Jay Leftwich
- Republican
- Delegate
- District 90
Primary
Deeds of trust; fiduciary duties. Specifies that a trustee under a deed of trust has only the duties, rights, and obligations imposed and conferred on it by the deed of trust or by statute. The bill further requires that a trustee shall comply with all restrictive covenants regarding the affordability of the property and that a trustee under a deed of trust is a fiduciary for both the debtor and the creditor. This bill is in response to Crosby v. ALG Trustee, LLC, 296 Va. 561 (2018).
Deeds of trust; fiduciary duties. Specifiesthat a trustee under a deed of trust has only the duties, rights,and obligations imposed and conferred on it by the deed of trustor by statute. This bill is in response to Crosby v. ALG Trustee,LLC, 296 Va. 561 (2018).
Passed by indefinitely in Judiciary (13-Y 2-N)
Committee substitute printed to LIS only 20108839D-S1
Referred to Committee on the Judiciary
Constitutional reading dispensed
Read third time and passed House (79-Y 20-N)
VOTE: Passage (79-Y 20-N)
Committee substitute agreed to 20106945D-H1
Read second time
Engrossed by House - committee substitute HB1391H1
Read first time
Reported from Courts of Justice with substitute (17-Y 5-N)
Committee substitute printed 20106945D-H1
Subcommittee recommends reporting with substitute (7-Y 1-N)
House committee, floor amendments and substitutes offered
Referred to Committee for Courts of Justice
Prefiled and ordered printed; offered 01/08/20 20102582D
| Bill Text Versions | Format |
|---|---|
| Engrossed by House - committee substitute HB1391H1 | HTML |
| Engrossed by House - committee substitute HB1391H1 | HTML |
| HB1391S1 | HTML |
| Document | Format |
|---|---|
| No related documents. |
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