Interpleader; earnest money deposits. (SB509)
Introduced By
Sen. Glen Sturtevant (R-Midlothian)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
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 »
Outcome
Bill Has Failed
History
| Date | Action |
|---|---|
| 01/12/2016 | Prefiled and ordered printed; offered 01/13/16 16102433D |
| 01/12/2016 | Referred to Committee for Courts of Justice |
| 01/21/2016 | Impact statement from DPB (SB509) |
| 02/10/2016 | Continued to 2017 in Courts of Justice (14-Y 0-N) (see vote tally) |
| 12/02/2016 | Left in Courts of Justice |