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SB 546

Virginia - Session 2026

Senate failed 2026-03-10
Housing
Bill Details

Title: Mortgages; annual notice of potential assumption required, delayed effective date.

Summary

Mortgages; annual notice of potential assumption required. Requires a mortgage lender to send an annual notice to the owner of residential real estate that is encumbered by a mortgage that such mortgage may be assumable under certain federally backed loans or conventional loans. This bill is a recommendation of the Virginia Housing Commission.

Sponsor
Sturtevant
Official Source Back to Bills
Actions Timeline
Date Event Detail
0000-00-00 Status failed
2026-01-14 Introduced Bill introduced
2026-03-10 Latest Action H Left in Labor and Commerce
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