A. Benton "Ben" Chafin
- Republican
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).
Left in Courts of Justice
Continued to 2021 in Courts of Justice
Subcommittee recommends continuing to 2021
Assigned Courts sub: Civil
Placed on Calendar
Referred to Committee for Courts of Justice
Read first time
Reconsideration of passage agreed to by Senate (40-Y 0-N)
Passed Senate (27-Y 12-N)
Read third time and passed Senate (26-Y 13-N)
Read second time
Engrossed by Senate - committee substitute SB253S1
Amendments by Senator Petersen rejected (18-Y 21-N)
Reading of amendments waived
Passed by for the day
Amendments by Senator Petersen reconsidered (40-Y 0-N)
Passed by for the day
Read second time
Passed by for the day
Chair votes Yea
Amendments by Senator Petersen agreed to (20-Y 20-N)
Reading of amendments waived
Committee substitute agreed to 20106654D-S1
Reading of substitute waived
Passed by for the day
Passed by for the day
Constitutional reading dispensed (37-Y 0-N)
Committee substitute printed 20106654D-S1
Reported from Judiciary with substitute (8-Y 5-N 1-A)
Assigned Judiciary sub: Civil Law
Moved from Courts of Justice to Judiciary due to a change of the committee name
Prefiled and ordered printed; offered 01/08/20 20102906D
Referred to Committee on the Judiciary
Bill Text Versions | Format |
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Prefiled and ordered printed; offered 01/08/20 20102906D | HTML |
Committee substitute printed 20106654D-S1 | HTML |
Document | Format |
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Amendment: SB253ASR | HTML |
Amendment: SB253AS | HTML |
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