Deed of trust; assignment of penalty for failure to release. (SB888)

Introduced By

Sen. Ryan McDougle (R-Mechanicsville)

Progress

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

Description

Release of deed of trust; assignment of penalty. Prohibits settlement agents and real estate attorneys from facilitating an assignment, to themselves or any person they designate, of their client's right to the $500 penalty levied on lenders that fail to timely deliver a certificate of satisfaction releasing a deed of trust. Amends § 55-66.3, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
12/31/2008Prefiled and ordered printed; offered 01/14/09
12/31/2008Prefiled and ordered printed; offered 01/14/09 090065272
12/31/2008Referred to Committee for Courts of Justice
01/13/2009Assigned Courts sub: Civil
01/14/2009Rules suspended (40-Y 0-N)
01/21/2009Reported from Courts of Justice with substitute (15-Y 0-N) (see vote tally)
01/21/2009Committee substitute printed 091428272-S1
01/23/2009Constitutional reading dispensed (39-Y 0-N) (see vote tally)
01/26/2009Read second time
01/26/2009Reading of substitute waived
01/26/2009Committee substitute agreed to 091428272-S1
01/26/2009Engrossed by Senate - committee substitute SB888S1
01/27/2009Read third time and passed Senate (40-Y 0-N) (see vote tally)
02/05/2009Placed on Calendar
02/05/2009Read first time
02/05/2009Referred to Committee for Courts of Justice
02/23/2009Reported from Courts of Justice with amendments (22-Y 0-N) (see vote tally)
02/24/2009Read second time
02/25/2009Read third time
02/25/2009Committee amendments agreed to
02/25/2009Engrossed by House as amended
02/25/2009Passed House with amendments BLOCK VOTE (100-Y 0-N)
02/25/2009VOTE: BLOCK VOTE PASSAGE (100-Y 0-N) (see vote tally)
02/26/2009House amendments agreed to by Senate (38-Y 0-N) (see vote tally)
03/09/2009Enrolled
03/09/2009Bill text as passed Senate and House (SB888ER)
03/09/2009Signed by President
03/11/2009Signed by Speaker
03/27/2009G Approved by Governor-Chapter 254 (effective 7/1/09)
03/27/2009G Acts of Assembly Chapter text (CHAP0254)

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.

Duplicate Bills

The following bills are identical to this one: HB2291.