Foreclosure procedures; makes various changes to procedures. (SB795)
Introduced By
Sen. Don McEachin (D-Richmond)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Foreclosure procedures. Makes various changes to procedures for foreclosure, including requiring additional documentation showing the right of the beneficiary to request foreclosure, altering the requirements for providing notice prior to a foreclosure sale, and imposing additional fiduciary duties on the trustee. The bill also provides that violating foreclosure provisions is a prohibited practice under the Virginia Consumer Protection Act. Read the Bill »
Status
02/07/2011: Failed to Pass in Committee
History
| Date | Action |
|---|---|
| 12/28/2010 | Prefiled and ordered printed; offered 01/12/11 11101716D |
| 12/28/2010 | Referred to Committee for Courts of Justice |
| 01/11/2011 | Assigned Courts sub: Civil |
| 01/26/2011 | Rereferred from Courts of Justice (14-Y 0-N) (see vote tally) |
| 01/26/2011 | Rereferred to Commerce and Labor |
| 02/07/2011 | Passed by indefinitely in Commerce and Labor with letter (15-Y 0-N) (see vote tally) |
| 02/07/2011 | Letter sent to Virginia Housing Commission |
Comments
mceachin
The Virginia Housing Coalition is lending its support to this bill.