Recording assignment of deed of trust; prerequisite to sale. (HB1920)

Introduced By

Del. Robin Abbott (D-Newport News)

Progress

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

Description

Recording assignment of deed of trust; prerequisite to sale.  Provides that the trustee under a deed of trust or mortgage entered into on or after July 1, 2011, shall not proceed with any sale of property at the request of a person asserting that he is the holder of the obligation secured by the deed of trust or mortgage unless an instrument evidencing the assignment of the deed of trust or mortgage to such person is recorded in the land records of the locality where the property is located. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/11/2011Committee
01/11/2011Prefiled and ordered printed; offered 01/12/11 11100648D
01/11/2011Referred to Committee for Courts of Justice
01/14/2011Assigned Courts sub: #2 Civil
01/17/2011Subcommittee recommends incorporating (HB1506-Marshall, R.G.)
02/08/2011Left in Courts of Justice

Comments

Jay S., tracking this bill in Photosynthesis, notes:

abbott

Virginia Housing Coalition, tracking this bill in Photosynthesis, notes:

The Virginia Housing Coalition is lending its support to this bill.