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2008 SESSION

• | print version

SB 158 Wet Settlement Act; lender's disclosure of charges for appraisal and valuation.

Introduced by: A. Donald McEachin | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Wet settlement act; lender's disclosure of appraisal information. Requires any lender providing a loan secured by a first mortgage on real estate containing not more than four residential dwelling units to disclose on the settlement statement any fee charged to the borrower for an appraisal and any fee charged to the borrower for a valuation or opinion of value prepared using an automated or other mechanism prepared by a person who is not licensed as an appraiser.

FULL TEXT

• 01/07/08  Senate: Prefiled and ordered printed; offered 01/09/08 088621273  pdf | impact statement
• 01/21/08  Senate: Committee substitute printed 080146273-S1  pdf | impact statement
• 02/27/08  Senate: Bill text as passed Senate and House (SB158ER)  pdf | impact statement
• 03/14/08  Governor: Acts of Assembly Chapter text (CHAP0400)  pdf

AMENDMENTS

• House amendments
• House amendments engrossed

HISTORY

• 01/07/08  Senate: Prefiled and ordered printed; offered 01/09/08 088621273
• 01/07/08  Senate: Referred to Committee on Commerce and Labor
• 01/21/08  Senate: Reported from Commerce and Labor with substitute (14-Y 1-N)
• 01/21/08  Senate: Committee substitute printed 080146273-S1
• 01/23/08  Senate: Constitutional reading dispensed (40-Y 0-N)
• 01/24/08  Senate: Read second time
• 01/24/08  Senate: Reading of substitute waived
• 01/24/08  Senate: Committee substitute agreed to 080146273-S1
• 01/24/08  Senate: Engrossed by Senate - committee substitute SB158S1
• 01/25/08  Senate: Passed by for the day
• 01/28/08  Senate: Read third time and passed Senate (40-Y 0-N)
• 01/28/08  Senate: Communicated to House
• 02/12/08  House: Placed on Calendar
• 02/12/08  House: Read first time
• 02/12/08  House: Referred to Committee on Commerce and Labor
• 02/19/08  House: Reported from Commerce and Labor with amendment (22-Y 0-N)
• 02/21/08  House: Read second time
• 02/22/08  House: Read third time
• 02/22/08  House: Committee amendment agreed to
• 02/22/08  House: Engrossed by House as amended
• 02/22/08  House: Passed House with amendment BLOCK VOTE (94-Y 0-N)
• 02/22/08  House: VOTE: BLOCK VOTE PASSAGE (94-Y 0-N)
• 02/26/08  Senate: House amendment agreed to by Senate (39-Y 1-N)
• 02/27/08  Senate: Enrolled
• 02/27/08  Senate: Bill text as passed Senate and House (SB158ER)
• 02/27/08  House: Signed by Speaker
• 02/28/08  Senate: Signed by President
• 03/05/08  Governor: Approved by Governor-Chapter 400 (effective 7/1/08)
• 03/14/08  Governor: Acts of Assembly Chapter text (CHAP0400)