Real estate settlements; prohibition against kickbacks, rebates, or other things of value. (HB1032)

Introduced By

Del. Kelly Fowler (D-Virginia Beach) with support from co-patron Del. Wendy Gooditis (D-Clarke)

Progress

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

Description

Real estate settlements, prohibition against kickbacks, rebates, or other things of value. Subjects any affiliated settlement service provider of any person selling real property or performing services as a real estate agent, attorney, lay settlement agent, or lender to the prohibition against paying or receiving kickbacks, rebates, or other things of value pursuant to any agreement or understanding, oral or otherwise, that business incident to services required to complete a real estate settlement be referred to any person. Amends § 55-525.12, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/09/2018Committee
01/09/2018Prefiled and ordered printed; offered 01/10/18 18102640D
01/09/2018Referred to Committee on General Laws
01/22/2018Impact statement from DPB (HB1032)
01/26/2018Assigned GL sub: Subcommittee #2
02/01/2018Subcommittee recommends striking from docket (8-Y 0-N)
02/13/2018Left in General Laws