Manufactured Housing Licensing and Transaction Recovery Fund Law; limits amount of actual damages . (HB2569)

Introduced By

Del. Jim Scott (D-Merrifield)

Progress

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

Description

Manufactured Housing Licensing and Transaction Recovery Fund Law. Limits to $4,000 the amount of actual damages that a manufactured home dealer may retain when a buyer fails to accept delivery of a manufactured home that is larger than a single section unit and in the manufactured home dealer's stock. The bill also raises the limit of actual damages from $5,000 to $7,000 when a buyer fails to accept delivery of a manufactured home that is larger than a single section unit and is special ordered for the buyer. The bill also (i) raises the maximum claim amount of a single claimant against the Manufactured Housing Recovery Fund for single or multiple violations by one or more regulants from $20,000 to $40,000, (ii) raises the minimum balance of the Fund from $250,000 to $500,000, (iii) authorizes interest earned on the Fund to be used for education programs for a wider range of individuals and to pay department staff expenses for conducting investigations, and (iv) authorizes the Manufactured Housing Board to use up to five percent of the balance of the Fund in any fiscal year for educational purposes and to pay investigation expenses. Under the bill, the provisions raising the minimum fund balance and authorizing the use of the Fund balance and interest on educational programs and to pay investigative cost will expire on July 1, 2012. Amends § 36-85.28, § 36-85.31, § 36-85.32, of the Code of Virginia. View Full Text »

Outcome

Bill Has Passed

History

  • 01/21/2009 Committee
  • 01/21/2009 Presented and ordered printed 092349720
  • 01/21/2009 Referred to Committee on General Laws
  • 01/22/2009 Referred to Committee on General Laws
  • 01/28/2009 Impact statement from DPB (HB2569)
  • 01/28/2009 Assigned GL sub: Housing
  • 01/28/2009 Subcommittee recommends reporting with amendment(s)
  • 02/03/2009 Reported from General Laws with amendments (21-Y 1-N) (see vote tally)
  • 02/04/2009 Read first time
  • 02/05/2009 Read second time
  • 02/05/2009 Committee amendments agreed to
  • 02/05/2009 Engrossed by House as amended HB2569E
  • 02/05/2009 Printed as engrossed 092349720-E
  • 02/06/2009 Impact statement from DPB (HB2569E)
  • 02/06/2009 Read third time and passed House (96-Y 2-N)
  • 02/06/2009 VOTE: --- PASSAGE (96-Y 2-N) (see vote tally)
  • 02/09/2009 Constitutional reading dispensed
  • 02/09/2009 Referred to Committee on General Laws and Technology
  • 02/11/2009 Reported from General Laws and Technology (15-Y 0-N) (see vote tally)
  • 02/13/2009 Constitutional reading dispensed (39-Y 0-N) (see vote tally)
  • 02/16/2009 Read third time
  • 02/16/2009 Passed Senate (40-Y 0-N) (see vote tally)
  • 02/18/2009 Enrolled
  • 02/18/2009 Bill text as passed House and Senate (HB2569ER)
  • 02/18/2009 Signed by Speaker
  • 02/18/2009 Signed by President
  • 02/26/2009 G Approved by Governor-Chapter 141 (effective 7/1/09)
  • 02/26/2009 G Acts of Assembly Chapter text (CHAP0141)
  • 03/03/2009 Impact statement from DPB (HB2569ER)