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2009 SESSION
HB 2261 Consumer Protection Act; foreclosure rescues.
Introduced by: Terry G. Kilgore | all patrons ... notes | add to my profiles
SUMMARY AS PASSED HOUSE: (all summaries)
Virginia Consumer Protection Act; foreclosure rescues. Provides that the prohibition on fraudulent acts or practices committed by a supplier in a consumer transaction involving residential real property owned and occupied as the primary dwelling unit of the owner applies when the supplier of service to avoid or prevent foreclosure charges or receives a fee (i) prior to the full and complete performance of the services it has agreed to perform, if the transaction does not involve the sale or transfer of residential real property, or (ii) prior to the settlement on the sale or transfer of residential real property, if the transaction involves the sale or transfer of the property. Currently, any practice where a supplier of a foreclosure avoidance or prevention service is to be paid a fee prior to the settlement on a sale of residential real property is prohibited, regardless of whether the fee is charged or collected as part of the transaction involving a sale of the property. The measure also clarifies that the existing prohibition on mandatory arbitration in an agreement with a property owner applies only to transactions involving foreclosure rescue services. This bill incorporates HB 1688. This bill is identical to SB 1169.
FULL TEXT
- 01/14/09 House: Prefiled and ordered printed; offered 01/14/09 090524806 pdf | impact statement
- 02/06/09 House: Committee substitute printed 090334588-H1 pdf | impact statement
- 02/28/09 House: Bill text as passed House and Senate (HB2261ER) pdf | impact statement
- 03/27/09 Governor: Acts of Assembly Chapter text (CHAP0203) pdf
HISTORY
- 01/14/09 House: Prefiled and ordered printed; offered 01/14/09 090524806
- 01/14/09 House: Referred to Committee on Commerce and Labor
- 01/20/09 House: Referred from Commerce and Labor by voice vote
- 01/20/09 House: Referred to Committee for Courts of Justice
- 01/28/09 House: Assigned Courts sub: Civil
- 02/04/09 House: Subcommittee recommends reporting with amendment(s)
- 02/06/09 House: Reported from Courts of Justice with substitute (22-Y 0-N)
- 02/06/09 House: Committee substitute printed 090334588-H1
- 02/08/09 House: Read first time
- 02/09/09 House: Read second time
- 02/09/09 House: Committee substitute agreed to 090334588-H1
- 02/09/09 House: Engrossed by House - committee substitute HB2261H1
- 02/10/09 House: Read third time and passed House BLOCK VOTE (98-Y 0-N)
- 02/10/09 House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N)
- 02/10/09 House: Reconsideration of passage agreed to by House
- 02/10/09 House: Passed House BLOCK VOTE (99-Y 0-N)
- 02/10/09 House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
- 02/11/09 Senate: Constitutional reading dispensed
- 02/11/09 Senate: Referred to Committee on General Laws and Technology
- 02/18/09 Senate: Reported from General Laws and Technology (15-Y 0-N)
- 02/20/09 Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/23/09 Senate: Read third time
- 02/23/09 Senate: Passed Senate (40-Y 0-N)
- 02/28/09 House: Enrolled
- 02/28/09 House: Bill text as passed House and Senate (HB2261ER)
- 02/28/09 House: Signed by Speaker
- 02/28/09 Senate: Signed by President
- 03/27/09 Governor: Approved by Governor-Chapter 203 (effective 7/1/09)
- 03/27/09 Governor: Acts of Assembly Chapter text (CHAP0203)