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HB755

Foreclosure; notice of sale when owner is deceased.

Status:
Enacted

Chief Patron:
Jay Leftwich (R)

Session:
2018 Regular Session

Summary

As Passed House of Origin. Foreclosure; notice of sale when owner is deceased.

Provides that when the owner of a property to be sold by a trustee pursuant to a deed of trust is deceased, the notice of the sale shall be delivered to the last known address of the deceased owner, any personal representative of the deceased's estate, and any heirs of the deceased as recorded in the land records where the property is located. The bill further provides that the trustee of a deed of trust for property that is sold after the death of the owner shall include (i) any remaining subsequent debts and obligations secured by the deed and (ii) any liens of record inferior to the deed of trust under which the sale is made, with lawful interest, in the list of debts to be paid off using any surplus from the sale prior to paying the remainder of the surplus to the decedent's personal representative. This bill is identical to SB 422. (Less)

  • Bill History

  • 01/09/2018 - House: Prefiled and ordered printed; offered 01/10/18 18102281D
  • 01/09/2018 - House: Referred to Committee for Courts of Justice
  • 01/16/2018 - House: Assigned Courts sub: Subcommittee #2
  • 01/17/2018 - House: Subcommittee recommends reporting with amendments (8-Y 0-N)
  • 01/23/2018 - House: Impact statement from DPB (HB755)
  • 01/26/2018 - House: Subcommittee recommends reporting with substitute (7-Y 0-N)
  • 01/29/2018 - House: Reported from Courts of Justice with substitute (18-Y 0-N)
  • 01/29/2018 - House: Committee substitute printed 18106041D-H1
  • 01/31/2018 - House: Read first time
  • 01/31/2018 - House: Impact statement from DPB (HB755H1)
  • 02/01/2018 - House: Read second time
  • 02/01/2018 - House: Committee substitute agreed to 18106041D-H1
  • 02/01/2018 - House: Engrossed by House - committee substitute HB755H1
  • 02/02/2018 - House: Read third time and passed House BLOCK VOTE (98-Y 0-N)
  • 02/02/2018 - House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N)
  • 02/05/2018 - Senate: Constitutional reading dispensed
  • 02/05/2018 - Senate: Referred to Committee for Courts of Justice
  • 02/12/2018 - Senate: Reported from Courts of Justice (15-Y 0-N)
  • 02/13/2018 - Senate: Constitutional reading dispensed (39-Y 0-N)
  • 02/14/2018 - Senate: Read third time
  • 02/14/2018 - Senate: Passed Senate (40-Y 0-N)
  • 02/16/2018 - House: Enrolled
  • 02/16/2018 - House: Bill text as passed House and Senate (HB755ER)
  • 02/16/2018 - House: Signed by Speaker
  • 02/19/2018 - House: Impact statement from DPB (HB755ER)
  • 02/19/2018 - Senate: Signed by President
  • 02/19/2018 - House: Enrolled Bill communicated to Governor on February 19, 2018
  • 02/19/2018 - Governor: Governor's Action Deadline Midnight, February 26, 2018
  • 02/26/2018 - Governor: Approved by Governor-Chapter 34 (effective 7/1/18)
  • 02/26/2018 - Governor: Acts of Assembly Chapter text (CHAP0034)

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com

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