Housing Development Authority Act; terms and conditions of purchases, etc., to lenders of mortgages. (SB985)

Introduced By

Sen. Mamie Locke (D-Hampton)

Progress

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

Description

Virginia Housing Development Authority Act; terms and conditions of purchases from and sales to mortgage lenders of mortgage loans.  Removes requirement that a lender reinvest sales proceeds and make certification of prudent investment in the case of single family loans that when made by the lender will be purchased by a housing development authority. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/11/2011Prefiled and ordered printed; offered 01/12/11 11101319D
01/11/2011Referred to Committee on General Laws and Technology
01/19/2011Reported from General Laws and Technology with amendment (15-Y 0-N) (see vote tally)
01/21/2011Constitutional reading dispensed (35-Y 0-N) (see vote tally)
01/24/2011Read second time
01/24/2011Reading of amendment waived
01/24/2011Committee amendment agreed to
01/24/2011Emergency clause added
01/24/2011Engrossed by Senate as amended SB985E
01/24/2011Printed as engrossed 11101319D-E
01/25/2011Read third time and passed Senate (39-Y 0-N) (see vote tally)
02/07/2011Placed on Calendar
02/07/2011Read first time
02/07/2011Referred to Committee on General Laws
02/08/2011Impact statement from DPB (SB985E)
02/15/2011Reported from General Laws (22-Y 0-N) (see vote tally)
02/16/2011Read second time
02/17/2011Read third time
02/17/2011Passed House BLOCK VOTE (98-Y 0-N)
02/17/2011VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally)
02/23/2011Enrolled
02/23/2011Bill text as passed Senate and House (SB985ER)
02/23/2011Impact statement from DPB (SB985ER)
02/23/2011Signed by President
02/23/2011Signed by Speaker
03/16/2011G Approved by Governor-Chapter 224 (effective 3/16/11)
03/16/2011G Acts of Assembly Chapter text (CHAP0224)

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 1 clip in all, totaling 1 minute.