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2011 SESSION
HB 2099 Real estate settlements; disclosures may be provided electronically and overnight delivery.
Introduced by: James M. Scott | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Real estate settlements; disclosures. Provides that the disclosure required by the seller under the Virginia Residential Property Disclosure Act may be provided by electronic means and overnight delivery using a commercial service or the U.S. Postal Service. Currently the disclosure must be made by either hand delivery or by United States mail. Regarding disclosures related to settlement service providers, the bill requires that a person making a referral to an affiliated settlement service provider where the person owns more than one percent of the affiliated service provider must disclose the percentage of the interest. Under the bill if the percentage is higher than 50 percent, the disclosure must state that the service provider is a subsidiary of the person making the referral.
FULL TEXT
- 01/12/11 House: Prefiled and ordered printed; offered 01/12/11 11100729D pdf
- 02/22/11 House: Bill text as passed House and Senate (HB2099ER) pdf
- 03/14/11 Governor: Acts of Assembly Chapter text (CHAP0082) pdf
HISTORY
- 01/12/11 House: Prefiled and ordered printed; offered 01/12/11 11100729D
- 01/12/11 House: Referred to Committee on General Laws
- 01/17/11 House: Assigned GL sub: #1 Housing
- 01/26/11 House: Subcommittee recommends reporting (7-Y 0-N)
- 01/27/11 House: Reported from General Laws (22-Y 0-N)
- 01/31/11 House: Read first time
- 02/01/11 House: Read second time and engrossed
- 02/02/11 House: Read third time and passed House BLOCK VOTE (98-Y 0-N)
- 02/02/11 House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N)
- 02/03/11 Senate: Constitutional reading dispensed
- 02/03/11 Senate: Referred to Committee for Courts of Justice
- 02/04/11 Senate: Assigned Courts sub: Civil
- 02/14/11 Senate: Reported from Courts of Justice (15-Y 0-N)
- 02/15/11 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/16/11 Senate: Read third time
- 02/16/11 Senate: Passed Senate (40-Y 0-N)
- 02/22/11 House: Enrolled
- 02/22/11 House: Bill text as passed House and Senate (HB2099ER)
- 02/22/11 House: Signed by Speaker
- 02/23/11 Senate: Signed by President
- 03/14/11 Governor: Approved by Governor-Chapter 82 (effective 7/1/11)
- 03/14/11 Governor: Acts of Assembly Chapter text (CHAP0082)