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SB422

Foreclosure; notice of sale when owner is deceased.

Status:
Enacted

Chief Patron:
Ben Chafin (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 HB 755. (Less)

  • Bill History

  • 01/09/2018 - Senate: Prefiled and ordered printed; offered 01/10/18 18102237D
  • 01/09/2018 - Senate: Referred to Committee for Courts of Justice
  • 01/29/2018 - Senate: Reported from Courts of Justice with substitute (15-Y 0-N)
  • 01/29/2018 - Senate: Committee substitute printed 18106004D-S1
  • 01/30/2018 - Senate: Constitutional reading dispensed (38-Y 0-N)
  • 01/31/2018 - Senate: Read second time
  • 01/31/2018 - Senate: Reading of substitute waived
  • 01/31/2018 - Senate: Committee substitute agreed to 18106004D-S1
  • 01/31/2018 - Senate: Engrossed by Senate - committee substitute SB422S1
  • 02/01/2018 - Senate: Read third time and passed Senate (40-Y 0-N)
  • 02/05/2018 - House: Placed on Calendar
  • 02/05/2018 - House: Read first time
  • 02/05/2018 - 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 (SB422ER)
  • 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
  • 03/05/2018 - Governor: Approved by Governor-Chapter 204 (effective 7/1/18)
  • 03/05/2018 - Governor: Acts of Assembly Chapter text (CHAP0204)

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com

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