Virginia House Bill 763 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on March 27 2014 - 100% progression
Action: 2014-03-27 - Governor: Acts of Assembly Chapter text (CHAP0338)
Text: Latest bill text (Chaptered) [HTML]

Recorded writings; deeds; cover sheets; indexes. Permits, but does not require, the use of a cover sheet in the presentation of instruments for recordation in jurisdictions that do not currently mandate the use of cover sheets. The bill provides for specific requirements for cover sheets used in the filing of deeds and other instruments relating to real property and provides that the cover sheets shall be developed in conjunction with the Office of the Executive Secretary of the Supreme Court. The bill changes the statutory form of deeds, deeds of trust, and credit line deeds of trust. The bill removes the requirement that a deed of trust trustee's office be located within the Commonwealth. The bill expressly permits limited liability companies, partnerships, and other entities to act as trustees of a deed of trust. Under current law, only individuals and corporations may act as deed of trust trustees. The bill substitutes the term "beneficiary" for "noteholder," thereby including other types of secured parties. The bill also defines "prior mortgage" and redefines "refinance mortgage" to clarify the priority of mortgages. The bill contains a partial delayed effective date as to provisions governing cover sheets in Title 17.1.

Recordation of deeds and deeds of trust; use of cover sheets on deeds.

Del. Randall Minchew [R]

2014-02-28 - House - House: VOTE: ADOPTION (98-Y 0-N) (Y: 100 N: 0 NV: 2 Abs: 0) [PASS]
2014-02-26 - Senate - Senate: Passed Senate with substitute (39-Y 0-N) (Y: 39 N: 0 NV: 1 Abs: 0) [PASS]
2014-02-25 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2014-02-24 - Senate - Senate: Reported from Courts of Justice with substitute (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
2014-02-11 - House - House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (Y: 101 N: 0 NV: 0 Abs: 0) [PASS]
2014-02-07 - House - House: Reported from Courts of Justice with substitute (22-Y 0-N) (Y: 23 N: 0 NV: 0 Abs: 0) [PASS]
2014-02-03 - House - House: Subcommittee recommends reporting with amendment(s) (10-Y 0-N) (Y: 10 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2014-03-27		Governor: Acts of Assembly Chapter text (CHAP0338)
2014-03-27		Governor: Approved by Governor-Chapter 338 (effective - see bill)
2014-03-08	Senate	Signed by President
2014-03-05	House	Signed by Speaker
2014-03-05	House	Bill text as passed House and Senate (HB763ER)
2014-03-05	House	Enrolled
2014-02-28	House	VOTE: ADOPTION (98-Y 0-N)
2014-02-28	House	Senate substitute agreed to by House 14105096D-S1 (98-Y 0-N)
2014-02-26	Senate	Passed Senate with substitute (39-Y 0-N)
2014-02-26	Senate	Engrossed by Senate - committee substitute HB763S1
2014-02-26	Senate	Committee substitute agreed to 14105096D-S1
2014-02-26	Senate	Reading of substitute waived
2014-02-26	Senate	Read third time
2014-02-25	Senate	Constitutional reading dispensed (40-Y 0-N)
2014-02-24	Senate	Committee substitute printed 14105096D-S1
2014-02-24	Senate	Reported from Courts of Justice with substitute (15-Y 0-N)
2014-02-12	Senate	Referred to Committee for Courts of Justice
2014-02-12	Senate	Constitutional reading dispensed
2014-02-11	House	VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
2014-02-11	House	Read third time and passed House BLOCK VOTE (99-Y 0-N)
2014-02-10	House	Engrossed by House - committee substitute HB763H1
2014-02-10	House	Committee substitute agreed to 14104390D-H1
2014-02-10	House	Read second time
2014-02-08	House	Read first time
2014-02-07	House	Committee substitute printed 14104390D-H1
2014-02-07	House	Reported from Courts of Justice with substitute (22-Y 0-N)
2014-02-03	House	Subcommittee recommends reporting with amendment(s) (10-Y 0-N)
2014-01-10	House	Assigned Courts sub: Civil
2014-01-07	House	Referred to Committee for Courts of Justice
2014-01-07	House	Prefiled and ordered printed; offered 01/08/14 14101983D

Chapter	Article	Section	Citation Type	Statute Text
17	1	223	(n/a)	See Bill Text
17	1	227	(n/a)	See Bill Text
17	1	227.1	(n/a)	See Bill Text
17	1	249	(n/a)	See Bill Text
17	1	252	(n/a)	See Bill Text
58	1	811	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?141+sum+HB763
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?141+ful+HB763+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?141+ful+HB763H1+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?141+ful+HB763S1+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?141+ful+HB763ER+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?141+ful+CHAP0338+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?141+vot+H0802V0126+HB0763
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?141+vot+H08V0151+HB0763
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?141+vot+HV0638+HB0763
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?141+vot+S03V0264+HB0763
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?141+vot+SV0546HB0763+HB0763
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?141+vot+SV0575HB0763+HB0763
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?141+vot+HV1218+HB0763