Subordinate mortgage; increases maximum amount upon refinancing of primary mortgage. (HB1682)

Introduced By

Del. David Toscano (D-Charlottesville)

Progress

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

Description

Subordinate mortgage.  Increases to $150,000 from $50,000 the maximum amount of a subordinate mortgage that retains its subordinate status upon the refinancing of the primary mortgage. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/10/2011Committee
01/10/2011Prefiled and ordered printed; offered 01/12/11 11101491D
01/10/2011Referred to Committee on General Laws
01/14/2011Assigned GL sub: #1 Housing
01/20/2011Referred from General Laws
01/20/2011Referred to Committee for Courts of Justice
01/21/2011Assigned Courts sub: #2 Civil
01/24/2011Subcommittee recommends reporting with amendment(s) (11-Y 0-N)
01/31/2011Reported from Courts of Justice with substitute (22-Y 0-N) (see vote tally)
01/31/2011Committee substitute printed 11104645D-H1
01/31/2011Incorporates HB2061
02/02/2011Read first time
02/03/2011Read second time
02/03/2011Committee substitute agreed to 11104645D-H1
02/03/2011Engrossed by House - committee substitute HB1682H1
02/04/2011Read third time and passed House BLOCK VOTE (98-Y 0-N)
02/04/2011VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally)
02/07/2011Constitutional reading dispensed
02/07/2011Referred to Committee for Courts of Justice
02/08/2011Assigned Courts sub: Civil
02/14/2011Reported from Courts of Justice (15-Y 0-N) (see vote tally)
02/15/2011Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/16/2011Read third time
02/16/2011Passed Senate (40-Y 0-N) (see vote tally)
02/22/2011Enrolled
02/22/2011Bill text as passed House and Senate (HB1682ER)
02/22/2011Signed by Speaker
02/23/2011Signed by President
03/14/2011G Approved by Governor-Chapter 77 (effective 7/1/11)
03/14/2011G Acts of Assembly Chapter text (CHAP0077)

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 35 seconds.

Duplicate Bills

The following bills are identical to this one: HB2061.