Interpleader; earnest money deposits. (SB509)

Introduced By

Sen. Glen Sturtevant (R-Midlothian)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Interpleader; earnest money deposits. Allows the general district court, in an interpleader case involving an earnest money deposit held in escrow by a real estate broker, to escheat the funds to the Commonwealth to be credited to the Virginia Housing Trust Fund upon default of one or more of the stakeholders. Read the Bill »


02/10/2016: Failed to Pass in Committee


01/12/2016Prefiled and ordered printed; offered 01/13/16 16102433D
01/12/2016Referred to Committee for Courts of Justice
01/21/2016Impact statement from DPB (SB509)
02/10/2016Continued to 2017 in Courts of Justice (14-Y 0-N) (see vote tally)

Duplicate Bills

The following bills are identical to this one: HB577.