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1999 SESSION

• | print version

HB 2510 Consumer Finance Act; licensing; real estate brokers & salespersons.

Introduced by: Thelma S. Drake | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Consumer Finance Act; licensing; real estate brokers and salespersons. Declares that the recourse purchase of an entitlement on the part of a real estate broker or real estate salesperson licensed pursuant to Chapter 21 (§ 54.1-2100 et seq.) of Title 54.1 to receive a commission arising from the sale or lease of real property, shall not be deemed to constitute the making of a loan or engagement in the business of lending by the purchaser. Consequently, no such real estate broker or real estate salesperson is required to be licensed under the Consumer Finance Act under those circumstances.

FULL TEXT

• 01/21/99  House: Presented & ordered printed 992867216  pdf

HISTORY

• 01/21/99  House: Presented & ordered printed 992867216
• 01/21/99  House: Referred to Committee on Corporations, Insurance and Banking
• 01/26/99  House: Assigned to C. I. B. sub-committee: 2
• 02/03/99  House: Stricken from docket by C.I.B. (24-Y 0-N)