Real estate loans; flood insurance. (SB74)

Introduced By

with support from co-patron Sen. Jeff McWaters (R-Virginia Beach)

Progress

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

Description

Real estate loans; flood insurance. Prohibits a lender from requiring a borrower to provide flood insurance coverage against risks to improvements on real property securing its loan in an amount that exceeds the replacement value of the improvements. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
12/19/2013Prefiled and ordered printed; offered 01/08/14 14100621D
12/19/2013Referred to Committee on Commerce and Labor
01/08/2014Impact statement from SCC (SB74)
01/20/2014Reported from Commerce and Labor (15-Y 0-N) (see vote tally)
01/22/2014Constitutional reading dispensed (37-Y 0-N)
01/23/2014Read second time and engrossed
01/24/2014Read third time and passed Senate (37-Y 0-N)
01/31/2014Placed on Calendar
01/31/2014Read first time
01/31/2014Referred to Committee on Commerce and Labor
02/18/2014Reported from Commerce and Labor (21-Y 0-N) (see vote tally)
02/20/2014Read second time
02/21/2014Read third time
02/21/2014Passed House BLOCK VOTE (97-Y 0-N)
02/21/2014VOTE: BLOCK VOTE PASSAGE (97-Y 0-N) (see vote tally)
02/21/2014Reconsideration of House passage agreed to by House
02/21/2014Passed House BLOCK VOTE (98-Y 0-N)
02/21/2014VOTE: BLOCK VOTE PASSAGE #2 (98-Y 0-N) (see vote tally)
02/25/2014Enrolled
02/25/2014Bill text as passed Senate and House (SB74ER)
02/25/2014Signed by Speaker
02/26/2014Impact statement from SCC (SB74ER)
02/27/2014Signed by President
03/17/2014G Approved by Governor-Chapter 247 (effective 7/1/14)
03/17/2014G Acts of Assembly Chapter text (CHAP0247)

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 30 seconds.