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2017 SESSION
HB 1623 Residential rental property; foreclosure shall act as a termination agreement.
Introduced by: David E. Yancey | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Residential rental property. Removes a provision that allows a tenant to remain in a dwelling unit that has been foreclosed upon pursuant to the federal Protecting Tenants at Foreclosure Act because the Act expired on December 31, 2014, and is no longer in effect. The bill provides that the foreclosure of a residential rental property shall act as a termination of the rental agreement by the owner of such property. In such case, the tenant may remain in possession of such dwelling unit as a month-to-month tenant on the terms of the terminated rental agreement until the successor owner gives a notice of termination of such month-to-month tenancy. The bill also provides how rental payments may be made during the period of the month-to-month tenancy. In addition, the bill requires a current owner of rental property who has entered into a written property management agreement with a managing agent and who has subsequently entered into a purchase agreement with a new owner to give written notice to the managing agent requesting payment of security deposits to the current owner prior to settlement with the new owner. The bill requires the managing agent to transfer the security deposits to the current owner and provide written notice to each tenant that his security deposit has been transferred. This bill is identical to SB 991.
FULL TEXT
- 01/04/17 House: Prefiled and ordered printed; offered 01/11/17 17101394D pdf | impact statement
- 01/24/17 House: Printed as engrossed 17101394D-E pdf | impact statement
- 02/06/17 Senate: Committee substitute printed 17105244D-S1 pdf | impact statement
- 02/14/17 House: Bill text as passed House and Senate (HB1623ER) pdf | impact statement
- 02/20/17 Governor: Acts of Assembly Chapter text (CHAP0063) pdf
AMENDMENTS
HISTORY
- 01/04/17 House: Prefiled and ordered printed; offered 01/11/17 17101394D
- 01/04/17 House: Referred to Committee on General Laws
- 01/16/17 House: Assigned GL sub: Subcommittee #1
- 01/17/17 House: Subcommittee recommends reporting with amendment (7-Y 0-N)
- 01/19/17 House: Reported from General Laws with amendment (22-Y 0-N)
- 01/23/17 House: Read first time
- 01/24/17 House: Read second time
- 01/24/17 House: Committee amendment agreed to
- 01/24/17 House: Engrossed by House as amended HB1623E
- 01/24/17 House: Printed as engrossed 17101394D-E
- 01/25/17 House: Read third time and passed House BLOCK VOTE (99-Y 0-N)
- 01/25/17 House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
- 01/26/17 Senate: Constitutional reading dispensed
- 01/26/17 Senate: Referred to Committee on General Laws and Technology
- 02/06/17 Senate: Reported from General Laws and Technology with substitute (13-Y 0-N)
- 02/06/17 Senate: Committee substitute printed 17105244D-S1
- 02/08/17 Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/09/17 Senate: Read third time
- 02/09/17 Senate: Reading of substitute waived
- 02/09/17 Senate: Committee substitute agreed to 17105244D-S1
- 02/09/17 Senate: Engrossed by Senate - committee substitute HB1623S1
- 02/09/17 Senate: Passed Senate with substitute (40-Y 0-N)
- 02/13/17 House: Placed on Calendar
- 02/13/17 House: Senate substitute agreed to by House 17105244D-S1 (97-Y 0-N)
- 02/13/17 House: VOTE: ADOPTION (97-Y 0-N)
- 02/14/17 House: Enrolled
- 02/14/17 House: Bill text as passed House and Senate (HB1623ER)
- 02/14/17 House: Signed by Speaker
- 02/15/17 Senate: Signed by President
- 02/15/17 House: Enrolled Bill communicated to Governor on 2/15/17
- 02/15/17 Governor: Governor's Action Deadline Midnight, February 22, 2017
- 02/20/17 Governor: Approved by Governor-Chapter 63 (effective 7/1/17)
- 02/20/17 Governor: Acts of Assembly Chapter text (CHAP0063)