SEARCH SITE

VIRGINIA LAW PORTAL

SEARCHABLE DATABASES

ACROSS SESSIONS

Developed and maintained by the Division of Legislative Automated Systems.

2015 SESSION

  • | print version

SB 1085 Value of property; enforcement of liens.

Introduced by: Jill Holtzman Vogel | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED SENATE: (all summaries)

Enforcement of liens; property value. Increases from $10,000 to $12,500 the maximum value of property that may be sold for cash at auction to satisfy a lien on a motor vehicle without petitioning for a court order for the sale of such property. The bill also requires the Commissioner of the Department of Motor Vehicles to determine the value of the property by using the trade-in value of the vehicle as found in a recognized pricing guide and to communicate such value to the bailee.


FULL TEXT

AMENDMENTS

HISTORY