VA SB195 | 2018 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 1 2018 - 25% progression, died in chamber
Action: 2018-01-22 - Passed by indefinitely in General Laws and Technology with letter (15-Y 0-N)
Text: Latest bill text (Prefiled) [HTML]

Summary

Virginia Residential Rent-to-Own Real Estate Contracts Act; civil penalties. Creates the Virginia Residential Rent-to-Own Real Estate Contracts Act that establishes contract requirements and prohibitions for installment land contracts and lease-option contracts as defined in the bill. Under the bill, a violation by a person who sells, or proposes to sell, real property under an installment land contract or lease-option contract constitutes a fraudulent act or practice for purposes of applying the Virginia Consumer Protection Act.

Tracking Information

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Title

Virginia Residential Rent-to-Own Real Estate Contracts Act; created.

Sponsors


Roll Calls


History

DateChamberAction
2018-01-22SenatePassed by indefinitely in General Laws and Technology with letter (15-Y 0-N)
2018-01-22SenateCommittee amendments
2018-01-01SenateReferred to Committee on General Laws and Technology
2018-01-01SenatePrefiled and ordered printed; offered 01/10/18 18101656D

Virginia State Sources


Bill Comments

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