 | Yes |
| Michael Jones | 77 | Yes |
| Timmy French | 1 | Yes |
| Mark Obenshain | 2 | Yes |
| Chris Head | 3 | Yes |
| David Suetterlein | 4 | Yes |
| Travis Hackworth | 5 | Yes |
| Todd Pillion | 6 | Yes |
| William Stanley | 7 | Yes |
| Mark Peake | 8 | Yes |
Bill history
Prefiled and ordered printed; Offered 01-14-2026 26103287D
Referred to Committee on Labor and Commerce
Assigned HCL sub: Subcommittee #1
Fiscal Impact Statement from State Corporation Commission (HB902)
Subcommittee recommends reporting (9-Y 0-N)
Reported from Labor and Commerce (22-Y 0-N)
Read first time
Read second time and engrossed
Read third time and passed House (96-Y 0-N 0-A)
Reconsideration of passage agreed to by House
Passed House (98-Y 0-N 0-A)
Constitutional reading dispensed (on 1st reading)
Referred to Committee on Commerce and Labor
Reported from Commerce and Labor (14-Y 0-N)
Rules suspended
Constitutional reading dispensed Block Vote (on 2nd reading) (40-Y 0-N 0-A)
Passed by for the day Block Vote (Voice Vote)
Read third time
Passed Senate (40-Y 0-N 0-A)
Enrolled
Bill text as passed House and Senate (HB902ER)
Signed by Speaker
Signed by President
Fiscal Impact Statement from State Corporation Commission (HB902)
Enrolled Bill communicated to Governor on March 10, 2026
Governor's Action Deadline 11:59 p.m., April 13, 2026
Approved by Governor-Chapter 700 (effective 7/1/2026)
Acts of Assembly Chapter text (CHAP0700)
Verify the information
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