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2004 SESSION

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HB 448 Real Estate Time-Share Act; use of reverter deed in lieu of foreclosure.

Introduced by: Terrie L. Suit | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED HOUSE: (all summaries)

Virginia Real Estate Time-Share Act; possibility of reverter. Authorizes a time-share developer to utilize a deed of reverter in lieu of foreclosure on a time-share estate unit. The bill sets out the procedures required for the possibility of reverter to become effective, and specifies what the defaulting time-share unit owner must do to cure.

FULL TEXT

• 01/14/04  House: Presented & ordered printed, prefiled 01/13/04 041716520  pdf
• 01/27/04  House: Committee substitute printed 041770520-H1  pdf
• 03/05/04  House: Bill text as passed House and Senate (HB448ER)  pdf
• 03/16/04  House: Reenrolled bill text (HB448ER2)  pdf
• 03/22/04  Governor: Acts of Assembly Chapter text (CHAP0143)  pdf

AMENDMENTS

• Governor's recommendation

HISTORY

• 01/14/04  House: Presented & ordered printed, prefiled 01/13/04 041716520
• 01/14/04  House: Referred to Committee on General Laws
• 01/19/04  House: Assigned to General Laws sub-committee: 1
• 01/27/04  House: Reported from General Laws with sub (22-Y 0-N)
• 01/27/04  House: Committee substitute printed 041770520-H1
• 01/28/04  House: Read first time
• 01/29/04  House: Read second time
• 01/29/04  House: Committee substitute agreed to 041770520-H1
• 01/29/04  House: Engrossed by House - committee substitute HB448H1
• 01/30/04  House: Read third time and passed House BLOCK VOTE (98-Y 0-N)
• 01/30/04  House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N)
• 01/30/04  House: Communicated to Senate
• 02/02/04  Senate: Constitutional reading dispensed
• 02/02/04  Senate: Referred to Committee on General Laws
• 02/18/04  Senate: Reported from General Laws (14-Y 0-N)
• 02/20/04  Senate: Constitutional reading dispensed (36-Y 0-N 1-A)
• 02/20/04  Senate: VOTE: CONST. RDG. DISPENSED R (36-Y 0-N 1-A)
• 02/23/04  Senate: Read third time
• 02/23/04  Senate: Passed Senate (39-Y 0-N)
• 02/23/04  Senate: VOTE: PASSAGE R (39-Y 0-N)
• 02/23/04  Senate: Rec. of Sen. passage agreed to by Senate (39-Y 0-N)
• 02/23/04  Senate: VOTE: RECONSIDER R (39-Y 0-N)
• 02/23/04  Senate: Passed Senate (40-Y 0-N)
• 02/23/04  Senate: VOTE: PASSAGE R (40-Y 0-N)
• 03/05/04  House: Bill text as passed House and Senate (HB448ER)
• 03/08/04  House: Enrolled
• 03/08/04  House: Signed by Speaker
• 03/09/04  Senate: Signed by President
• 03/16/04  House: Governor's recommendation received by House
• 03/16/04  House: Placed on Calendar
• 03/16/04  House: House concurred in Gov's recommendation (81-Y 7-N)
• 03/16/04  House: VOTE: ADOPTION (81-Y 7-N)
• 03/16/04  Senate: Senate concurred in Gov's recommendation (33-Y 0-N)
• 03/16/04  Senate: VOTE: ADOPT GOV. RECOMM. (33-Y 0-N)
• 03/16/04  Senate: Rec. of Gov's recommendation agreed to (33-Y 0-N)
• 03/16/04  Senate: VOTE: RECONSIDER (33-Y 0-N)
• 03/16/04  Senate: Senate concurred in Gov's recommendation (31-Y 0-N 2-A)
• 03/16/04  Senate: VOTE: ADOPT GOV. RECOMM. (31-Y 0-N 2-A)
• 03/16/04  Governor: Governor's recommendation adopted
• 03/16/04  House: Reenrolled
• 03/16/04  House: Signed by Speaker as reenrolled
• 03/16/04  Senate: Signed by President as reenrolled
• 03/16/04  House: Enacted, Chapter 143 (effective 7/1/04)
• 03/16/04  House: Reenrolled bill text (HB448ER2)
• 03/22/04  Governor: Acts of Assembly Chapter text (CHAP0143)