VA SB1428 | 2023 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 11 2023 - 25% progression, died in chamber
Action: 2023-01-18 - Passed by indefinitely in General Laws and Technology with letter (12-Y 2-N)
Text: Latest bill text (Comm Sub) [HTML]
Status: Introduced on January 11 2023 - 25% progression, died in chamber
Action: 2023-01-18 - Passed by indefinitely in General Laws and Technology with letter (12-Y 2-N)
Text: Latest bill text (Comm Sub) [HTML]
Summary
Common interest communities; foreclosure remedy. Prohibits a common interest community association from conducting a foreclosure sale on a lien for unpaid assessments totaling less than $5,000, excluding interest and attorney fees. Current law does not place a limit on the amount of assessments that must be unpaid before a common interest community association may conduct a foreclosure sale on a lien for any such unpaid assessments. The bill also limits interest charged on such unpaid assessments to an annual rate of six percent and prohibits any bill to enforce a lien from being entertained upon such property if the assessments are less than $5,000. Current law prohibits any bill to enforce a lien from being entertained if such real estate is the judgment debtor's primary residence unless the judgment exceeds $25,000.
Title
Common interest communities; foreclosure remedy.
Sponsors
Roll Calls
2023-01-18 - Senate - Senate: Passed by indefinitely in General Laws and Technology with letter (12-Y 2-N) (Y: 12 N: 2 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2023-01-18 | Senate | Passed by indefinitely in General Laws and Technology with letter (12-Y 2-N) |
| 2023-01-18 | Senate | Committee substitute printed to LIS only 23104998D-S1 |
| 2023-01-11 | Senate | Referred to Committee on General Laws and Technology |
| 2023-01-11 | Senate | Prefiled and ordered printed; offered 01/11/23 23103827D |
Subjects
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 55 | 1 | 1828 | (n/a) | See Bill Text |
| 55 | 1 | 1833 | (n/a) | See Bill Text |
| 55 | 1 | 1915 | (n/a) | See Bill Text |
| 55 | 1 | 1966 | (n/a) | See Bill Text |
| 55 | 1 | 2146 | (n/a) | See Bill Text |
| 55 | 1 | 2148 | (n/a) | See Bill Text |
| 55 | 1 | 2211 | (n/a) | See Bill Text |
| 55 | 1 | 2305 | (n/a) | See Bill Text |
| 8 | 01 | 463 | (n/a) | See Bill Text |
