Debt secured by deed of trust; recordation of certificate of assignment. (SB838)
Introduced By
Sen. Chap Petersen (D-Fairfax)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
☐ |
Passed House |
✗ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Recordation of certificate of assignment of debt secured by deed of trust. Requires the assignee of a debt or other obligation that is secured by a deed of trust, mortgage, or vendor's lien on real estate to record a certificate of assignment in the clerk's office of the circuit court where the deed of trust, mortgage, or vendor's lien is recorded. Effective July 1, 2011, the recordation of a certificate of assignment will be necessary to transfer the benefit of the security provided by the deed of trust or mortgage. Read the Bill »
Outcome
Bill Has Failed
History
Date | Action |
---|---|
01/07/2011 | Prefiled and ordered printed; offered 01/12/11 11102999D |
01/07/2011 | Referred to Committee for Courts of Justice |
01/11/2011 | Assigned Courts sub: Civil |
02/07/2011 | Reported from Courts of Justice (9-Y 5-N) (see vote tally) |
02/08/2011 | Constitutional reading dispensed (39-Y 0-N) (see vote tally) |
02/08/2011 | Read second time and engrossed |
02/08/2011 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
02/08/2011 | Pending question ordered (32-Y 8-N) (see vote tally) |
02/08/2011 | Defeated by Senate (14-Y 26-N) (see vote tally) |
Comments
petersen
The Virginia Housing Coalition is lending its support to this bill.