Defective Chinese drywall; disclosure of information, real estate tax exemption. (HB1610)

Introduced By

Del. Glenn Oder (R-Newport News)

Progress

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

Description

Defective Chinese drywall; disclosure, assessed value, real estate tax exemption.  Requires licensees engaged by sellers and buyers, and landlords who have actual knowledge of defective Chinese drywall in a dwelling unit, to disclose that information to the prospective tenant or buyer. If a tenant is not provided disclosure within 60 days of discovery of defective drywall he may terminate the lease. The bill also provides upon confirmation by a building official that defective Chinese drywall is present, that the commissioner or other assessing official may reassess the property accordingly. Local governments may also place the property in a rehabilitation district for purposes of granting the owner a partial real estate tax exemption. This bill is a recommendation of the Housing Commission. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/07/2011Committee
01/07/2011Prefiled and ordered printed; offered 01/12/11 11100912D
01/07/2011Referred to Committee on General Laws
01/14/2011Assigned GL sub: #1 Housing
01/19/2011Subcommittee recommends reporting with amendment(s) (7-Y 0-N)
01/20/2011Reported from General Laws with substitute (22-Y 0-N) (see vote tally)
01/20/2011Committee substitute printed 11104353D-H1
01/24/2011Read first time
01/25/2011Read second time
01/25/2011Committee substitute agreed to 11104353D-H1
01/25/2011Engrossed by House - committee substitute HB1610H1
01/26/2011Read third time and passed House BLOCK VOTE (99-Y 0-N)
01/26/2011VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (see vote tally)
01/27/2011Constitutional reading dispensed
01/27/2011Referred to Committee on General Laws and Technology
02/09/2011Reported from General Laws and Technology (12-Y 0-N) (see vote tally)
02/11/2011Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/14/2011Read third time
02/14/2011Passed Senate (40-Y 0-N) (see vote tally)
02/17/2011Enrolled
02/17/2011Bill text as passed House and Senate (HB1610ER)
02/17/2011Signed by Speaker
02/20/2011Signed by President
03/10/2011G Approved by Governor-Chapter 34 (effective 7/1/11)
03/10/2011G Acts of Assembly Chapter text (CHAP0034)

Duplicate Bills

The following bills are identical to this one: SB942.

Comments

Tommy writes:

Whst really needs to be addressed is the testing of every home for CDW contamination. Short sale by the financial institution in AS IS should be a warning sign that the bank is really trying to unload a Toxic Asset onto your balance sheet. Even with the term disclosure it means absolutely nothing to a bank or finacial institution when they want to rid them selfs of the CDW plague. Under current disclosure one can just say we had no knowledge and you have to prove otherwise. Years ago a hand shake meant a deal and a man was accepted by his word, today even if it is on paper you can not trust the man. Yes alot has changed in a country that no longer understands the meaning of right or wrong,one word of caution to persective home owners,if you do not know how to identify Chinese Drywall/Toxic Drywall please get the proper guidance I do not want to see you lose your shirt