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VA HB999
Bill
Status
Introduced
1/14/2026
Primary Sponsor
Joshua Cole
Click for details
AI Summary
- Requires a human reviewer to approve any credit denial or adverse action when a creditor uses an automated decision system or AI to evaluate credit applications
- Defines "automated decision system" broadly to include any computational process, including AI and machine learning, used to evaluate credit applications or generate recommendations
- Holds creditors responsible for compliance even when they contract with third parties who develop or operate the automated decision systems
- Mandates creditors establish and maintain policies and procedures to ensure compliance with human review requirements
- Authorizes the State Corporation Commission to issue guidance on best practices for using automated decision systems in credit evaluations, with an effective date of January 1, 2027
Legislative Description
Virginia Human rights Act: equal credit opportunities, Virginia Fair Housing Law, nondiscrimination.
Last Action
Left in Committee Appropriations
2/18/2026
Committee Referrals
Appropriations2/18/2026
Appropriations: General Government & Capital Outlay2/10/2026
Appropriations2/10/2026
General Laws: Housing/Consumer Protection1/26/2026
General Laws1/14/2026
Full Bill Text
No bill text available