Virginia · 2026 Regular Session · Bill
HB 725: Financial services; open-end credit plans, promotional annual percentage rates.
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
HB 725 is a bill introduced in the Virginia House on January 13, 2026. According to its official title, it concerns: Financial services; open-end credit plans, promotional annual percentage rates. Primary sponsor: Jay Leftwich (Republican). Most recent recorded action (February 18, 2026): Left in Labor and Commerce.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
Financial services; open-end credit plans; promotional annual percentage rates. Requires any creditor that permits a consumer to apply more than one promotional annual percentage rate to an open-end credit contract or plan to apply any payment made by the consumer to the promotional balance, as defined in the bill, with the earliest expiration date unless otherwise expressly agreed in writing by the parties.
Sponsors
Sponsors by party (alphabetical): Republican 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Jay Leftwich | Primary sponsor | Republican | House | 90 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Left in Labor and Commerce
- Subcommittee recommends striking from the docket (9-Y 0-N)
- Fiscal Impact Statement from State Corporation Commission (HB725)
- Assigned HCL sub: Subcommittee #1
- Referred to Committee on Labor and Commerce
- Prefiled and ordered printed; Offered 01-14-2026 26102303D