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2011 SESSION

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HB 1887 VHDA Act; terms and conditions of purchases from and sales to lenders of mortgage loans.

Introduced by: David L. Bulova | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED HOUSE: (all summaries)

Virginia Housing Development Authority Act; terms and conditions of purchases from and sales to mortgage lenders of mortgage loans.  Removes requirement that a lender reinvest sales proceeds and make certification of prudent investment in the case of single family loans that when made by the lender will be purchased by a housing development authority.  The bill has an emergency clause.  The bill is identical to SB 985.


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