Legislation

Title: Real Property - Refinance Mortgage - Priority over Junior Liens
Sponsored by: Delegates Arora, Feldman, Kramer, Beidle, Gilchrist, Glenn, Healey, McMillan, Niemann, Norman, and Stein
Status: Vetoed by the Governor (Duplicative)
Analysis: Fiscal and Policy Note (Revised)

Synopsis

Authorizing a mortgagor or grantor to refinance the indebtedness secured by a first mortgage or deed of trust without obtaining permission from the holder of a junior lien under specified circumstances; providing that a refinance mortgage meeting the requirements of the Act shall have, on recordation, the same lien priority as the mortgage or deed of trust it replaces; requiring a specified statement to be included on a refinance mortgage; etc.

Committees

Original:: Environmental Matters Click to view Recorded Media

Opposite:: Judicial Proceedings

Details

Cross-filed with: SB0199

Bill File Type: Regular

Effective Date(s): October 1, 2013

History

Legislation History
Chamber House Calendar Date 1/11/2013 Legislative Date 1/14/2013 Action First Reading Environmental Matters Proceedings
Chamber House Calendar Date 1/23/2013 Legislative Date 1/23/2013 Action Hearing 2/07 at 1:00 p.m. Proceedings
Chamber House Calendar Date 2/15/2013 Legislative Date 2/18/2013 Action Favorable with Amendments Report by Environmental Matters Proceedings
Chamber House Calendar Date 2/19/2013 Legislative Date 2/19/2013 Action Favorable with Amendments {210217/1 Report Adopted Proceedings 30
Chamber House Calendar Date 2/19/2013 Legislative Date 2/19/2013 Action Second Reading Passed with Amendments Proceedings 30
Chamber House Calendar Date 2/21/2013 Legislative Date 2/21/2013 Action Third Reading Passed (134-0) Proceedings 32
Chamber Senate Calendar Date 2/22/2013 Legislative Date 2/22/2013 Action First Reading Judicial Proceedings Proceedings 31
Chamber Senate Calendar Date 3/29/2013 Legislative Date 4/01/2013 Action Favorable with Amendments Report by Judicial Proceedings Proceedings
Chamber Senate Calendar Date 4/02/2013 Legislative Date 3/28/2013 Action Favorable with Amendments {668173/1 Report Adopted Proceedings 59
Chamber Senate Calendar Date 4/02/2013 Legislative Date 3/28/2013 Action Second Reading Passed with Amendments Proceedings 59
Chamber Senate Calendar Date 4/03/2013 Legislative Date 3/29/2013 Action Third Reading Passed with Amendments (47-0) Proceedings 60
Chamber House Calendar Date 4/04/2013 Legislative Date 3/30/2013 Action House Concur - Senate Amendments Proceedings 63
Chamber House Calendar Date 4/04/2013 Legislative Date 3/30/2013 Action Third Reading Passed (137-0) Proceedings 63
Chamber House Calendar Date 4/04/2013 Legislative Date 3/30/2013 Action Passed Enrolled Proceedings 63
Chamber Post Passage Calendar Date 5/16/2013 Legislative Date 5/16/2013 Action Vetoed by the Governor (Duplicative) Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	1/11/2013	1/14/2013	First Reading Environmental Matters
House	1/23/2013	1/23/2013	Hearing 2/07 at 1:00 p.m.
House	2/15/2013	2/18/2013	Favorable with Amendments Report by Environmental Matters
House	2/19/2013	2/19/2013	Favorable with Amendments {210217/1 Report Adopted	30
House	2/19/2013	2/19/2013	Second Reading Passed with Amendments	30
House	2/21/2013	2/21/2013	Third Reading Passed (134-0)	32
Senate	2/22/2013	2/22/2013	First Reading Judicial Proceedings	31
Senate	3/29/2013	4/01/2013	Favorable with Amendments Report by Judicial Proceedings
Senate	4/02/2013	3/28/2013	Favorable with Amendments {668173/1 Report Adopted	59
Senate	4/02/2013	3/28/2013	Second Reading Passed with Amendments	59
Senate	4/03/2013	3/29/2013	Third Reading Passed with Amendments (47-0)	60
House	4/04/2013	3/30/2013	House Concur - Senate Amendments	63
House	4/04/2013	3/30/2013	Third Reading Passed (137-0)	63
House	4/04/2013	3/30/2013	Passed Enrolled	63
Post Passage	5/16/2013	5/16/2013	Vetoed by the Governor (Duplicative)

Documents

Date Posted	Document Name
4/02/2013	Amendments Senate - (Judicial Proceedings) {668173/01 Adopted
2/19/2013	Amendments House - (Environmental Matters) {210217/01 Adopted
1/15/2013	Text - First - Real Property - Refinance Mortgage - Priority over Junior Liens
2/19/2013	Text - Third - Real Property - Refinance Mortgage - Priority over Junior Liens
4/05/2013	Text - Enrolled - Real Property - Refinance Mortgage - Priority over Junior Liens
6/05/2013	Governor's Veto Letter
2/15/2013	Vote - House - Committee - Environmental Matters
3/29/2013	Vote - Senate - Committee - Judicial Proceedings
2/21/2013	Vote - House Floor - Third Reading Passed (134-0) - 02/21/13
3/30/2013	Vote - House Floor - Third Reading Passed (137-0) - 03/30/13
3/29/2013	Vote - Senate Floor - Third Reading Passed (47-0) - 03/29/13

File Code

Subjects

Statutes