Foreclosure; use of false records, documents, or statements. (SB734)

Introduced By

Sen. Chap Petersen (D-Fairfax) with support from co-patron Sen. Scott Surovell (D-Mount Vernon)

Progress

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

Description

Foreclosure; use of false records, documents, or statements. Provides that any person who knowingly makes, uses, or causes to be made or used a false or fraudulent record, document, or statement in support of any foreclosure shall be liable to the injured party. Upon proof of both a violation and damages, the injured party shall be entitled to appropriate equitable relief and compensatory damages. If compensatory damages are awarded, an injured party may also be awarded punitive damages. A person violating the provisions of this bill shall be liable for reasonable attorney fees and costs of a civil action. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
12/12/2012Prefiled and ordered printed; offered 01/09/13 13100542D
12/12/2012Referred to Committee for Courts of Justice
01/28/2013Reported from Courts of Justice (10-Y 5-N) (see vote tally)
01/29/2013Constitutional reading dispensed (39-Y 0-N) (see vote tally)
01/30/2013Read second time and engrossed
01/31/2013Read third time and passed Senate (31-Y 8-N) (see vote tally)
02/02/2013Placed on Calendar
02/02/2013Read first time
02/02/2013Referred to Committee for Courts of Justice
02/07/2013Assigned Courts sub: #2 Civil
02/11/2013Subcommittee failed to recommend reporting
02/18/2013Left in Courts of Justice

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 2 minutes.

Comments

Va Housing Coalition, tracking this bill in Photosynthesis, notes:

The VHC supports this bill. If foreclosures are carried out on a fraudulent basis, there should be accountability. Injured parties that have lost their homes should have the right to seek damages.