Real estate settlements; disclosures may be provided electronically and overnight delivery. (HB2099)
Introduced By
Progress
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Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Real estate settlements; disclosures. Provides that the disclosure required by the seller under the Virginia Residential Property Disclosure Act may be provided by electronic means and overnight delivery using a commercial service or the U.S. Postal Service. Currently the disclosure must be made by either hand delivery or by United States mail. Regarding disclosures related to settlement service providers, the bill requires that a person to making a referral to an affiliated settlement service provider where the person owns more than one percent of the affiliated service provider must disclose the percentage of the interest. Under the bill if the percentage is higher than 50 percent, the disclosure must state that the service provider is a subsidiary of the person making the referral. Read the Bill »
Outcome
History
Date | Action |
---|---|
01/12/2011 | Committee |
01/12/2011 | Prefiled and ordered printed; offered 01/12/11 11100729D |
01/12/2011 | Referred to Committee on General Laws |
01/17/2011 | Assigned GL sub: #1 Housing |
01/26/2011 | Subcommittee recommends reporting (7-Y 0-N) |
01/27/2011 | Reported from General Laws (22-Y 0-N) (see vote tally) |
01/31/2011 | Read first time |
02/01/2011 | Read second time and engrossed |
02/02/2011 | Read third time and passed House BLOCK VOTE (98-Y 0-N) |
02/02/2011 | VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally) |
02/03/2011 | Constitutional reading dispensed |
02/03/2011 | Referred to Committee for Courts of Justice |
02/04/2011 | Assigned Courts sub: Civil |
02/08/2011 | Assigned Courts sub: |
02/14/2011 | Reported from Courts of Justice (15-Y 0-N) (see vote tally) |
02/15/2011 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
02/16/2011 | Read third time |
02/16/2011 | Passed Senate (40-Y 0-N) (see vote tally) |
02/22/2011 | Enrolled |
02/22/2011 | Bill text as passed House and Senate (HB2099ER) |
02/22/2011 | Signed by Speaker |
02/23/2011 | Signed by President |
03/14/2011 | G Approved by Governor-Chapter 82 (effective 7/1/11) |
03/14/2011 | G Acts of Assembly Chapter text (CHAP0082) |