SB158: Wet Settlement Act; lender's disclosure of charges for appraisal and valuation.
Chief Patron
Sen.
Don McEachin (D-9)

Don McEachin
(D-9)
Richmond, VA
Served: 2008–
Progress
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Introduced |
 |
Passed Committee |
 |
Passed House |
 |
Passed Senate |
 |
Signed by Governor |
 |
Became Law |
Status
03/05/2008: signed by governor
View Entire History
- 01/07/2008 Prefiled and ordered printed; offered 01/09/08 088621273
- 01/07/2008 Referred to Committee on Commerce and Labor
- 01/18/2008 Impact statement from SCC (SB158)
- 01/21/2008 Reported from Commerce and Labor with substitute (14-Y 1-N) (see vote tally)
- 01/21/2008 Committee substitute printed 080146273-S1
- 01/23/2008 Constitutional reading dispensed (40-Y 0-N) (see vote tally)
- 01/23/2008 Impact statement from SCC (SB158S1)
- 01/24/2008 Read second time
- 01/24/2008 Reading of substitute waived
- 01/24/2008 Committee substitute agreed to 080146273-S1
- 01/24/2008 Engrossed by Senate - committee substitute SB158S1
- 01/25/2008 Passed by for the day
- 01/28/2008 Read third time and passed Senate (40-Y 0-N) (see vote tally)
- 01/28/2008 Communicated to House
- 02/12/2008 Placed on Calendar
- 02/12/2008 Read first time
- 02/12/2008 Referred to Committee on Commerce and Labor
- 02/19/2008 Reported from Commerce and Labor with amendment (22-Y 0-N) (see vote tally)
- 02/21/2008 Read second time
- 02/22/2008 Read third time
- 02/22/2008 Committee amendment agreed to
- 02/22/2008 Engrossed by House as amended
- 02/22/2008 Passed House with amendment BLOCK VOTE (94-Y 0-N)
- 02/22/2008 VOTE: BLOCK VOTE PASSAGE (94-Y 0-N) (see vote tally)
- 02/26/2008 House amendment agreed to by Senate (39-Y 1-N) (see vote tally)
- 02/27/2008 Enrolled
- 02/27/2008 Bill text as passed Senate and House (SB158ER)
- 02/27/2008 Signed by Speaker
- 02/28/2008 Signed by President
- 02/29/2008 Impact statement from SCC (SB158ER)
- 03/05/2008 G Approved by Governor-Chapter 400 (effective 7/1/08)
- 03/14/2008 G Acts of Assembly Chapter text (CHAP0400)
Summary
Wet settlement act; lender's disclosure of appraisal information.
Requires any lender providing a loan secured by a first mortgage on real
estate containing not more than four residential dwelling units to disclose on
the settlement statement whether the borrower is being charged for an appraisal
or a valuation using an automated or other mechanism for valuing the property.
View Full Text »
Video
Votes were cast on this bill on the following dates for which Richmond Sunlight
has video: 01/21/2008, 01/21/2008, 01/23/2008, 01/23/2008, 01/24/2008, 01/24/2008, 01/25/2008, 01/28/2008, 02/12/2008, 02/21/2008, 02/22/2008, 02/22/2008, 02/26/2008, 02/26/2008, 02/28/2008, 02/28/2008 and 02/29/2008.
Poll Results
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