Foreclosure; use of false records, documents, or statements. (SB837)
Introduced By
Sen. Chap Petersen (D-Fairfax)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
✓ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Foreclosure; use of false records, documents, or statements. Provides that a person who knowingly makes, uses, or causes to be made or used any false or fraudulent record, document, or statement in support of any foreclosure is liable for a civil penalty of $2,500, which shall be paid into the local treasury. The bill clarifies that the civil penalty provisions apply in addition to any applicable criminal penalties. The bill also creates a civil cause of action for such a violation in favor of the owner of the property foreclosed upon. Read the Bill »
Outcome
Bill Has Failed
History
| Date | Action |
|---|---|
| 01/07/2011 | Prefiled and ordered printed; offered 01/12/11 11103402D |
| 01/07/2011 | Referred to Committee for Courts of Justice |
| 01/10/2011 | Impact statement from (SB837) |
| 01/10/2011 | Impact statement from VCSC (SB837) |
| 01/11/2011 | Assigned Courts sub: Civil |
| 02/07/2011 | Reported from Courts of Justice with substitute (11-Y 3-N) (see vote tally) |
| 02/07/2011 | Committee substitute printed 11105184D-S1 |
| 02/08/2011 | Constitutional reading dispensed (39-Y 0-N) (see vote tally) |
| 02/08/2011 | Read second time |
| 02/08/2011 | Reading of substitute waived |
| 02/08/2011 | Committee substitute agreed to 11105184D-S1 |
| 02/08/2011 | Engrossed by Senate - committee substitute SB837S1 |
| 02/08/2011 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
| 02/08/2011 | Passed Senate (25-Y 14-N) (see vote tally) |
| 02/08/2011 | Reconsideration of passage agreed to by Senate (39-Y 0-N) (see vote tally) |
| 02/08/2011 | Passed Senate (23-Y 17-N) (see vote tally) |
| 02/09/2011 | Placed on Calendar |
| 02/09/2011 | Read first time |
| 02/09/2011 | Referred to Committee for Courts of Justice |
| 02/10/2011 | Assigned Courts sub: #2 Civil |
| 02/14/2011 | Assigned Courts sub: #2 Civil |
| 02/16/2011 | Subcommittee recommends passing by with letter |
| 02/22/2011 | Left in Courts of Justice |
Comments
petersen
The Virginia Housing Coalition is lending its support to this bill.
SB837 Bill should have passed and would have helped several homeowners who were forced into foreclosure - by not being delinquent on payments, but ended up in foreclosure due to lenders illegally altering documents, forging documents, placed into high interest rate mortgages, refinanced with additional processing fees, and yes sub-prime loans. There should be more laws in favor of struggling homeowners. Now, I conclude with this.... before my mom passed, she told me of her re-occurring dream... of a person tuckpointing a building. She never saw the persons' face, but she asked herself - why is the bottom of the building being tuckpointed and the entire top was crumbling.