Virginia Senate Bill 253 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Engrossed on February 10 2020 - 50% progression, died in committee
Action: 2020-12-04 - Left in Courts of Justice
Pending: House Courts of Justice Committee
Text: Latest bill text (Comm Sub) [HTML]

Deeds of trust; fiduciary duties. Specifies that a trustee under a deed of trust has only the duties, rights, and obligations imposed and conferred on it by the deed of trust or by statute. The bill further requires that a trustee shall comply with all restrictive covenants regarding the affordability of the property and that a trustee under a deed of trust is a fiduciary for both the debtor and the creditor. This bill is in response to Crosby v. ALG Trustee, LLC, 296 Va. 561 (2018). Deeds of trust; fiduciary duties. Specifies that a trustee under a deed of trust has only the duties, rights, and obligations imposed and conferred on it by the deed of trust or by statute. The bill further requires that a trustee shall comply with all restrictive covenants regarding the affordability of the property and that a trustee under a deed of trust is a fiduciary for both the debtor and the creditor. This bill is in response to Crosby v. ALG Trustee, LLC, 296 Va. 561 (2018).

Deeds of trust; fiduciary duties.

Sen. Benton Chafin [R]

2020-02-11 - Senate - Senate: Passed Senate (27-Y 12-N) (Y: 27 N: 12 NV: 0 Abs: 1) [PASS]
2020-02-11 - Senate - Senate: Reconsideration of passage agreed to by Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2020-02-11 - Senate - Senate: Read third time and passed Senate (26-Y 13-N) (Y: 26 N: 13 NV: 0 Abs: 1) [PASS]
2020-02-10 - Senate - Senate: Amendments by Senator Petersen rejected (18-Y 21-N) (Y: 18 N: 21 NV: 0 Abs: 1) [FAIL]
2020-02-06 - Senate - Senate: Amendments by Senator Petersen reconsidered (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2020-02-05 - Senate - Senate: Amendments by Senator Petersen agreed to (20-Y 20-N) (Y: 20 N: 20 NV: 0 Abs: 0) [FAIL]
2020-01-31 - Senate - Senate: Constitutional reading dispensed (37-Y 0-N) (Y: 37 N: 0 NV: 0 Abs: 3) [PASS]
2020-01-29 - Senate - Senate: Reported from Judiciary with substitute (8-Y 5-N 1-A) (Y: 8 N: 5 NV: 1 Abs: 0) [PASS]

Date	Chamber	Action
2020-12-04	House	Left in Courts of Justice
2020-02-28	House	Continued to 2021 in Courts of Justice by voice vote
2020-02-28	House	Subcommittee recommends continuing to 2021 by voice vote
2020-02-27	House	Assigned Courts sub: Civil
2020-02-14	House	Referred to Committee for Courts of Justice
2020-02-14	House	Read first time
2020-02-14	House	Placed on Calendar
2020-02-11	Senate	Passed Senate (27-Y 12-N)
2020-02-11	Senate	Reconsideration of passage agreed to by Senate (40-Y 0-N)
2020-02-11	Senate	Read third time and passed Senate (26-Y 13-N)
2020-02-10	Senate	Engrossed by Senate - committee substitute SB253S1
2020-02-10	Senate	Amendments by Senator Petersen rejected (18-Y 21-N)
2020-02-10	Senate	Reading of amendments waived
2020-02-10	Senate	Read second time
2020-02-07	Senate	Passed by for the day
2020-02-06	Senate	Passed by for the day
2020-02-06	Senate	Amendments by Senator Petersen reconsidered (40-Y 0-N)
2020-02-05	Senate	Passed by for the day
2020-02-05	Senate	Chair votes Yea
2020-02-05	Senate	Amendments by Senator Petersen agreed to (20-Y 20-N)
2020-02-05	Senate	Reading of amendments waived
2020-02-05	Senate	Committee substitute agreed to 20106654D-S1
2020-02-05	Senate	Reading of substitute waived
2020-02-05	Senate	Read second time
2020-02-04	Senate	Passed by for the day
2020-02-03	Senate	Passed by for the day
2020-01-31	Senate	Constitutional reading dispensed (37-Y 0-N)
2020-01-29	Senate	Committee substitute printed 20106654D-S1
2020-01-29	Senate	Reported from Judiciary with substitute (8-Y 5-N 1-A)
2020-01-16	Senate	Assigned Judiciary sub: Civil Law
2020-01-08	Senate	Moved from Courts of Justice to Judiciary due to a change of the committee name
2020-01-02	Senate	Referred to Committee on the Judiciary
2020-01-02	Senate	Prefiled and ordered printed; offered 01/08/20 20102906D

SB253 (Carry Over) 2020-02-28 - Continued to 2021 in Courts of Justice by voice vote

Chapter	Article	Section	Citation Type	Statute Text
55	1	320	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?211+sum+SB253
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?211+ful+SB253+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?211+ful+SB253S1+hil
Amendment	https://lis.virginia.gov/cgi-bin/legp604.exe?211+amd+SB253AS
Amendment	https://lis.virginia.gov/cgi-bin/legp604.exe?211+amd+SB253ASR
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?211+vot+S03C0126+SB0253
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?211+vot+SC0257SB0253+SB0253
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?211+vot+SC0354SB0253+SB0253
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?211+vot+SC0379SB0253+SB0253
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?211+vot+SC0453SB0253+SB0253
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?211+vot+SC0473SB0253+SB0253
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?211+vot+SC0511SB0253+SB0253
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?211+vot+SC0512SB0253+SB0253