Saturday, November 22, 2008
The General Assembly is not in session.
Tracking Virginia’s General Assembly
since 2007.
SB145: Mortgage loan servicing practices; prohibits certain actions, penalty.
Chief Patron
Sen.
Creigh Deeds (D-25)
Creigh Deeds
(D-25)
Served: 2001–
Progress
☑ |
Introduced |
☑ |
Passed Committee |
☐ |
Passed House |
☑ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Status
Bill is Dead
View Entire History
Summary
Mortgage loan servicing practices; penalties. Prohibits persons that service mortgage loans from taking certain actions with respect to mortgage loans, including failing to apply promptly to the loan payments made in accordance with the terms of the loan agreement and taking actions for the primary purpose of creating a default under the terms of a mortgage loan. A violation constitutes a Class 1 misdemeanor. The State Corporation Commission is authorized to conduct investigations. The measure does not apply to banks or savings institutions or their subsidiaries or affiliates. View Full Text »
Poll Results
No Richmond Sunlight visitors voted on this bill while voting was open.
