Virginia House Bill 1338 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 21 2022 - 25% progression, died in chamber
Action: 2022-02-07 - Stricken from docket by Courts of Justice (20-Y 0-N)
Text: Latest bill text (Introduced) [HTML]

Notices required before sale by trustee. Provides that notice of any proposed sale in execution of a deed of trust shall be given to any personal representative of the deceased's estate whose appointment is recorded at least 75 days prior to the proposed sale and any heirs of the deceased who are listed on the list of heirs recorded at least 75 days prior to the proposed sale. Under current law, there is no time frame within which either such recordation must have been made. The bill further provides that in event of a foreclosure arising from a failure to satisfy periodic payments required by the terms of a deed of trust conveying owner-occupied residential real estate, a notice to the owner shall include the date of the last payment received and the amount received; the total amount of principal, interest, costs, and fees due in arrears; and the remaining total principal balance due on the instrument.

Deed of trust; notices required before proposed sale by trustee.

Del. Luke Torian [D]

2022-02-07 - House - House: Stricken from docket by Courts of Justice (20-Y 0-N) (Y: 20 N: 0 NV: 0 Abs: 0) [PASS]
2022-02-02 - House - House: Subcommittee recommends striking from docket (7-Y 0-N) (Y: 7 N: 0 NV: 0 Abs: 1) [PASS]

Date	Chamber	Action
2022-02-07	House	Stricken from docket by Courts of Justice (20-Y 0-N)
2022-02-02	House	Subcommittee recommends striking from docket (7-Y 0-N)
2022-02-01	House	Assigned Courts sub: Subcommittee #2
2022-01-21	House	Referred to Committee for Courts of Justice
2022-01-21	House	Presented and ordered printed 22104882D

Chapter	Article	Section	Citation Type	Statute Text
55	1	321	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?221+sum+HB1338
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+HB1338+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?221+vot+H0802V0020+HB1338
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?221+vot+H08V0066+HB1338