Virginia House Bill 1630 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on March 13 2013 - 100% progression
Action: 2013-03-13 - Governor: Acts of Assembly Chapter text (CHAP0259)
Text: Latest bill text (Chaptered) [HTML]

Virginia Real Estate Time-Share Act; developer control in time-share estate program; control liens; foreclosure procedure. Provides that in addition to the current developer control termination provisions and to the extent that the purchase contract or time-share instrument does not expressly provide otherwise, the developer control period shall terminate when the developer is no longer the beneficiary on deeds of trust secured on at least 20 percent of the time-share estates. Under current law, the transfer must occur when the developer has (i) transferred to purchasers legal or equitable ownership of at least 90 percent of the time-share estates or (ii) completed all of the promised common elements and facilities comprising the time-share estate project, whichever occurs last. Under the bill, the commissioner of accounts to whom an account of sale is returned in connection with the foreclosure shall be entitled to a fee, not to exceed (a) $70, on each foreclosure of a lien on a time-share estate for unpaid past due regular and special assessments and (b) $125 per foreclosure of a purchase money deed of trust taken back by the developer. The bill includes a second enactment clause stating the intent of the General Assembly that the provisions of the bill relating to the developer control period shall apply retroactively to all registered time-share projects to the extent that the purchase contract or time-share instrument does not expressly provide otherwise. The bill is a recommendation of the Virginia Housing Commission.

Virginia Real Estate Time-Share Act; developer control in time-share estate program, etc.

Sen. John Cosgrove [R]

2013-02-21 - House - House: VOTE: ADOPTION (95-Y 1-N) (Y: 97 N: 1 NV: 4 Abs: 0) [PASS]
2013-02-19 - Senate - Senate: Passed Senate with amendment (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2013-02-18 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2013-02-15 - Senate - Senate: Reported from Courts of Justice with amendment (13-Y 0-N) (Y: 13 N: 0 NV: 0 Abs: 0) [PASS]
2013-02-11 - Senate - Senate: Reported from General Laws and Technology (14-Y 0-N) (Y: 14 N: 0 NV: 0 Abs: 0) [PASS]
2013-01-30 - House - House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (Y: 101 N: 0 NV: 1 Abs: 0) [PASS]
2013-01-24 - House - House: Reported from General Laws with amendment (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]
2013-01-23 - House - House: Subcommittee recommends reporting with amendment(s) (7-Y 0-N) (Y: 7 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2013-03-13		Governor: Acts of Assembly Chapter text (CHAP0259)
2013-03-13		Governor: Approved by Governor-Chapter 259 (effective 7/1/13)
2013-02-23	Senate	Signed by President
2013-02-23	House	Signed by Speaker
2013-02-23	House	Bill text as passed House and Senate (HB1630ER)
2013-02-23	House	Enrolled
2013-02-21	House	VOTE: ADOPTION (95-Y 1-N)
2013-02-21	House	Senate amendment agreed to by House (95-Y 1-N)
2013-02-19	House	Placed on Calendar
2013-02-19	Senate	Passed Senate with amendment (40-Y 0-N)
2013-02-19	Senate	Engrossed by Senate as amended
2013-02-19	Senate	Committee amendment agreed to
2013-02-19	Senate	Reading of amendment waived
2013-02-19	Senate	Read third time
2013-02-18	Senate	Constitutional reading dispensed (40-Y 0-N)
2013-02-15	Senate	Reported from Courts of Justice with amendment (13-Y 0-N)
2013-02-11	Senate	Rereferred to Courts of Justice
2013-02-11	Senate	Reported from General Laws and Technology (14-Y 0-N)
2013-01-31	Senate	Referred to Committee on General Laws and Technology
2013-01-31	Senate	Constitutional reading dispensed
2013-01-30	House	VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
2013-01-30	House	Read third time and passed House BLOCK VOTE (99-Y 0-N)
2013-01-29	House	Printed as engrossed 13100747D-E
2013-01-29	House	Engrossed by House as amended HB1630E
2013-01-29	House	Committee amendment agreed to
2013-01-29	House	Read second time
2013-01-28	House	Read first time
2013-01-24	House	Reported from General Laws with amendment (22-Y 0-N)
2013-01-23	House	Subcommittee recommends reporting with amendment(s) (7-Y 0-N)
2013-01-14	House	Assigned GL sub: #1 Housing
2013-01-14	House	Referred to Committee on General Laws
2013-01-14	House	Referred from Courts of Justice by voice vote
2013-01-07	House	Referred to Committee for Courts of Justice
2013-01-07	House	Prefiled and ordered printed; offered 01/09/13 13100747D

SB772 (Same As) 2013-03-13 - Governor: Acts of Assembly Chapter text (CHAP0327)

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?131+sum+HB1630
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?131+ful+HB1630+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?131+ful+HB1630E+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?131+ful+HB1630ER+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?131+ful+CHAP0259+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?131+vot+H1101V0011+HB1630
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?131+vot+H11V0072+HB1630
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?131+vot+HV0373+HB1630
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?131+vot+S12V0108+HB1630
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?131+vot+S03V0274+HB1630
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?131+vot+SV0648HB1630+HB1630
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?131+vot+SV0685HB1630+HB1630
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?131+vot+HV1204+HB1630