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2003 SESSION

• | print version

SB 997 Mortgages; priority.

Introduced by: William C. Mims | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Mortgages; priority. Provides that a subordinate mortgage that secures a promissory note payable to a locality or any agency, authority or political subdivision of the Commonwealth, which mortgage is financed pursuant to an affordable dwelling unit ordinance or a program for low- and moderate-income persons or households and contains a statement that it shall not be subordinated upon the refinancing of a prior mortgage without the secured party's consent, is not subject to the general provision that the refinancing of a prior mortgage on a single-family home does not change the priority of a subordinate mortgage.

FULL TEXT

• 01/08/03  Senate: Presented & ordered printed, prefiled 01/07/03 034819500  pdf
• 01/20/03  Senate: Printed as engrossed 034819500-E  pdf
• 02/18/03  Senate: Bill text as passed Senate and House (SB997ER)  pdf
• 03/25/03  Governor: Acts of Assembly Chapter text (CHAP0381)  pdf

AMENDMENTS

• Senate amendments

HISTORY

• 01/08/03  Senate: Presented & ordered printed, prefiled 01/07/03 034819500
• 01/08/03  Senate: Referred to Committee on General Laws
• 01/15/03  Senate: Reported from General Laws with amds (15-Y 0-N)
• 01/17/03  Senate: Constitutional reading dispensed (39-Y 0-N)
• 01/17/03  Senate: VOTE: CONST. RDG. DISPENSED R (39-Y 0-N)
• 01/20/03  Senate: Read second time
• 01/20/03  Senate: Reading of amendments waived
• 01/20/03  Senate: Committee amendments agreed to
• 01/20/03  Senate: Engrossed by Senate as amended
• 01/20/03  Senate: Printed as engrossed 034819500-E
• 01/21/03  Senate: Read third time and passed Senate (39-Y 0-N)
• 01/21/03  Senate: VOTE: PASSAGE R (39-Y 0-N)
• 01/24/03  House: Placed on Calendar
• 01/24/03  House: Read first time
• 01/24/03  House: Referred to Committee for Courts of Justice
• 02/05/03  House: Reported from Courts of Justice (22-Y 0-N)
• 02/07/03  House: Read second time
• 02/10/03  House: Read third time
• 02/10/03  House: Passed House BLOCK VOTE (99-Y 0-N)
• 02/10/03  House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
• 02/18/03  Senate: Bill text as passed Senate and House (SB997ER)
• 02/19/03  House: Enrolled
• 02/19/03  House: Signed by Speaker
• 02/21/03  Senate: Signed by President
• 03/16/03  Governor: Approved by Governor-Chapter 381 (effective 7/1/03)
• 03/25/03  Governor: Acts of Assembly Chapter text (CHAP0381)