Department of Professional and Occupational Regulation; real estate brokers; escrow funds. Provides that in the event of foreclosure of real property, all rent moneys, regardless of when received, shall be deposited in an escrow account by the end of the fifth business banking day following receipt, unless otherwise agreed to in writing by the principals to a lease transaction.
SB653
Real estate brokers; escrow funds.
Department of Professional and Occupational Regulation; real estate brokers; escrow funds. Provides that in the event of foreclosure of real property, all rent moneys, regardless of when received, shall be deposited in an escrow account by the end of the fifth business banking day following receipt, unless otherwise agreed to in writing by the principals to a lease transaction.
Session:
2020 Regular Session
Note: To view the PDF Bill - Click on the "Click here for Bill Details (PDF)" below.
Status
Became Law
Bill Text
| Date | Bill Type | Click here for Bill Details (PDF) |
|---|---|---|
| 2020-04-09 | https://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+CHAP1014+hil | |
| 2020-03-02 | https://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+SB653ER+hil | |
| 2020-01-07 | https://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+SB653+hil |
Votes
| Date | Action | Vote | Document |
|---|---|---|---|
| 2020-01-22 | Senate: Reported from General Laws and Technology (13-Y 0-N) | Yea: 13 No: 0 Other: 0 | Document |
| 2020-01-24 | Senate: Constitutional reading dispensed (39-Y 0-N) | Yea: 39 No: 0 Other: 0 | Document |
| 2020-01-28 | Senate: Read third time and passed Senate (40-Y 0-N) | Yea: 40 No: 0 Other: 0 | Document |
| 2020-02-18 | House: Subcommittee recommends reporting (6-Y 0-N) | Yea: 6 No: 0 Other: 0 | Document |
| 2020-02-20 | House: Reported from General Laws (21-Y 0-N) | Yea: 21 No: 0 Other: 0 | Document |
| 2020-02-25 | House: VOTE: Block Vote Passage (100-Y 0-N) | Yea: 100 No: 0 Other: 0 | Document |
Amendments
no data available at this time.
Bill History
| Date | Action |
|---|---|
| 2020-04-09 | Governor: Acts of Assembly Chapter text (CHAP1014) |
| 2020-04-09 | Governor: Approved by Governor-Chapter 1014 (effective 7/1/20) |
| 2020-03-12 | Governor: Governor's Action Deadline 11:59 p.m., April 11, 2020 |
| 2020-03-12 | Enrolled Bill Communicated to Governor on March 12, 2020 |
| 2020-03-03 | Signed by President |
| 2020-03-02 | Signed by Speaker |
| 2020-03-02 | Bill text as passed Senate and House (SB653ER) |
| 2020-03-02 | Enrolled |
| 2020-02-25 | VOTE: Block Vote Passage (100-Y 0-N) |
| 2020-02-25 | Passed House BLOCK VOTE (100-Y 0-N) |
| 2020-02-25 | Read third time |
| 2020-02-24 | Read second time |
| 2020-02-20 | Reported from General Laws (21-Y 0-N) |
| 2020-02-18 | Subcommittee recommends reporting (6-Y 0-N) |
| 2020-02-14 | Assigned GL sub: Housing/Consumer Protection |
| 2020-02-13 | Referred to Committee on General Laws |
| 2020-02-13 | Read first time |
| 2020-02-13 | Placed on Calendar |
| 2020-01-28 | Read third time and passed Senate (40-Y 0-N) |
| 2020-01-27 | Read second time and engrossed |
| 2020-01-24 | Constitutional reading dispensed (39-Y 0-N) |
| 2020-01-22 | Reported from General Laws and Technology (13-Y 0-N) |
| 2020-01-07 | Referred to Committee on General Laws and Technology |
| 2020-01-07 | Prefiled and ordered printed; offered 01/08/20 20102093D |
Sponsors
| Name | District |
|---|---|
| Jennifer Boysko | SD-033 |