Deed of trust; assignment of penalty for failure to release. (SB888)
Introduced By
Sen. Ryan McDougle (R-Mechanicsville)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Release of deed of trust; assignment of penalty. Prohibits settlement agents and real estate attorneys from facilitating an assignment, to themselves or any person they designate, of their client's right to the $500 penalty levied on lenders that fail to timely deliver a certificate of satisfaction releasing a deed of trust. Read the Bill »
Outcome
Bill Has Passed
History
| Date | Action |
|---|---|
| 12/31/2008 | Prefiled and ordered printed; offered 01/14/09 |
| 12/31/2008 | Prefiled and ordered printed; offered 01/14/09 090065272 |
| 12/31/2008 | Referred to Committee for Courts of Justice |
| 01/13/2009 | Assigned Courts sub: Civil |
| 01/14/2009 | Rules suspended (40-Y 0-N) |
| 01/21/2009 | Reported from Courts of Justice with substitute (15-Y 0-N) (see vote tally) |
| 01/21/2009 | Committee substitute printed 091428272-S1 |
| 01/23/2009 | Constitutional reading dispensed (39-Y 0-N) (see vote tally) |
| 01/26/2009 | Read second time |
| 01/26/2009 | Reading of substitute waived |
| 01/26/2009 | Committee substitute agreed to 091428272-S1 |
| 01/26/2009 | Engrossed by Senate - committee substitute SB888S1 |
| 01/27/2009 | Read third time and passed Senate (40-Y 0-N) (see vote tally) |
| 02/05/2009 | Placed on Calendar |
| 02/05/2009 | Read first time |
| 02/05/2009 | Referred to Committee for Courts of Justice |
| 02/23/2009 | Reported from Courts of Justice with amendments (22-Y 0-N) (see vote tally) |
| 02/24/2009 | Read second time |
| 02/25/2009 | Read third time |
| 02/25/2009 | Committee amendments agreed to |
| 02/25/2009 | Engrossed by House as amended |
| 02/25/2009 | Passed House with amendments BLOCK VOTE (100-Y 0-N) |
| 02/25/2009 | VOTE: BLOCK VOTE PASSAGE (100-Y 0-N) (see vote tally) |
| 02/26/2009 | House amendments agreed to by Senate (38-Y 0-N) (see vote tally) |
| 03/09/2009 | Enrolled |
| 03/09/2009 | Bill text as passed Senate and House (SB888ER) |
| 03/09/2009 | Signed by President |
| 03/11/2009 | Signed by Speaker |
| 03/27/2009 | G Approved by Governor-Chapter 254 (effective 7/1/09) |
| 03/27/2009 | G Acts of Assembly Chapter text (CHAP0254) |
Video
This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 1 clip in all, totaling 1 minute.