Manufactured Housing Licensing and Transaction Recovery Fund Law; limits amount of actual damages . (HB2569)

Introduced By

Del. Jim Scott (D-Merrifield)

Progress

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

Description

Manufactured Housing Licensing and Transaction Recovery Fund Law. Limits to $4,000 the amount of actual damages that a manufactured home dealer may retain when a buyer fails to accept delivery of a manufactured home that is larger than a single section unit and in the manufactured home dealer's stock. The bill also raises the limit of actual damages from $5,000 to $7,000 when a buyer fails to accept delivery of a manufactured home that is larger than a single section unit and is special ordered for the buyer. The bill also (i) raises the maximum claim amount of a single claimant against the Manufactured Housing Recovery Fund for single or multiple violations by one or more regulants from $20,000 to $40,000, (ii) raises the minimum balance of the Fund from $250,000 to $500,000, (iii) authorizes interest earned on the Fund to be used for education programs for a wider range of individuals and to pay department staff expenses for conducting investigations, and (iv) authorizes the Manufactured Housing Board to use up to five percent of the balance of the Fund in any fiscal year for educational purposes and to pay investigation expenses. Under the bill, the provisions raising the minimum fund balance and authorizing the use of the Fund balance and interest on educational programs and to pay investigative cost will expire on July 1, 2012. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/21/2009Committee
01/21/2009Presented and ordered printed 092349720
01/21/2009Referred to Committee on General Laws
01/22/2009Referred to Committee on General Laws
01/28/2009Impact statement from DPB (HB2569)
01/28/2009Assigned GL sub: Housing
01/28/2009Subcommittee recommends reporting with amendment(s)
02/03/2009Reported from General Laws with amendments (21-Y 1-N) (see vote tally)
02/04/2009Read first time
02/05/2009Read second time
02/05/2009Committee amendments agreed to
02/05/2009Engrossed by House as amended HB2569E
02/05/2009Printed as engrossed 092349720-E
02/06/2009Impact statement from DPB (HB2569E)
02/06/2009Read third time and passed House (96-Y 2-N)
02/06/2009VOTE: --- PASSAGE (96-Y 2-N) (see vote tally)
02/09/2009Constitutional reading dispensed
02/09/2009Referred to Committee on General Laws and Technology
02/11/2009Reported from General Laws and Technology (15-Y 0-N) (see vote tally)
02/13/2009Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/16/2009Read third time
02/16/2009Passed Senate (40-Y 0-N) (see vote tally)
02/18/2009Enrolled
02/18/2009Bill text as passed House and Senate (HB2569ER)
02/18/2009Signed by Speaker
02/18/2009Signed by President
02/26/2009G Approved by Governor-Chapter 141 (effective 7/1/09)
02/26/2009G Acts of Assembly Chapter text (CHAP0141)
03/03/2009Impact statement from DPB (HB2569ER)