Foreclosure procedures; subordinate mortgage, affidavit required. (HB184)

Introduced By

Del. Marcus Simon (D-Falls Church)

Progress

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

Description

Foreclosure procedures; subordinate mortgage; affidavit required. Provides that, when a foreclosure sale is initiated due to a default in payment of a subordinate security instrument, such subordinate mortgage lienholder shall submit to the trustee an affidavit affirming whether monthly statements were sent to a property owner for each period of assessed interest, fees, or other charges and to include in such affidavit an itemized list of the current amount owed. The bill also requires that any purchaser at a foreclosure sale pay off any priority security instrument no later than 90 days from the date that the trustee's deed conveying the property is recorded in the land records, and, if such purchaser fails to pay, the person originally required to pay such instrument has the right to petition the circuit court of the city or county where the property is located to recover from such purchaser any payments made on such instrument after the date of the foreclosure sale, plus any attorney fees and costs. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/03/2024Committee
01/03/2024Prefiled and ordered printed; offered 01/10/24 24103833D
01/03/2024Referred to Committee for Courts of Justice
01/16/2024Assigned Courts sub: Civil
01/17/2024Subcommittee recommends reporting (7-Y 1-N)
01/26/2024Reported from Courts of Justice (21-Y 0-N) (see vote tally)
01/30/2024Read first time
01/31/2024Read second time and engrossed
02/01/2024Read third time and passed House BLOCK VOTE (99-Y 0-N)
02/01/2024VOTE: Block Vote Passage (99-Y 0-N) (see vote tally)
02/02/2024Constitutional reading dispensed
02/02/2024Referred to Committee for Courts of Justice
02/28/2024Senate committee, floor amendments and substitutes offered
02/28/2024Committee substitute printed 24107728D-S1
02/28/2024Reported from Courts of Justice with substitute (8-Y 7-N) (see vote tally)
03/01/2024Constitutional reading dispensed (40-Y 0-N) (see vote tally)
03/04/2024Read third time
03/04/2024Reading of substitute waived
03/04/2024Committee substitute agreed to 24107728D-S1
03/04/2024Reading of amendments waived
03/04/2024Amendments by Senator Surovell agreed to
03/04/2024Engrossed by Senate - committee substitute with amendments HB184S1
03/04/2024Passed Senate with substitute with amendments (20-Y 19-N)
03/05/2024Senate substitute with amendments agreed to by House 24107728D-S1 (100-Y 0-N)
03/05/2024VOTE: Adoption (100-Y 0-N)
03/25/2024Enrolled
03/25/2024Bill text as passed House and Senate (HB184ER)
03/25/2024Signed by President
03/26/2024Signed by Speaker
03/27/2024Enrolled Bill communicated to Governor on March 27, 2024
03/27/2024G Governor's Action Deadline 11:59 p.m., April 8, 2024
04/05/2024Governor's recommendation received by House
04/17/2024VOTE: (100-Y 0-N)
04/17/2024House concurred in Governor's recommendation BLOCK VOTE (100-Y 0-N)
04/17/2024BLOCK VOTE: (100-Y 0-N)
04/17/2024Senate concurred in Governor's recommendation (40-Y 0-N)
04/17/2024G Governor's recommendation adopted
04/17/2024Reenrolled
04/17/2024Reenrolled bill text (HB184ER2)
04/17/2024Signed by Speaker as reenrolled
04/17/2024Signed by President as reenrolled
04/17/2024Enacted, Chapter 803 (effective 7/1/24)

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