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.

2001 SESSION

• | print version

HB 2789 Escrow accounts; disbursement of funds.

Introduced by: Harry B. Blevins | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Escrow accounts; disbursement of funds. Provides exceptions to the procedures for disbursing escrow funds to persons other than the settlement agent. Title insurance premiums payable to title insurers and agents may be (i) held in the settlement agent's escrow account, (ii) disbursed in the form of a check, or (iii) transferred into a separate title insurance premium escrow account. These transferred title insurance premium funds shall be itemized and identified within the separate title insurance premium escrow account. The bill also permits the settlement agent to hold funds in escrow pursuant to written instruction or agreement.

FULL TEXT

• 01/19/01  House: Presented & ordered printed 010053976  pdf | impact statement
• 02/27/01  House: Bill text as passed House and Senate (HB2789ER)  pdf | impact statement
• 03/27/01  Governor: Acts of Assembly Chapter text (CHAP0512)  pdf

HISTORY

• 01/19/01  House: Presented & ordered printed 010053976
• 01/19/01  House: Referred to Committee on Corporations, Insurance and Banking
• 02/01/01  House: Reported from Corp., Ins. & Banking (25-Y 0-N)
• 02/02/01  House: Read first time
• 02/03/01  House: Read second time and engrossed
• 02/03/01  House: Constitutional reading dispensed (97-Y 1-N)
• 02/03/01  House: Passed House (98-Y 0-N)
• 02/03/01  House: Communicated to Senate
• 02/07/01  Senate: Constitutional reading dispensed
• 02/07/01  Senate: Referred to Committee on Commerce and Labor
• 02/19/01  Senate: Reported from Commerce and Labor (15-Y 0-N)
• 02/20/01  Senate: Constitutional reading dispensed (40-Y 0-N)
• 02/20/01  Senate: VOTE: CONST. RDG. DISPENSED R (40-Y 0-N)
• 02/20/01  Senate: Read third time
• 02/20/01  Senate: Passed Senate (40-Y 0-N)
• 02/20/01  Senate: VOTE: PASSAGE R (40-Y 0-N)
• 02/20/01  Senate: Rec. of Sen. passage agreed to by Senate (40-Y 0-N)
• 02/20/01  Senate: VOTE: RECONSIDER R (40-Y 0-N)
• 02/20/01  Senate: Passed Senate (40-Y 0-N)
• 02/20/01  Senate: VOTE: PASSAGE R (40-Y 0-N)
• 02/27/01  House: Bill text as passed House and Senate (HB2789ER)
• 03/02/01  House: Enrolled
• 03/02/01  House: Signed by Speaker
• 03/02/01  Senate: Signed by President
• 03/22/01  Governor: Approved by Governor-Chapter 512 (effective 7/1/01)
• 03/27/01  Governor: Acts of Assembly Chapter text (CHAP0512)