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HB819

Real estate settlements; kickbacks and other payments, remedies, penalties.

Status:
Passed

Latest Action: Feb. 24, 2020
Senate: Read third time

Chief Patron:
Marcus Simon (D)

Session:
2020 Regular Session

Summary

As introduced. Real estate settlements; kickbacks and other payments; remedies; penalties.

Relocates within Title 55.1 the existing provision that prohibits persons from paying or receiving a kickback, rebate, commission, thing of value, or other payment pursuant to an agreement to refer business incident to a settlement from Chapter 9 (Real Estate Settlements) to Chapter 10 (Real Estate Settlement Agents). This relocation authorizes the State Corporation Commission to impose penalties, issue injunctions, and require restitution in cases where a person who does not hold a license from the appropriate licensing authority has violated the provision. The measure also adds to Chapter 10 of Title 55.1 provisions that (i) authorize a court to assess civil penalties of not more than $2,500 per violation of the chapter and (ii) authorize the recovery of costs and reasonable expenses and attorney fees. (Less)
  • Bill History

  • 01/07/2020 - House: Prefiled and ordered printed; offered 01/08/20 20102120D
  • 01/07/2020 - House: Referred to Committee on General Laws
  • 01/16/2020 - House: Referred from General Laws
  • 01/16/2020 - House: Referred to Committee on Labor and Commerce
  • 01/21/2020 - House: Impact statement from SCC (HB819)
  • 02/04/2020 - House: House committee, floor amendments and substitutes offered
  • 02/04/2020 - House: Reported from Labor and Commerce with amendments (16-Y 0-N)
  • 02/05/2020 - House: Read first time
  • 02/06/2020 - House: Read second time
  • 02/06/2020 - House: Committee amendments agreed to
  • 02/06/2020 - House: Engrossed by House as amended HB819E
  • 02/06/2020 - House: Printed as engrossed 20102120D-E
  • 02/07/2020 - House: Read third time and passed House BLOCK VOTE (100-Y 0-N)
  • 02/07/2020 - House: VOTE: Block Vote Passage (100-Y 0-N)
  • 02/10/2020 - House: Impact statement from SCC (HB819E)
  • 02/10/2020 - Senate: Constitutional reading dispensed
  • 02/10/2020 - Senate: Referred to Committee on General Laws and Technology
  • 02/19/2020 - Senate: Reported from General Laws and Technology (13-Y 0-N)
  • 02/21/2020 - Senate: Constitutional reading dispensed (32-Y 0-N)
  • 02/24/2020 - Senate: Read third time
  • 02/24/2020 - Senate: Passed Senate (40-Y 0-N)

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com


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