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SB319

Contractors, general; waiver or diminishment of lien rights, subordination of lien rights.

Status:
Enacted

Chief Patron:
Frank Ruff (R)

Session:
2018 Regular Session

Summary

As Introduced. General contractors; waiver or diminishment of lien rights; subordination of lien rights.

Provides that a general contractor may not waive or diminish his lien rights in a contract in advance of furnishing any labor, services, or materials. The bill further provides that, notwithstanding the prohibition against waiving or diminishing such a lien right, a general contractor may, prior to or after providing any labor, services, or materials, contract to subordinate his lien rights to prior and later recorded deeds of trust, provided that such contract is (i) in writing and (ii) signed by any general contractor whose lien rights are being subordinated pursuant to such contract. This bill is identical to HB 823. (Less)
  • Bill History

  • 01/08/2018 - Senate: Prefiled and ordered printed; offered 01/10/18 18103061D
  • 01/08/2018 - Senate: Referred to Committee on General Laws and Technology
  • 01/15/2018 - Senate: Reported from General Laws and Technology (14-Y 0-N)
  • 01/17/2018 - Senate: Constitutional reading dispensed (40-Y 0-N)
  • 01/18/2018 - Senate: Read second time and engrossed
  • 01/19/2018 - Senate: Read third time and passed Senate (39-Y 0-N)
  • 01/23/2018 - House: Placed on Calendar
  • 01/23/2018 - House: Read first time
  • 01/23/2018 - House: Referred to Committee for Courts of Justice
  • 02/14/2018 - House: Reported from Courts of Justice (17-Y 0-N)
  • 02/16/2018 - House: Read second time
  • 02/19/2018 - House: Read third time
  • 02/19/2018 - House: Passed House BLOCK VOTE (100-Y 0-N)
  • 02/19/2018 - House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
  • 02/21/2018 - Senate: Enrolled
  • 02/21/2018 - Senate: Bill text as passed Senate and House (SB319ER)
  • 02/21/2018 - House: Signed by Speaker
  • 02/23/2018 - Senate: Signed by President
  • 02/26/2018 - Senate: Enrolled Bill Communicated to Governor on February 26, 2018
  • 02/26/2018 - Governor: Governor's Action Deadline Midnight, March 5, 2018
  • 03/02/2018 - Governor: Approved by Governor-Chapter 79 (effective 7/1/18)
  • 03/02/2018 - Governor: Acts of Assembly Chapter text (CHAP0079)

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com


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