Owner financing for real property; licensing. (SB76)

Introduced By

Sen. John Watkins (R-Midlothian)

Progress

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

Description

Owner financing for real property; licensing.  Exempts persons who make loans or extend credit for any part of the purchase price of real property that the person owns from licensure requirements under the Nationwide Mortgage Licensing System and Registry. This bill is a recommendation of the Virginia Housing Commission. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/05/2012Prefiled and ordered printed; offered 01/11/12 12102158D
01/05/2012Referred to Committee on Commerce and Labor
01/16/2012Reported from Commerce and Labor (16-Y 0-N) (see vote tally)
01/18/2012Constitutional reading dispensed (39-Y 0-N) (see vote tally)
01/19/2012Read second time and engrossed
01/20/2012Bills placed in block (39-Y 0-N) (see vote tally)
01/20/2012Read third time and passed Senate (38-Y 0-N) (see vote tally)
01/20/2012Reconsideration of passage agreed to by Senate (39-Y 0-N) (see vote tally)
01/20/2012Passed Senate (39-Y 0-N) (see vote tally)
01/27/2012Impact statement from SCC (SB76)
02/13/2012Placed on Calendar
02/13/2012Read first time
02/13/2012Referred to Committee on Commerce and Labor
02/16/2012Reported from Commerce and Labor (22-Y 0-N) (see vote tally)
02/20/2012Read second time
02/21/2012Read third time
02/21/2012Passed House BLOCK VOTE (100-0Y 0-N)
02/21/2012VOTE: BLOCK VOTE PASSAGE (100-Y 0-N) (see vote tally)
02/23/2012Enrolled
02/23/2012Bill text as passed Senate and House (SB76ER)
02/23/2012Impact statement from SCC (SB76ER)
02/23/2012Signed by President
02/23/2012Signed by Speaker
03/08/2012G Approved by Governor-Chapter 188 (effective 7/1/12)
03/08/2012G Acts of Assembly Chapter text (CHAP0188)

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 45 seconds.

Duplicate Bills

The following bills are identical to this one: HB572.