HB0595 (CH0233)

Find a 2014 Bill:

2014 Regular Session



Real Property - Foreclosure of Residential Property - Certified Community Development Financial Institutions

Sponsored by:

Delegate Niemann


Approved by the Governor - Chapter 233

Synopsis:Providing that no person may require, as a condition of a sale or transfer of owner-occupied residential property to a certified community development financial institution, any affidavit, statement, agreement, or addendum that limits ownership or occupancy of the property by the immediately preceding mortgagor or grantor under specified circumstances; exempting a certified community development financial institution from specified homeowners in foreclosure protection laws; and making the Act an emergency measure.
Analysis:Fiscal and Policy Note (Revised)
All Sponsors:Delegates Niemann, Beidle, Bobo, Braveboy, Carr, Fraser-Hidalgo, Frush, Gilchrist, Griffith, Gutierrez, Healey, Holmes, Lafferty, McComas, McIntosh, McMillan, A. Miller, Norman, S. Robinson, Stein, and Walker
Additional Facts:Bill is an Emergency Bill
Bill File Type: Regular
Effective Date(s): Upon Enactment
Environmental Matters   View Committee HearingJudicial Proceedings   View Committee Hearing
Budget and Taxation
Broad Subject(s):Real Property
Taxes - Recordation and Transfer
Narrow Subject(s):Community Development
Contracts -see also- Land Installment Contracts; Procurement
Emergency Bills
Financial Institutions -see also- Banks; Credit Unions; etc.
Real Estate -see also- Agents and Brokers
Real Property
Revenue and Taxes -see also- Dev Fees &Taxes; specific tax
Security Interests -see also- Liens; Mechanics' Liens
Transfer Tax

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October 24, 2017 1:50 P.M.