Contractors, general; waiver or diminishment of lien rights, subordination of lien rights. (HB823)

Introduced By

Del. Barry Knight (R-Virginia Beach) with support from co-patron Del. Jay Leftwich (R-Chesapeake)

Progress

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

Description

General contractors; waiver or diminishment of lien rights; subordination of lien rights. Provides that a general contractor may not waive or diminish his lien rights in a contract in advance of furnishing any labor, services, or materials. The bill further provides that, notwithstanding the prohibition against waiving or diminishing such a lien right, a general contractor may, prior to or after providing any labor, services, or materials, contract to subordinate his lien rights to prior and later recorded deeds of trust, provided that such contract is (i) in writing and (ii) signed by any general contractor whose lien rights are being subordinated pursuant to such contract. This bill is identical to SB 319. Amends § 43-21, § 43-3, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/09/2018Committee
01/09/2018Prefiled and ordered printed; offered 01/10/18 18102067D
01/09/2018Referred to Committee for Courts of Justice
01/16/2018Assigned Courts sub: Subcommittee #2
01/19/2018Subcommittee recommends reporting (8-Y 0-N)
01/29/2018Reported from Courts of Justice (18-Y 0-N) (see vote tally)
01/31/2018Read first time
02/01/2018Read second time and engrossed
02/02/2018Read third time and passed House BLOCK VOTE (98-Y 0-N)
02/02/2018VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally)
02/05/2018Constitutional reading dispensed
02/05/2018Referred to Committee for Courts of Justice
02/12/2018Rereferred from Courts of Justice (15-Y 0-N) (see vote tally)
02/12/2018Rereferred to General Laws and Technology
02/19/2018Reported from General Laws and Technology (10-Y 0-N) (see vote tally)
02/21/2018Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/22/2018Passed by for the day
02/23/2018Read third time
02/23/2018Passed Senate (38-Y 0-N) (see vote tally)
02/27/2018Enrolled
02/27/2018Bill text as passed House and Senate (HB823ER)
02/27/2018Signed by Speaker
03/02/2018Signed by President
03/05/2018Enrolled Bill communicated to Governor on March 5, 2018
03/05/2018G Governor's Action Deadline Midnight, April 9, 2018
03/19/2018G Approved by Governor-Chapter 325 (effective 7/1/18)
03/19/2018G Acts of Assembly Chapter text (CHAP0325)

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 1 minute.

Duplicate Bills

The following bills are identical to this one: SB319.