Virginia House Bill 1028 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on January 9 2018 - 25% progression, died in committee
Action: 2018-02-13 - Left in General Laws
Pending: House General Laws Committee
Text: Latest bill text (Prefiled) [HTML]

Real estate settlement; choice of settlement service provider. Provides that a purchaser or borrower in a transaction related to real estate in the Commonwealth shall have the right to select the settlement agent, mortgage lender or broker, and any other vendor associated with the financing or settlement of such real estate. Currently, such right is limited to the choice of settlement agent. The bill also prohibits the seller or any other party associated with a real estate transaction from requiring the use of, or offering anything of value for the use of, a particular mortgage lender or broker or any other vendor as a condition of the sale.

Real estate settlement; choice of settlement service provider.

Del. Kelly Convirs-Fowler [D]

Del. Wendy Gooditis [D]

Del. Marcus Simon [D]

Date	Chamber	Action
2018-02-13	House	Left in General Laws
2018-02-08	House	Subcommittee recommends continuing to 2019 by voice vote
2018-01-26	House	Assigned GL sub: Subcommittee #2
2018-01-09	House	Referred to Committee on General Laws
2018-01-09	House	Prefiled and ordered printed; offered 01/10/18 18102638D

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?181+sum+HB1028
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?181+ful+HB1028+hil