VA HB1882 | 2021 | 1st Special Session

Note: Carry Over of previous HB1882

Status

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on February 25 2021 - 100% progression
Action: 2021-02-25 - Governor: Acts of Assembly Chapter text (CHAP0013)
Text: Latest bill text (Chaptered) [HTML]

Summary

Deeds of trust; amendment to loan document; statement of interest rate of a refinance mortgage. Provides that a deed of trust that has been recorded and that states that it secures indebtedness or other obligations under a loan document and that it also secures indebtedness or other obligations under such loan document as it may be amended, modified, supplemented, or restated shall secure such loan document as amended, modified, supplemented, or restated from time to time, without the necessity of recording an amendment to such deed of trust. The bill further requires that the interest rate of a prior mortgage be stated on the first page of a refinance mortgage. Deeds of trust; amendment to loan document; statement of interest rate of a refinance mortgage. Provides that a deed of trust that has been recorded and that states that it secures indebtedness or other obligations under a loan document and that it also secures indebtedness or other obligations under such loan document as it may be amended, modified, supplemented, or restated shall secure such loan document as amended, modified, supplemented, or restated from time to time, without the necessity of recording an amendment to such deed of trust. The bill further requires that the interest rate of a prior mortgage be stated on the first page of a refinance mortgage.

Tracking Information

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Title

Deeds of trust; amendment to loan document, statement of interest rate of a refinanced mortgage.

Sponsors


Roll Calls

2021-02-15 - Senate - Senate: Passed Senate (37-Y 2-N) (Y: 37 N: 2 NV: 0 Abs: 0) [PASS]
2021-02-12 - Senate - Senate: Constitutional reading dispensed (39-Y 0-N) (Y: 39 N: 0 NV: 0 Abs: 0) [PASS]
2021-02-10 - Senate - Senate: Reported from General Laws and Technology (13-Y 1-N) (Y: 13 N: 1 NV: 0 Abs: 0) [PASS]
2021-02-05 - Senate - Senate: Continued to 2021 Sp. Sess. 1 in General Laws and Technology (14-Y 0-N) (Y: 14 N: 0 NV: 0 Abs: 0) [PASS]
2021-01-27 - House - House: VOTE: Block Vote Passage (99-Y 0-N) (Y: 99 N: 0 NV: 0 Abs: 1) [PASS]
2021-01-22 - House - House: Reported from Courts of Justice with amendment(s) (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]
2021-01-20 - House - House: Subcommittee recommends reporting with amendments (7-Y 0-N) (Y: 7 N: 0 NV: 0 Abs: 1) [PASS]

History

DateChamberAction
2021-02-25 Governor: Acts of Assembly Chapter text (CHAP0013)
2021-02-25 Governor: Approved by Governor-Chapter 13 (effective 7/1/21)
2021-02-19 Governor: Governor's Action Deadline 11:59 p.m., February 26, 2021
2021-02-19HouseEnrolled Bill communicated to Governor on February 19, 2021
2021-02-18HouseSigned by Speaker
2021-02-17SenateSigned by President
2021-02-17HouseBill text as passed House and Senate (HB1882ER)
2021-02-17HouseEnrolled
2021-02-15SenatePassed Senate (37-Y 2-N)
2021-02-15SenateRead third time
2021-02-12SenateConstitutional reading dispensed (39-Y 0-N)
2021-02-10SenateReported from General Laws and Technology (13-Y 1-N)
2021-02-05SenateContinued to 2021 Sp. Sess. 1 in General Laws and Technology (14-Y 0-N)
2021-01-28SenateReferred to Committee on General Laws and Technology
2021-01-28SenateConstitutional reading dispensed
2021-01-27HouseVOTE: Block Vote Passage (99-Y 0-N)
2021-01-27HouseRead third time and passed House BLOCK VOTE (99-Y 0-N)
2021-01-26HousePrinted as engrossed 21101257D-E
2021-01-26HouseEngrossed by House as amended HB1882E
2021-01-26HouseCommittee amendments agreed to
2021-01-26HouseRead second time
2021-01-25HouseRead first time
2021-01-22HouseReported from Courts of Justice with amendment(s) (22-Y 0-N)
2021-01-20HouseSubcommittee recommends reporting with amendments (7-Y 0-N)
2021-01-19HouseAssigned Courts sub: Civil
2021-01-14HouseReferred to Committee for Courts of Justice
2021-01-14HouseReferred from General Laws by voice vote
2021-01-08HouseReferred to Committee on General Laws
2021-01-08HousePrefiled and ordered printed; offered 01/13/21 21101257D

Same As/Similar To

HB1882 (Carry Over) 2021-02-05 - Continued to 2021 Sp. Sess. 1 in General Laws and Technology (14-Y 0-N)

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
551318.1(n/a)See Bill Text
551319(n/a)See Bill Text

Virginia State Sources

TypeSource
Summaryhttps://lis.virginia.gov/cgi-bin/legp604.exe?212+sum+HB1882
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?212+ful+HB1882+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?212+ful+HB1882E+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?212+ful+HB1882ER+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?212+ful+CHAP0013+hil
Amendmenthttps://lis.virginia.gov/cgi-bin/legp604.exe?212+amd+HB1882AH
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?212+vot+H0802C0011+HB1882
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?212+vot+H08C0098+HB1882
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?212+vot+HC1180+HB1882
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?212+vot+S12C0119+HB1882
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?212+vot+S12V0019+HB1882
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?212+vot+SV0014HB1882+HB1882
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?212+vot+SV0032HB1882+HB1882

Bill Comments

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