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- Subject Index: Since 1995
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Developed and maintained by the Division of Legislative Automated Systems.
2002 SESSION
HB 302 Release of deed of trust or other lien.
Introduced by: Robert F. McDonnell | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Release of deed of trust or other lien. Authorizes a settlement agent who has paid the obligation secured by a mortgage or deed of trust to release the lien by executing and filing a certificate of satisfaction. This procedure is available only if the settlement agent has delivered a notice of intent to release the mortgage and a copy of the payoff letter to the lien creditor and the lien creditor does not within 90 days notify the settlement agent that (i) another release has been recorded, (ii) the obligation secured by the mortgage has not been paid, or (iii) the lien creditor otherwise objects to the release of the mortgage. This optional procedure applies only to transactions involving not more than four residential dwelling units. The bill also clarifies that a release of a deed of trust may be delivered by courier.
FULL TEXT
- 01/09/02 House: Presented & ordered printed, prefiled 01/07/02 024387836 pdf
- 03/04/02 Senate: Committee substitute printed 025282836-S1 pdf
- 03/14/02 House: Bill text as passed House and Senate (HB302ER) pdf
- 04/17/02 House: Reenrolled bill text (HB302ER2) pdf
- 04/18/02 Governor: Acts of Assembly Chapter text (CHAP0862) pdf
AMENDMENTS
HISTORY
- 01/09/02 House: Presented & ordered printed, prefiled 01/07/02 024387836
- 01/09/02 House: Referred to Committee for Courts of Justice
- 01/14/02 House: Reported from Courts of Justice (21-Y 0-N)
- 01/16/02 House: Read first time
- 01/17/02 House: Read second time and engrossed
- 01/18/02 House: Read third time and passed House BLOCK VOTE (96-Y 0-N)
- 01/18/02 House: VOTE: BLOCK VOTE PASSAGE (96-Y 0-N)
- 01/18/02 House: Communicated to Senate
- 01/21/02 Senate: Constitutional reading dispensed
- 01/21/02 Senate: Referred to Committee for Courts of Justice
- 03/04/02 Senate: Reported from Courts of Justice w/sub (15-Y 0-N)
- 03/04/02 Senate: Committee substitute printed 025282836-S1
- 03/05/02 Senate: Constitutional reading dispensed (38-Y 0-N)
- 03/05/02 Senate: VOTE: CONST. RDG. DISPENSED R (38-Y 0-N)
- 03/05/02 Senate: Read third time
- 03/05/02 Senate: Reading of substitute waived
- 03/05/02 Senate: Committee substitute agreed to 025282836-S1
- 03/05/02 Senate: Passed by for the day
- 03/06/02 Senate: Read third time
- 03/06/02 Senate: Committee substitute reconsidered (40-Y 0-N)
- 03/06/02 Senate: VOTE: RECONSIDER (40-Y 0-N)
- 03/06/02 Senate: Passed by for the day
- 03/07/02 Senate: Read third time
- 03/07/02 Senate: Reading of substitute waived
- 03/07/02 Senate: Chair rules substitute is germane
- 03/07/02 Senate: Committee substitute agreed to 025282836-S1
- 03/07/02 Senate: Engrossed by Senate - committee substitute 025282836-S1
- 03/07/02 Senate: Passed Senate with substitute (31-Y 6-N)
- 03/07/02 Senate: VOTE: PASSAGE (31-Y 6-N)
- 03/07/02 Senate: Rec. of Sen. passage agreed to by Senate (40-Y 0-N)
- 03/07/02 Senate: VOTE: RECONSIDER (40-Y 0-N)
- 03/07/02 Senate: Passed Senate with substitute (33-Y 7-N)
- 03/07/02 Senate: VOTE: PASSAGE (33-Y 7-N)
- 03/07/02 House: Placed on Calendar
- 03/07/02 House: Senate substitute agreed to by House (83-Y 0-N)
- 03/07/02 House: VOTE: ADOPTION (83-Y 0-N)
- 03/14/02 House: Bill text as passed House and Senate (HB302ER)
- 03/18/02 House: Enrolled
- 03/18/02 House: Signed by Speaker
- 03/19/02 Senate: Signed by President
- 04/08/02 House: Governor's recommendation received by House
- 04/17/02 House: Placed on Calendar
- 04/17/02 House: House concurred in Gov's recommendation (99-Y 0-N)
- 04/17/02 House: VOTE: ADOPTION (99-Y 0-N)
- 04/17/02 Senate: Senate concurred in Gov's recommendation(40-Y 0-N)
- 04/17/02 Senate: VOTE: ADOPT GOV. RECOMM. (40-Y 0-N)
- 04/17/02 Governor: Governor's recommendation adopted
- 04/17/02 House: Reenrolled
- 04/17/02 House: Reenrolled bill text (HB302ER2)
- 04/17/02 House: Signed by Speaker as reenrolled
- 04/17/02 Senate: Signed by President as reenrolled
- 04/17/02 House: Enacted, Chapter 862 (effective 7/1/02)
- 04/18/02 Governor: Acts of Assembly Chapter text (CHAP0862)