Interpleader of real estate escrows; suits shall go to district court in event of foreclosure. (HB231)

Introduced By

Del. Rosalyn Dance (D-Petersburg)

Progress

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

Description

Interpleader of real estate escrows.  Establishes that suits in interpleader of real estate escrows shall go to General District Court, and protects escrow funds in the event of a real estate foreclosure. This bill is recommended by the Virginia Housing Commission. Amends § 16.1-77 (“Civil jurisdiction of general district courts.”), § 54.1-2108.1 (“Protection of escrow funds, etc., held by a real estate broker in the event of foreclosure of real property.”), of the Code of Virginia. View Full Text »

Outcome

Bill Has Passed
View Bill's History