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Virginia · 2026 Regular Session · Bill

HB 902: Financial institutions; out-of-state credit unions.

Enacted Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

HB 902 is a bill introduced in the Virginia House on January 13, 2026. According to its official title, it concerns: Financial institutions; out-of-state credit unions. Primary sponsor: Alfonso Lopez (Democratic). Most recent recorded action (April 13, 2026): Approved by Governor-Chapter 700 (effective 7/1/2026).

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 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.

Sponsors

Sponsors by party (alphabetical): Democratic 1

NameRolePartyChamberDistrict
Alfonso LopezPrimary sponsorDemocraticHouse3

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. Approved by Governor-Chapter 700 (effective 7/1/2026)
  2. Governor's Action Deadline 11:59 p.m., April 13, 2026
  3. Enrolled Bill communicated to Governor on March 10, 2026
  4. Fiscal Impact Statement from State Corporation Commission (HB902)
  5. Signed by President
  6. Signed by Speaker
  7. Bill text as passed House and Senate (HB902ER)
  8. Enrolled
  9. Passed Senate (40-Y 0-N 0-A)
  10. Read third time
  11. Passed by for the day Block Vote (Voice Vote)
  12. Constitutional reading dispensed Block Vote (on 2nd reading) (40-Y 0-N 0-A)

Showing 12 most recent of 27 actions. Full history

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source