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2011 SESSION

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SB 985 Housing Development Authority Act; terms and conditions of purchases, etc., to lenders of mortgages.

Introduced by: Mamie E. Locke | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (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.  This bill is identical to HB 2209.

FULL TEXT

• 01/11/11  Senate: Prefiled and ordered printed; offered 01/12/11 11101319D  pdf
• 01/24/11  Senate: Printed as engrossed 11101319D-E  pdf | impact statement
• 02/23/11  Senate: Bill text as passed Senate and House (SB985ER)  pdf | impact statement
• 03/16/11  Governor: Acts of Assembly Chapter text (CHAP0224)  pdf

AMENDMENTS

• Senate amendments

HISTORY

• 01/11/11  Senate: Prefiled and ordered printed; offered 01/12/11 11101319D
• 01/11/11  Senate: Referred to Committee on General Laws and Technology
• 01/19/11  Senate: Reported from General Laws and Technology with amendment (15-Y 0-N)
• 01/21/11  Senate: Constitutional reading dispensed (35-Y 0-N)
• 01/24/11  Senate: Read second time
• 01/24/11  Senate: Reading of amendment waived
• 01/24/11  Senate: Committee amendment agreed to
• 01/24/11  Senate: Emergency clause added
• 01/24/11  Senate: Engrossed by Senate as amended SB985E
• 01/24/11  Senate: Printed as engrossed 11101319D-E
• 01/25/11  Senate: Read third time and passed Senate (39-Y 0-N)
• 02/07/11  House: Placed on Calendar
• 02/07/11  House: Read first time
• 02/07/11  House: Referred to Committee on General Laws
• 02/15/11  House: Reported from General Laws (22-Y 0-N)
• 02/16/11  House: Read second time
• 02/17/11  House: Read third time
• 02/17/11  House: Passed House BLOCK VOTE (98-Y 0-N)
• 02/17/11  House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N)
• 02/23/11  Senate: Enrolled
• 02/23/11  Senate: Bill text as passed Senate and House (SB985ER)
• 02/23/11  Senate: Signed by President
• 02/23/11  House: Signed by Speaker
• 03/16/11  Governor: Approved by Governor-Chapter 224 (effective 3/16/11)
• 03/16/11  Governor: Acts of Assembly Chapter text (CHAP0224)