Lien and secured creditors; duties. (HB1577)
Introduced By
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Duties of lien and secured creditors. Changes from 90 to 60 the number of days by which a secured creditor is required to submit for recording a satisfaction of a security instrument after the creditor receives full payment or performance of the secured obligation. The bill similarly changes from 90 to 60 the number of days by which a lien creditor is required, after full or partial payment or satisfaction has been made of a debt secured by a deed of trust, vendor's lien, or other lien, to provide a certificate of satisfaction to the settlement agent or deliver it to the clerk's office with the necessary fee for filing. Read the Bill »
Outcome
Bill Has Failed
History
Date | Action |
---|---|
01/05/2011 | Committee |
01/05/2011 | Prefiled and ordered printed; offered 01/12/11 11102749D |
01/05/2011 | Referred to Committee for Courts of Justice |
01/10/2011 | Assigned Courts sub: #2 Civil |
01/12/2011 | Subcommittee recommends laying on the table |
02/08/2011 | Left in Courts of Justice |
Comments
The Virginia Housing Coalition is lending its support to this bill.