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2015 SESSION

• | print version

HB 1399 Flood insurance; escrow accounts.

Introduced by: Sam Rasoul | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Escrow accounts for flood insurance. Requires a lender, upon written request by the borrower, to establish and maintain an escrow account for flood insurance premiums. The requirement applies to loans secured by certain residential real estate in Virginia. In addition, the requirement applies only if the lender has established escrow accounts for taxes, hazard insurance, fees, or other charges with respect to property securing the loan.

FULL TEXT

• 12/17/14  House: Prefiled and ordered printed; offered 01/14/15 15100659D  pdf | impact statement

HISTORY

• 12/17/14  House: Prefiled and ordered printed; offered 01/14/15 15100659D
• 12/17/14  House: Referred to Committee on Commerce and Labor
• 01/20/15  House: Assigned C & L sub: Subcommittee #1
• 01/27/15  House: Subcommittee failed to recommend reporting (2-Y 7-N)
• 02/10/15  House: Left in Commerce and Labor