Transfer fee covenants; shall not run with title to real property & not enforceable against owner. (SB931)

Introduced By

Sen. Ryan McDougle (R-Mechanicsville)

Progress

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

Description

Transfer fee covenants.  Provides that a transfer fee covenant recorded in the Commonwealth on or after July 1, 2011, shall not run with the title to real property and is not binding on, or enforceable against, any subsequent owner, purchaser, or mortgagee of any interest in real property. The bill further provides that any lien purporting to secure the payment of a transfer fee under a transfer fee covenant recorded in the Commonwealth on or after July 1, 2011, is void and unenforceable. Amends § 55-70.2, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/10/2011Prefiled and ordered printed; offered 01/12/11 11103022D
01/10/2011Referred to Committee for Courts of Justice
01/12/2011Assigned Courts sub: Civil
01/31/2011Reported from Courts of Justice with amendment (15-Y 0-N) (see vote tally)
02/01/2011Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/02/2011Read second time
02/02/2011Reading of amendment waived
02/02/2011Committee amendment agreed to
02/02/2011Engrossed by Senate as amended SB931E
02/02/2011Printed as engrossed 11103022D-E
02/03/2011Read third time and passed Senate (40-Y 0-N) (see vote tally)
02/07/2011Placed on Calendar
02/07/2011Read first time
02/07/2011Referred to Committee for Courts of Justice
02/07/2011Assigned Courts sub: #2 Civil
02/16/2011Subcommittee recommends reporting with amendment(s) (9-Y 0-N)
02/21/2011Reported from Courts of Justice with amendment (22-Y 0-N) (see vote tally)
02/23/2011Read second time
02/24/2011Read third time
02/24/2011Committee amendment agreed to
02/24/2011Engrossed by House as amended
02/24/2011Passed House with amendment BLOCK VOTE (98-Y 0-N)
02/24/2011VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally)
02/24/2011Reconsideration of House passage agreed to by House
02/24/2011Passed House with amendment BLOCK VOTE (99-Y 0-N)
02/24/2011VOTE: PASSAGE #2 (99-Y 0-N) (see vote tally)
02/24/2011House amendment agreed to by Senate (39-Y 0-N) (see vote tally)
03/03/2011Enrolled
03/03/2011Bill text as passed Senate and House (SB931ER)
03/03/2011Signed by Speaker
03/06/2011Signed by President
03/26/2011G Approved by Governor-Chapter 706 (effective 7/1/11)
03/26/2011G Acts of Assembly Chapter text (CHAP0706)

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 40 seconds.