Deeds of trust; amendment to loan document, statement of interest rate of a refinanced mortgage. (HB1882)

Introduced By

Del. Steve Heretick (D-Portsmouth)

Progress

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

Description

Deeds of trust; amendment to loan document; statement of interest rate of a refinanced mortgage. Provides that a deed of trust that has been recorded and that states that it secures indebtedness or other obligations under a loan document and that it also secures indebtedness or other obligations under such loan document as it may be amended, modified, supplemented, or restated shall secure such loan document as so amended, modified, supplemented, or restated from time to time, without the necessity of recording an amendment to such deed of trust. The bill further requires that the interest rate of a prior mortgage be stated on the first page of a refinance mortgage. Read the Bill »

Status

01/14/2021: Awaiting a Vote in the Courts of Justice Committee

History

DateAction
01/08/2021Prefiled and ordered printed; offered 01/13/21 21101257D
01/08/2021Referred to Committee on General Laws
01/14/2021Referred from General Laws (0-Y 0-N)
01/14/2021Referred to Committee for Courts of Justice
01/14/2021Referred from General Laws

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