(SB1252)

GOVERNOR'S VETO

Pursuant to Article V, Section 6, of the Constitution of Virginia, I veto Senate Bill 1252, which seeks to expand the enforcement mechanisms under Virginia's usury laws.

While this bill aims to curb predatory lending, its vague and expansive language could unintentionally capture legitimate financial activities and hinder access to credit. A more effective solution would provide clear, narrowly tailored protections that crack down on genuine predatory practices while preserving access to fair, lawful credit options for Virginia borrowers.

Accordingly, I veto this bill.