HB 302 Release of deed of trust or other lien.
Robert F. McDonnell | all patrons    ...    notes
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Summary as passed: (all summaries)
Release of deed of trust or other lien. Authorizes a settlement agent who has paid the obligation secured by a mortgage or deed of trust to release the lien by executing and filing a certificate of satisfaction. This procedure is available only if the settlement agent has delivered a notice of intent to release the mortgage and a copy of the payoff letter to the lien creditor and the lien creditor does not within 90 days notify the settlement agent that (i) another release has been recorded, (ii) the obligation secured by the mortgage has not been paid, or (iii) the lien creditor otherwise objects to the release of the mortgage. This optional procedure applies only to transactions involving not more than four residential dwelling units. The bill also clarifies that a release of a deed of trust may be delivered by courier.

Full text:
01/09/02  House: Presented & ordered printed, prefiled 01/07/02 024387836  pdf
03/04/02  Senate: Committee substitute printed 025282836-S1  pdf
03/14/02  House: Bill text as passed House and Senate (HB302ER)  pdf
04/17/02  House: Reenrolled bill text (HB302ER2)  pdf
04/18/02  Governor: Acts of Assembly Chapter text (CHAP0862)  pdf

Amendments:
Governor's recommendation

Status:
01/09/02  House: Presented & ordered printed, prefiled 01/07/02 024387836
01/09/02  House: Referred to Committee for Courts of Justice
01/14/02  House: Reported from Courts of Justice (21-Y 0-N)
01/16/02  House: Read first time
01/17/02  House: Read second time and engrossed
01/18/02  House: Read third time and passed House BLOCK VOTE (96-Y 0-N)
01/18/02  House: VOTE: BLOCK VOTE PASSAGE (96-Y 0-N)
01/18/02  House: Communicated to Senate
01/21/02  Senate: Constitutional reading dispensed
01/21/02  Senate: Referred to Committee for Courts of Justice
03/04/02  Senate: Reported from Courts of Justice w/sub (15-Y 0-N)
03/04/02  Senate: Committee substitute printed 025282836-S1
03/05/02  Senate: Constitutional reading dispensed (38-Y 0-N)
03/05/02  Senate: VOTE: CONST. RDG. DISPENSED R (38-Y 0-N)
03/05/02  Senate: Read third time
03/05/02  Senate: Reading of substitute waived
03/05/02  Senate: Committee substitute agreed to 025282836-S1
03/05/02  Senate: Passed by for the day
03/06/02  Senate: Read third time
03/06/02  Senate: Committee substitute reconsidered (40-Y 0-N)
03/06/02  Senate: VOTE: RECONSIDER (40-Y 0-N)
03/06/02  Senate: Passed by for the day
03/07/02  Senate: Read third time
03/07/02  Senate: Reading of substitute waived
03/07/02  Senate: Chair rules substitute is germane
03/07/02  Senate: Committee substitute agreed to 025282836-S1
03/07/02  Senate: Engrossed by Senate - committee substitute 025282836-S1
03/07/02  Senate: Passed Senate with substitute (31-Y 6-N)
03/07/02  Senate: VOTE: PASSAGE (31-Y 6-N)
03/07/02  Senate: Rec. of Sen. passage agreed to by Senate (40-Y 0-N)
03/07/02  Senate: VOTE: RECONSIDER (40-Y 0-N)
03/07/02  Senate: Passed Senate with substitute (33-Y 7-N)
03/07/02  Senate: VOTE: PASSAGE (33-Y 7-N)
03/07/02  House: Placed on Calendar
03/07/02  House: Senate substitute agreed to by House (83-Y 0-N)
03/07/02  House: VOTE: ADOPTION (83-Y 0-N)
03/14/02  House: Bill text as passed House and Senate (HB302ER)
03/18/02  House: Enrolled
03/18/02  House: Signed by Speaker
03/19/02  Senate: Signed by President
04/08/02  House: Governor's recommendation received by House
04/17/02  House: Placed on Calendar
04/17/02  House: House concurred in Gov's recommendation (99-Y 0-N)
04/17/02  House: VOTE: ADOPTION (99-Y 0-N)
04/17/02  Senate: Senate concurred in Gov's recommendation(40-Y 0-N)
04/17/02  Senate: VOTE: ADOPT GOV. RECOMM. (40-Y 0-N)
04/17/02  Governor: Governor's recommendation adopted
04/17/02  House: Reenrolled
04/17/02  House: Reenrolled bill text (HB302ER2)
04/17/02  House: Signed by Speaker as reenrolled
04/17/02  Senate: Signed by President as reenrolled
04/17/02  House: Enacted, Chapter 862 (effective 7/1/02)
04/18/02  Governor: Acts of Assembly Chapter text (CHAP0862)