Deposit accounts and certificates of deposit; statute of limitations. (HB193)
Introduced By
Del. Terry Kilgore (R-Gate City) with support from co-patrons Del. Kris Amundson (D-Mount Vernon), Del. Tim Hugo (R-Centreville), Del. Bill Janis (R-Glen Allen), and Del. Steve Shannon (D-Vienna)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Negotiable instruments; enforcement and satisfaction. Establishes the date from which the six-year limitations period on actions to enforce a right under a deposit account or a certificate of deposit starts to toll. The measure will become effective on January 1, 2007, and will be effective retroactively. However, a person with a cause of action that accrued after January 1, 1997, shall have until January 1, 2013, or until the end of the six-year period specified in the measure, whichever is longer, to bring an action to enforce the bank's obligations. The measure also provides that a person does not act in good faith when tendering a check in full satisfaction of an obligation under a loan if the check is for less than the full amount due and the check is tendered to a person without knowledge of a dispute concerning the loan. Read the Bill »
Status
04/05/2006: signed by governor
History
Date | Action |
---|---|
01/03/2006 | Prefiled and ordered printed; offered 01/11/06 066544372 |
01/03/2006 | Referred to Committee on Commerce and Labor |
01/26/2006 | Reported from Commerce and Labor with amendment (20-Y 1-N) |
01/30/2006 | Read first time |
01/31/2006 | Read second time |
01/31/2006 | Committee amendment agreed to |
01/31/2006 | Engrossed by House as amended HB193E |
01/31/2006 | Printed as engrossed 066544372-E |
02/01/2006 | Read third time and passed House (99-Y 0-N) |
02/01/2006 | VOTE: PASSAGE (99-Y 0-N) |
02/01/2006 | Communicated to Senate |
02/02/2006 | Constitutional reading dispensed |
02/02/2006 | Referred to Committee on Commerce and Labor |
02/27/2006 | Reported from Commerce and Labor with substitute (14-Y 0-N) |
02/28/2006 | Committee substitute printed 062773372-S1 |
03/01/2006 | Constitutional reading dispensed (39-Y 0-N) |
03/01/2006 | VOTE: (39-Y 0-N) |
03/01/2006 | Motion to reconsider pass by for the day agreed to (40-Y 0-N) |
03/01/2006 | Passed by for the day (40-Y 0-N) |
03/01/2006 | VOTE: (40-Y 0-N) |
03/02/2006 | Read third time |
03/02/2006 | Reading of substitute waived |
03/02/2006 | Committee substitute agreed to 062773372-S1 |
03/02/2006 | Engrossed by Senate - committee substitute HB193S1 |
03/02/2006 | Passed Senate with substitute (39-Y 0-N) |
03/02/2006 | VOTE: (39-Y 0-N) |
03/03/2006 | Placed on Calendar |
03/06/2006 | Senate substitute agreed to by House (99-Y 0-N) |
03/06/2006 | VOTE: ADOPTION (99-Y 0-N) |
03/15/2006 | Bill text as passed House and Senate (HB193ER) |
03/15/2006 | Enrolled |
03/15/2006 | Signed by Speaker |
03/16/2006 | Signed by President |
04/05/2006 | G Approved by Governor-Chapter 624 (effective - see bill) |
04/14/2006 | G Acts of Assembly Chapter text (CHAP0624) |