SEARCH SITE
VIRGINIA LAW PORTAL
- Code of Virginia
- Virginia Administrative Code
- Constitution of Virginia
- Charters
- Authorities
- Compacts
- Uncodified Acts
- RIS Users (account required)
SEARCHABLE DATABASES
- Bills & Resolutions
session legislation - Bill Summaries
session summaries - Reports to the General Assembly
House and Senate documents - Legislative Liaisons
State agency contacts
ACROSS SESSIONS
- Subject Index: Since 1995
- Bills & Resolutions: Since 1994
- Summaries: Since 1994
Developed and maintained by the Division of Legislative Automated Systems.
2000 SESSION
SB 620 Consumer Real Estate Settlement Protection Act.
Introduced by: Warren E. Barry | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Consumer Real Estate Settlement Protection Act; licensing requirements, standards and financial responsibility. Requires title insurance agents acting in the capacity of settlement agents to be licensed. No insurer may intentionally make any materially false or misleading statement or entry on a settlement statement. In addition to current statutory penalties for violating this act, the State Corporation Commission may order a penalty of up to $5,000 for each violation; issue a temporary or permanent injunction, or restraining order; and order restitution to be made. These penalties are not exclusive of penalties set out by other licensing authorities, including penalties for the unauthorized practice of law. An insurer licensed for the business of title insurance who knows or believes one of its agents has committed any act of larceny in that agent’s provision of escrow, closing or settlement services shall file with the Commission a complete statement of the relevant facts and circumstances. Statements are privileged communications, and do not subject the insurer, or its representative, to any liability.
FULL TEXT
- 01/24/00 Senate: Presented & ordered printed 004778400 pdf
- 02/09/00 Senate: Printed as engrossed 004778400-E pdf
- 03/07/00 Senate: Bill text as passed Senate and House (SB620ER) pdf
- 04/19/00 Governor: Acts of Assembly Chapter text (CHAP0549) pdf
AMENDMENTS
HISTORY
- 01/24/00 Senate: Presented & ordered printed 004778400
- 01/24/00 Senate: Referred to Committee on Commerce and Labor
- 02/07/00 Senate: Reported from C. & L. with amendments (14-Y 0-N)
- 02/08/00 Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/08/00 Senate: VOTE: CONST. RDG. DISPENSED R (39-Y 0-N)
- 02/09/00 Senate: Read second time
- 02/09/00 Senate: Reading of amendments waived
- 02/09/00 Senate: Committee amendments agreed to
- 02/09/00 Senate: Engrossed by Senate as amended
- 02/09/00 Senate: Printed as engrossed 004778400-E
- 02/10/00 Senate: Read third time and passed Senate (39-Y 0-N)
- 02/10/00 Senate: VOTE: PASSAGE R (39-Y 0-N)
- 02/10/00 Senate: Rec. of passage agreed to by Senate (39-Y 0-N)
- 02/10/00 Senate: VOTE: RECONSIDER R (39-Y 0-N)
- 02/10/00 Senate: Passed Senate (39-Y 0-N)
- 02/10/00 Senate: VOTE: PASSAGE R (39-Y 0-N)
- 02/10/00 Senate: Communicated to House
- 02/14/00 House: Placed on Calendar
- 02/14/00 House: Read first time
- 02/14/00 House: Referred to Committee on Corporations, Insurance and Banking
- 02/22/00 House: Reported from Corp., Ins. & Banking (25-Y 0-N)
- 02/23/00 House: Read second time
- 02/24/00 House: Passed by for the day
- 02/25/00 House: Read third time
- 02/25/00 House: Passed House (Block Vote) (96-Y 0-N)
- 02/25/00 House: VOTE: BLOCK VOTE PASSAGE (96-Y 0-N)
- 02/25/00 House: Reconsideration of House passage agreed to by House
- 02/25/00 House: Passed House (Block Vote) (99-Y 0-N)
- 02/25/00 House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
- 03/07/00 Senate: Bill text as passed Senate and House (SB620ER)
- 03/13/00 Senate: Enrolled
- 03/13/00 House: Signed by Speaker
- 03/15/00 Senate: Signed by President
- 04/06/00 Governor: Approved by Governor-Chapter 549 (effective 7/1/00)
- 04/19/00 Governor: Acts of Assembly Chapter text (CHAP0549)