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]
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.
Title
Virginia Residential Rent-to-Own Real Estate Contracts Act; created.
Sponsors
Sen. Mamie Locke [D] |
Roll Calls
2018-01-22 - Senate - Senate: Passed by indefinitely in General Laws and Technology with letter (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
History
Date | Chamber | Action |
---|---|---|
2018-01-22 | Senate | Passed by indefinitely in General Laws and Technology with letter (15-Y 0-N) |
2018-01-22 | Senate | Committee amendments |
2018-01-01 | Senate | Referred to Committee on General Laws and Technology |
2018-01-01 | Senate | Prefiled and ordered printed; offered 01/10/18 18101656D |