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Developed and maintained by the Division of Legislative Automated Systems.
2006 SESSION
SB 433 Mortgage satisfaction; provisions.
Introduced by: Jeannemarie D. Davis | all patrons ... notes | add to my profiles
SUMMARY AS ENACTED WITH GOVERNOR'S RECOMMENDATION: (all summaries)
Mortgage satisfaction. Imports into the Virginia Code provisions of the Uniform Residential Mortgage Satisfaction Act relating to definitions, notifications, rescinding erroneously recorded certificates of satisfaction, requirements on secured creditors, and the form and effect of satisfaction. Current Code provisions relating to payoff statements, mortgage satisfaction via settlement agents and court proceedings, and penalties for errors or omissions in satisfaction procedures are retained. The Virginia Information Technologies Agency ("VITA") is required to submit a project budget to the Compensation Board and the Compensation Board is authorized to pay VITA for services provided. The bill was passed by the 2005 Session, but was required to be reenacted.
FULL TEXT
- 01/11/06 Senate: Prefiled and ordered printed; offered 01/11/06 063033726 pdf
- 02/02/06 Senate: Committee substitute printed 066724726-S1 pdf
- 02/10/06 Senate: Printed as engrossed 066724726-ES1 pdf
- 03/06/06 House: Committee substitute printed 066724726-H1 pdf
- 03/15/06 Senate: Bill text as passed Senate and House (SB433ER) pdf
- 04/19/06 Senate: Reenrolled bill text (SB433ER2) pdf
- 04/19/06 Governor: Acts of Assembly Chapter text (CHAP0907) pdf
AMENDMENTS
HISTORY
- 01/11/06 Senate: Prefiled and ordered printed; offered 01/11/06 063033726
- 01/11/06 Senate: Referred to Committee on Commerce and Labor
- 01/23/06 Senate: Rereferred from Commerce and Labor (15-Y 0-N)
- 01/23/06 Senate: Rereferred to Courts of Justice
- 02/01/06 Senate: Reported from Courts of Justice with substitute (12-Y 0-N)
- 02/01/06 Senate: Rereferred to Finance
- 02/02/06 Senate: Committee substitute printed 066724726-S1
- 02/08/06 Senate: Reported from Finance with amendment (15-Y 0-N)
- 02/09/06 Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/09/06 Senate: VOTE: (39-Y 0-N)
- 02/10/06 Senate: Read second time
- 02/10/06 Senate: Reading of substitute waived
- 02/10/06 Senate: Committee substitute agreed to 066724726-S1
- 02/10/06 Senate: Reading of amendment waived
- 02/10/06 Senate: Committee amendment agreed to
- 02/10/06 Senate: Engrossed by Senate - committee substitute with amendment SB433ES1
- 02/10/06 Senate: Printed as engrossed 066724726-ES1
- 02/13/06 Senate: Read third time and passed Senate (40-Y 0-N)
- 02/13/06 Senate: VOTE: (40-Y 0-N)
- 02/13/06 Senate: Communicated to House
- 02/14/06 House: Placed on Calendar
- 02/14/06 House: Read first time
- 02/14/06 House: Referred to Committee for Courts of Justice
- 02/16/06 House: Assigned Courts sub: Civil Law
- 03/03/06 House: Reported from Courts of Justice with substitute (22-Y 0-N)
- 03/06/06 House: Committee substitute printed 066724726-H1
- 03/07/06 House: Read second time
- 03/08/06 House: Read third time
- 03/08/06 House: Committee substitute agreed to 066724726-H1
- 03/08/06 House: Amendment by Delegate Hogan agreed to
- 03/08/06 House: Engrossed by House - committee substitute with amendment SB433H1
- 03/08/06 House: Passed House with substitute with amendment (89-Y 0-N)
- 03/08/06 House: VOTE: PASSAGE (89-Y 0-N)
- 03/09/06 Senate: House substitute with amendment agreed to by Senate (38-Y 0-N)
- 03/09/06 Senate: VOTE: (38-Y 0-N)
- 03/15/06 Senate: Bill text as passed Senate and House (SB433ER)
- 03/15/06 Senate: Enrolled
- 03/15/06 House: Signed by Speaker
- 03/16/06 Senate: Signed by President
- 04/11/06 Senate: Governor's recommendation received by Senate
- 04/18/06 Senate: Placed on Calendar
- 04/19/06 Senate: Senate concurred in Governor's recommendation (38-Y 0-N)
- 04/19/06 Senate: VOTE: (38-Y 0-N)
- 04/19/06 House: House concurred in Governor's recommendation (95-Y 0-N)
- 04/19/06 House: VOTE: ADOPTION (95-Y 0-N)
- 04/19/06 Governor: Governor's recommendation adopted
- 04/19/06 House: Reenrolled
- 04/19/06 Senate: Signed by President as reenrolled
- 04/19/06 House: Signed by Speaker as reenrolled
- 04/19/06 House: Enacted, Chapter 907 (effective 7/1/06)
- 04/19/06 Senate: Reenrolled bill text (SB433ER2)
- 04/19/06 Governor: Acts of Assembly Chapter text (CHAP0907)