Wet Settlement Act; lender's disclosure of charges for appraisal and valuation. (SB158)

Introduced By

Sen. Don McEachin (D-Richmond)

Progress

√
 Introduced
√
 Passed Committee
√
 Passed House
√
 Passed Senate
√
 Signed by Governor
√
 Became Law

Description

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 »

Outcome

Bill Has Passed

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)
  • 02/26/2008 House amendment agreed to by Senate (39-Y 1-N)
  • 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)