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2006 SESSION
SB 447 Mortgage satisfaction; provisions.
Introduced by: Jeannemarie D. Davis | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
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 bill was passed by the 2005 Session, but was required to be reenacted.
FULL TEXT
HISTORY
- 01/11/06 Senate: Prefiled and ordered printed; offered 01/11/06 066514726
- 01/11/06 Senate: Referred to Committee on Commerce and Labor
- 01/23/06 Senate: Stricken at request of Patron in Commerce and Labor by voice vote