- Title
- Real Property - Partition of Property - Liens and Purchase Price Adjustments
- Sponsored by
- Delegates Reilly, Anderson, Arentz, Baker, Beauchamp, Ciliberti, Griffith, Hornberger, Hutchinson, McComas, T. Morgan, Rose, Tomlinson, and Valentine
- Status
- In the Senate - Hearing 4/03 at 1:00 p.m.
- Analysis
- Fiscal and Policy Note (Revised)
Synopsis
Requiring a party to a partition action to timely notify the court of the type and amount of each outstanding lien on the property if the plaintiff does not procure a title report; altering the calculation of the purchase price for the interest of a cotenant by subtracting the amount of outstanding liens owed on the property from the value of the entire parcel; requiring the court to adjust the purchase price for the interest of a cotenant based on certain costs and income from the property; and applying the Act prospectively.
Committees
- Original:
- Economic Matters Click to view Recorded Media
- Opposite:
- Judicial Proceedings
Committee Testimony
Details
Introduced in a prior session as: HB1312 Session: 2025 Regular Session
Bill File Type: Regular
Effective Date(s): October 1, 2026
History
Toggle History Dropdown
File Code
Toggle Filecode Dropdown
Subjects
Toggle Subjects Dropdown
Statutes
Last Updated: 3/30/2026 3:57 PM
MyMGA
Accessibility Tools