HB 2099 Real estate settlements; disclosures may be provided electronically and overnight delivery.
James M. Scott | all patrons    ...    notes
| add to my profiles

Summary as introduced:
Real estate settlements; disclosures.  Provides that the disclosure required by the seller under the Virginia Residential Property Disclosure Act may be provided by electronic means and overnight delivery using a commercial service or the U.S. Postal Service. Currently the disclosure must be made by either hand delivery or by United States mail.  Regarding disclosures related to settlement service providers, the bill requires that a person making a referral to an affiliated settlement service provider where the person owns more than one percent of the affiliated service provider must disclose the percentage of the interest. Under the bill if the percentage is higher than 50 percent, the disclosure must state that the service provider is a subsidiary of the person making the referral.

Full text:
01/12/11  House: Prefiled and ordered printed; offered 01/12/11 11100729D  pdf
02/22/11  House: Bill text as passed House and Senate (HB2099ER)  pdf
03/14/11  Governor: Acts of Assembly Chapter text (CHAP0082)  pdf

Status:
01/12/11  House: Prefiled and ordered printed; offered 01/12/11 11100729D
01/12/11  House: Referred to Committee on General Laws
01/17/11  House: Assigned GL sub: #1 Housing
01/26/11  House: Subcommittee recommends reporting (7-Y 0-N)
01/27/11  House: Reported from General Laws (22-Y 0-N)
01/31/11  House: Read first time
02/01/11  House: Read second time and engrossed
02/02/11  House: Read third time and passed House BLOCK VOTE (98-Y 0-N)
02/02/11  House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N)
02/03/11  Senate: Constitutional reading dispensed
02/03/11  Senate: Referred to Committee for Courts of Justice
02/04/11  Senate: Assigned Courts sub: Civil
02/14/11  Senate: Reported from Courts of Justice (15-Y 0-N)
02/15/11  Senate: Constitutional reading dispensed (40-Y 0-N)
02/16/11  Senate: Read third time
02/16/11  Senate: Passed Senate (40-Y 0-N)
02/22/11  House: Enrolled
02/22/11  House: Bill text as passed House and Senate (HB2099ER)
02/22/11  House: Signed by Speaker
02/23/11  Senate: Signed by President
03/14/11  Governor: Approved by Governor-Chapter 82 (effective 7/1/11)
03/14/11  Governor: Acts of Assembly Chapter text (CHAP0082)