Virginia Senate Bill 1284 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 12 2011 - 25% progression, died in chamber
Action: 2011-01-31 - Senate: Stricken at request of Patron in Commerce and Labor (14-Y 0-N)
Text: Latest bill text (Introduced) [HTML]

Real estate lending; creditworthiness of victims of Chinese drywall. Prohibits any bank, savings institution, credit union, or licensed mortgage lender from making a detrimental decision with regard to a real estate loan application that has been submitted by an individual on the basis of the individual's credit history if, and to the extent that, the individual's credit history has been detrimentally affected by financial loss resulting from the individual's ownership of a dwelling that was damaged as a result of the use of Chinese drywall in its construction or in the making of repairs thereto. A lender who violates this prohibition shall be liable to the loan applicant for any actual damages he sustains.

Real estate lending; creditworthiness of victims of Chinese drywall.

Sen. Jeffrey McWaters [R]

2011-01-31 - Senate - Senate: Stricken at request of Patron in Commerce and Labor (14-Y 0-N) (Y: 14 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2011-01-31		Senate: Stricken at request of Patron in Commerce and Labor (14-Y 0-N)
2011-01-12		Senate: Referred to Committee on Commerce and Labor
2011-01-12		Senate: Prefiled and ordered printed; offered 01/12/11 11100558D

Chapter	Article	Section	Citation Type	Statute Text
6	2	407.1	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?111+sum+SB1284
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?111+ful+SB1284+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?111+vot+S02V0051+SB1284