Residential rental property; foreclosure shall act as a termination agreement. (HB1623)

Introduced By

Del. David Yancey (R-Newport News)

Progress

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

Description

Residential rental property. Removes a provision that allows a tenant to remain in a dwelling unit that has been foreclosed upon pursuant to the federal Protecting Tenants at Foreclosure Act because the Act expired on December 31, 2014, and is no longer in effect. The bill also requires a current owner of rental property who has entered into a written property management agreement with a managing agent and who has subsequently entered into a purchase agreement with a new owner to give written notice to the managing agent requesting payment of security deposits to the current owner prior to settlement with the new owner. The bill requires the managing agent to transfer the security deposits to the current owner and provide written notice to each tenant that his security deposit has been transferred. Amends § 55-225.10, § 55-507, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/04/2017Committee
01/04/2017Prefiled and ordered printed; offered 01/11/17 17101394D
01/04/2017Referred to Committee on General Laws
01/11/2017Impact statement from DPB (HB1623)
01/16/2017Assigned GL sub: Subcommittee #1
01/17/2017Subcommittee recommends reporting with amendment (7-Y 0-N)
01/19/2017Reported from General Laws with amendment (22-Y 0-N) (see vote tally)
01/23/2017Read first time
01/24/2017Read second time
01/24/2017Committee amendment agreed to
01/24/2017Engrossed by House as amended HB1623E
01/24/2017Printed as engrossed 17101394D-E
01/25/2017Impact statement from DPB (HB1623E)
01/25/2017Read third time and passed House BLOCK VOTE (99-Y 0-N)
01/25/2017VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (see vote tally)
01/26/2017Constitutional reading dispensed
01/26/2017Referred to Committee on General Laws and Technology
02/06/2017Reported from General Laws and Technology with substitute (13-Y 0-N) (see vote tally)
02/06/2017Committee substitute printed 17105244D-S1
02/08/2017Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/09/2017Read third time
02/09/2017Reading of substitute waived
02/09/2017Committee substitute agreed to 17105244D-S1
02/09/2017Engrossed by Senate - committee substitute HB1623S1
02/09/2017Passed Senate with substitute (40-Y 0-N) (see vote tally)
02/13/2017Placed on Calendar
02/13/2017Impact statement from DPB (HB1623S1)
02/13/2017Senate substitute agreed to by House 17105244D-S1 (97-Y 0-N)
02/13/2017VOTE: ADOPTION (97-Y 0-N) (see vote tally)
02/14/2017Enrolled
02/14/2017Bill text as passed House and Senate (HB1623ER)
02/14/2017Signed by Speaker
02/15/2017Signed by President
02/15/2017Impact statement from DPB (HB1623ER)
02/15/2017Enrolled Bill communicated to Governor on 2/15/17
02/15/2017G Governor's Action Deadline Midnight, February 22, 2017
02/20/2017G Approved by Governor-Chapter 63 (effective 7/1/17)
02/20/2017G Acts of Assembly Chapter text (CHAP0063)

Duplicate Bills

The following bills are identical to this one: SB991.