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- Subject Index: Since 1995
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2009 SESSION
SB 1169 Consumer Protection Act; foreclosure rescues.
Introduced by: John C. Watkins | all patrons ... notes | add to my profiles
SUMMARY AS PASSED SENATE: (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 is identical to HB 2261.
FULL TEXT
- 01/13/09 Senate: Prefiled and ordered printed; offered 01/14/09 090523806 pdf | impact statement
- 02/03/09 Senate: Committee substitute printed 090204348-S1 pdf | impact statement
- 03/04/09 Senate: Bill text as passed Senate and House (SB1169ER) pdf | impact statement
- 03/27/09 Governor: Acts of Assembly Chapter text (CHAP0272) pdf
HISTORY
- 01/13/09 Senate: Prefiled and ordered printed; offered 01/14/09 090523806
- 01/13/09 Senate: Referred to Committee on Commerce and Labor
- 02/02/09 Senate: Reported from Commerce and Labor with substitute (14-Y 0-N)
- 02/03/09 Senate: Committee substitute printed 090204348-S1
- 02/04/09 Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/05/09 Senate: Read second time
- 02/05/09 Senate: Reading of substitute waived
- 02/05/09 Senate: Committee substitute agreed to 090204348-S1
- 02/05/09 Senate: Engrossed by Senate - committee substitute SB1169S1
- 02/06/09 Senate: Read third time and passed Senate (39-Y 0-N)
- 02/13/09 House: Placed on Calendar
- 02/13/09 House: Read first time
- 02/13/09 House: Referred to Committee for Courts of Justice
- 02/18/09 House: Assigned Courts sub: Civil
- 02/18/09 House: Subcommittee recommends reporting
- 02/20/09 House: Reported from Courts of Justice (22-Y 0-N)
- 02/24/09 House: Read second time
- 02/25/09 House: Read third time
- 02/25/09 House: Passed House BLOCK VOTE (100-Y 0-N)
- 02/25/09 House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
- 03/04/09 Senate: Enrolled
- 03/04/09 Senate: Bill text as passed Senate and House (SB1169ER)
- 03/05/09 Senate: Signed by President
- 03/06/09 House: Signed by Speaker
- 03/27/09 Governor: Approved by Governor-Chapter 272 (effective 7/1/09)
- 03/27/09 Governor: Acts of Assembly Chapter text (CHAP0272)