Virginia House Bill 804 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 8 2008 - 25% progression, died in chamber
Action: 2008-01-29 - House: Passed by in Commerce and Labor with letter by voice vote

Consumer Real Estate Settlement Protection Act; interest on escrow accounts. Allows a settlement agent who is not an attorney to retain a portion of the interest received on funds deposited in connection with any escrow, settlement, or closing if (i) the settlement agent retains an amount not to exceed 10 percent of the interest earned on such deposits and (ii) the remainder of such interest is paid to the Department of Housing and Community Development to be used to support the statewide homeless intervention program administered by the Department.

Consumer Real Estate Settlement Protection Act; interest on escrow accounts.

Del. David Englin [D]

Date	Chamber	Action
2008-01-29		House: Passed by in Commerce and Labor with letter by voice vote
2008-01-28		House: Assigned C & L sub: 1
2008-01-08		House: Referred to Committee on Commerce and Labor
2008-01-08		House: Prefiled and ordered printed; offered 01/09/08 086147500

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?081+sum+HB804