CRESPA; settlement agent registration; shifts duty to register settlement agents. (SB938)

Introduced By

Progress

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

Description

CRESPA; settlement agent registration. Shifts the duty to register settlement agents from the Virginia State Bar to the appropriate licensing authorities that are responsible for regulating their particular settlement agents. The measure also allows the appropriate licensing authority to administratively terminate the registration of a settlement agent who fails to maintain a license, fails to renew his registration, or fails to comply with certain financial responsibility requirements. View Full Text »

Outcome

Bill Has Passed

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Bill Text

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