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2011 SESSION
SB 931 Transfer fee covenants; shall not run with title to real property & not enforceable against owner.
Introduced by: Ryan T. McDougle | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Transfer fee covenants. Provides that a transfer fee covenant recorded in the Commonwealth on or after July 1, 2011, shall not run with the title to real property and is not binding on, or enforceable against, any subsequent owner, purchaser, or mortgagee of any interest in real property. The bill further provides that any lien purporting to secure the payment of a transfer fee under a transfer fee covenant recorded in the Commonwealth on or after July 1, 2011, is void and unenforceable.
FULL TEXT
- 01/10/11 Senate: Prefiled and ordered printed; offered 01/12/11 11103022D pdf
- 02/02/11 Senate: Printed as engrossed 11103022D-E pdf
- 03/03/11 Senate: Bill text as passed Senate and House (SB931ER) pdf
- 03/26/11 Governor: Acts of Assembly Chapter text (CHAP0706) pdf
AMENDMENTS
HISTORY
- 01/10/11 Senate: Prefiled and ordered printed; offered 01/12/11 11103022D
- 01/10/11 Senate: Referred to Committee for Courts of Justice
- 01/12/11 Senate: Assigned Courts sub: Civil
- 01/31/11 Senate: Reported from Courts of Justice with amendment (15-Y 0-N)
- 02/01/11 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/02/11 Senate: Read second time
- 02/02/11 Senate: Reading of amendment waived
- 02/02/11 Senate: Committee amendment agreed to
- 02/02/11 Senate: Engrossed by Senate as amended SB931E
- 02/02/11 Senate: Printed as engrossed 11103022D-E
- 02/03/11 Senate: Read third time and passed Senate (40-Y 0-N)
- 02/07/11 House: Placed on Calendar
- 02/07/11 House: Read first time
- 02/07/11 House: Referred to Committee for Courts of Justice
- 02/07/11 House: Assigned Courts sub: #2 Civil
- 02/16/11 House: Subcommittee recommends reporting with amendment(s) (9-Y 0-N)
- 02/21/11 House: Reported from Courts of Justice with amendment (22-Y 0-N)
- 02/23/11 House: Read second time
- 02/24/11 House: Read third time
- 02/24/11 House: Committee amendment agreed to
- 02/24/11 House: Engrossed by House as amended
- 02/24/11 House: Passed House with amendment BLOCK VOTE (98-Y 0-N)
- 02/24/11 House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N)
- 02/24/11 House: Reconsideration of House passage agreed to by House
- 02/24/11 House: Passed House with amendment BLOCK VOTE (99-Y 0-N)
- 02/24/11 House: VOTE: PASSAGE #2 (99-Y 0-N)
- 02/24/11 Senate: House amendment agreed to by Senate (39-Y 0-N)
- 03/03/11 Senate: Enrolled
- 03/03/11 Senate: Bill text as passed Senate and House (SB931ER)
- 03/03/11 House: Signed by Speaker
- 03/06/11 Senate: Signed by President
- 03/26/11 Governor: Approved by Governor-Chapter 706 (effective 7/1/11)
- 03/26/11 Governor: Acts of Assembly Chapter text (CHAP0706)