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2011 SESSION

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SB 795 Foreclosure procedures; makes various changes to procedures.

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

SUMMARY AS INTRODUCED:

Foreclosure procedures.  Makes various changes to procedures for foreclosure, including requiring additional documentation showing the right of the beneficiary to request foreclosure, altering the requirements for providing notice prior to a foreclosure sale, and imposing additional fiduciary duties on the trustee. The bill also provides that violating foreclosure provisions is a prohibited practice under the Virginia Consumer Protection Act.

FULL TEXT

• 12/28/10  Senate: Prefiled and ordered printed; offered 01/12/11 11101716D  pdf

HISTORY

• 12/28/10  Senate: Prefiled and ordered printed; offered 01/12/11 11101716D
• 12/28/10  Senate: Referred to Committee for Courts of Justice
• 01/26/11  Senate: Rereferred from Courts of Justice (14-Y 0-N)
• 01/26/11  Senate: Rereferred to Commerce and Labor
• 02/07/11  Senate: Passed by indefinitely in Commerce and Labor with letter (15-Y 0-N)
• 02/07/11  Senate: Letter sent to Virginia Housing Commission