VA SB204 | 2016 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on April 1 2016 - 100% progression
Action: 2016-04-01 - Governor: Acts of Assembly Chapter text (CHAP0619)
Text: Latest bill text (Chaptered) [HTML]
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on April 1 2016 - 100% progression
Action: 2016-04-01 - Governor: Acts of Assembly Chapter text (CHAP0619)
Text: Latest bill text (Chaptered) [HTML]
Summary
Real estate settlement agents. Adds to provisions relating to real estate settlement agents a new term, "closing disclosure," defined in the bill as the combined mortgage loan disclosure statement of final loan terms and closing costs prescribed under the Real Estate Settlement Procedures Act (12 U.S.C. § 2601 et seq.) and the Consumer Financial Protection Bureau Regulation X (12 C.F.R. Part 1024) and Regulation Z (12 C.F.R. Part 1026), to comply with changes made by the federal Consumer Financial Protection Bureau to the real estate closing process. The bill also makes the settlement agent's registration fee nonrefundable. The bill removes the requirement that the Bureau of Insurance notify the Virginia State Bar to terminate a settlement agent's registration upon termination of his last appointment because the Bureau, and not the Virginia State Bar, administers the licensing process.
Title
Real estate settlement agents; adds to provisions relating to agents, "closing disclosure."
Sponsors
Roll Calls
2016-03-08 - House - House: VOTE: PASSAGE (97-Y 0-N) (Y: 100 N: 0 NV: 3 Abs: 0) [PASS]
2016-03-01 - House - House: Reported from General Laws (21-Y 0-N) (Y: 22 N: 0 NV: 1 Abs: 0) [PASS]
2016-03-01 - House - House: Reported from General Laws (21-Y 0-N) (Y: 22 N: 0 NV: 1 Abs: 0) [PASS]
2016-02-25 - House - House: Subcommittee recommends reporting (7-Y 0-N) (Y: 8 N: 0 NV: 0 Abs: 0) [PASS]
2016-02-05 - Senate - Senate: Read third time and passed Senate (39-Y 0-N) (Y: 39 N: 0 NV: 1 Abs: 0) [PASS]
2016-02-03 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2016-02-01 - Senate - Senate: Reported from Commerce and Labor with substitute (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
2016-01-18 - Senate - Senate: Rereferred from Courts of Justice (14-Y 0-N) (Y: 14 N: 0 NV: 0 Abs: 0) [PASS]
2016-03-01 - House - House: Reported from General Laws (21-Y 0-N) (Y: 22 N: 0 NV: 1 Abs: 0) [PASS]
2016-03-01 - House - House: Reported from General Laws (21-Y 0-N) (Y: 22 N: 0 NV: 1 Abs: 0) [PASS]
2016-02-25 - House - House: Subcommittee recommends reporting (7-Y 0-N) (Y: 8 N: 0 NV: 0 Abs: 0) [PASS]
2016-02-05 - Senate - Senate: Read third time and passed Senate (39-Y 0-N) (Y: 39 N: 0 NV: 1 Abs: 0) [PASS]
2016-02-03 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2016-02-01 - Senate - Senate: Reported from Commerce and Labor with substitute (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
2016-01-18 - Senate - Senate: Rereferred from Courts of Justice (14-Y 0-N) (Y: 14 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2016-04-01 | Governor: Acts of Assembly Chapter text (CHAP0619) | |
| 2016-04-01 | Governor: Approved by Governor-Chapter 619 (effective 7/1/16) | |
| 2016-03-11 | Governor: Governor's Action Deadline Midnight, Sunday, April 10, 2016 | |
| 2016-03-11 | Senate | Enrolled Bill Communicated to Governor on 3/11/16 |
| 2016-03-10 | Senate | Signed by President |
| 2016-03-09 | House | Signed by Speaker |
| 2016-03-09 | Senate | Bill text as passed Senate and House (SB204ER) |
| 2016-03-09 | Senate | Enrolled |
| 2016-03-08 | House | VOTE: PASSAGE (97-Y 0-N) |
| 2016-03-08 | House | Passed House (97-Y 0-N) |
| 2016-03-08 | House | Read third time |
| 2016-03-07 | House | Passed by for the day |
| 2016-03-04 | House | Passed by for the day |
| 2016-03-04 | House | Read third time |
| 2016-03-03 | House | Read second time |
| 2016-03-01 | House | Reported from General Laws (21-Y 0-N) |
| 2016-02-25 | House | Subcommittee recommends reporting (7-Y 0-N) |
| 2016-02-17 | House | Assigned GL sub: Subcommittee #1 |
| 2016-02-11 | House | Referred to Committee on General Laws |
| 2016-02-11 | House | Read first time |
| 2016-02-11 | House | Placed on Calendar |
| 2016-02-05 | Senate | Read third time and passed Senate (39-Y 0-N) |
| 2016-02-04 | Senate | Engrossed by Senate - committee substitute SB204S1 |
| 2016-02-04 | Senate | Committee substitute agreed to 16104516D-S1 |
| 2016-02-04 | Senate | Reading of substitute waived |
| 2016-02-04 | Senate | Read second time |
| 2016-02-03 | Senate | Constitutional reading dispensed (40-Y 0-N) |
| 2016-02-01 | Senate | Committee substitute printed 16104516D-S1 |
| 2016-02-01 | Senate | Reported from Commerce and Labor with substitute (15-Y 0-N) |
| 2016-01-18 | Senate | Rereferred to Commerce and Labor |
| 2016-01-18 | Senate | Rereferred from Courts of Justice (14-Y 0-N) |
| 2016-01-05 | Senate | Referred to Committee for Courts of Justice |
| 2016-01-05 | Senate | Prefiled and ordered printed; offered 01/13/16 16101551D |
