Real estate settlements; kickbacks and other payments, remedies, penalties. (HB819)

Introduced By

Del. Marcus Simon (D-Falls Church)

Progress

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

Description

Real estate settlements; kickbacks and other payments; remedies; civil penalties. Relocates from Chapter 9 (Real Estate Settlements) to Chapter 10 (Real Estate Settlement Agents) within Title 55.1 the existing provision that prohibits persons from paying or receiving a kickback, rebate, commission, thing of value, or other payment pursuant to an agreement to refer business incident to a settlement. This relocation authorizes the State Corporation Commission to impose penalties, issue injunctions, and require restitution in cases where a person who does not hold a license from the appropriate licensing authority has violated the provision. The measure also adds to Chapter 10 of Title 55.1 provisions that (i) authorize a court to assess civil penalties of not more than $5,000 per violation of the chapter and (ii) authorize the recovery of costs and reasonable expenses and attorney fees. Read the Bill »

Status

02/24/2020: Passed the Senate

History

DateAction
01/07/2020Committee
01/07/2020Prefiled and ordered printed; offered 01/08/20 20102120D
01/07/2020Referred to Committee on General Laws
01/16/2020Referred from General Laws
01/16/2020Referred to Committee on Labor and Commerce
01/21/2020Impact statement from SCC (HB819)
02/04/2020House committee, floor amendments and substitutes offered
02/04/2020Reported from Labor and Commerce with amendments (16-Y 0-N) (see vote tally)
02/05/2020Read first time
02/06/2020Read second time
02/06/2020Committee amendments agreed to
02/06/2020Engrossed by House as amended HB819E
02/06/2020Printed as engrossed 20102120D-E
02/07/2020Read third time and passed House BLOCK VOTE (100-Y 0-N)
02/07/2020VOTE: Block Vote Passage (100-Y 0-N) (see vote tally)
02/10/2020Impact statement from SCC (HB819E)
02/10/2020Constitutional reading dispensed
02/10/2020Referred to Committee on General Laws and Technology
02/19/2020Reported from General Laws and Technology (13-Y 0-N) (see vote tally)
02/21/2020Constitutional reading dispensed (32-Y 0-N) (see vote tally)
02/24/2020Read third time
02/24/2020Passed Senate (40-Y 0-N) (see vote tally)

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