Notice of foreclosure; notify owner 30 days before proposed sale. (SB836)
Introduced By
Sen. Chap Petersen (D-Fairfax)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Notice of foreclosure. Provides that written notice of the intent to foreclose shall be sent to the present owner of the property at least 30 days before any proposed sale in execution of a deed of trust. The notice shall contain the name and contact information for (i) the party secured, (ii) the mortgage servicer, if any, and (iii) an agent of the party secured who is authorized to modify the terms of the loan. The failure to comply with the notice requirements gives a private cause of action to the property owner. Read the Bill »
Outcome
Bill Has Failed
History
| Date | Action |
|---|---|
| 01/07/2011 | Prefiled and ordered printed; offered 01/12/11 11101396D |
| 01/07/2011 | 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 | Failed to report (defeated) in Commerce and Labor (4-Y 11-N) (see vote tally) |
Comments
petersen
The Virginia Housing Coalition is lending its support to this bill.