HB 1241 Virginia House of Delegates · 2024 Regular Session

Virginia Real Estate Time-Share Act; partial termination of certain time-shares.

Summary

Virginia Real Estate Time-Share Act; partial termination of certain time-shares. Allows for the partial termination of a time-share project by a developer or an association and provides the procedures for any such partial termination. The bill also sets a one-year statute of limitations on any legal challenge or action for damages or equitable relief arising out of any termination of a time-share project in accordance with the provisions of the Virginia Real Estate Time-Share Act. The bill's provisions are declared to be effective retroactive in accordance with certain provisions of the Virginia Real Estate Time-Share Act. This bill is identical to SB 600.

Bill status signed all 5 stages cleared

Introduction

Jan 2024

Committee Review

Feb 2024

House of Delegates Passage

Mar 2024

Senate Passage

Feb 2024

Signed into Law

Apr 2024

Introduced Jan 10, 2024 Signed Apr 5, 2024

Floor votes · Senate Feb 26, 2024 · House of Delegates Feb 12, 2024

How they voted

40–0

Passed

Total votes 40

Feb 26, 2024

D Democratic21

21 Yea

100% Yea

R Republican19

19 Yea

100% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Apr 5, 2024

Signed into law

Approved by Governor-Chapter 546 (effective - see bill)

executive

Mar 5, 2024

Lower · Passed

Bill text as passed House and Senate (HB1241ER)

lower

Feb 28, 2024

Lower · Passed

Senate amendment agreed to by House (96-Y 2-N)

lower

Feb 26, 2024

Upper · Passed

Passed Senate with amendment (40-Y 0-N)

upper

Feb 26, 2024

Introduced

Engrossed by Senate as amended

upper

Feb 26, 2024

Upper · Passed

Committee amendment agreed to

upper

Feb 26, 2024

Introduced

Reading of amendment waived

upper

Feb 21, 2024

Upper · Passed

Reported from General Laws and Technology with amendment (15-Y 0-N)

upper

Feb 21, 2024

Upper · Passed

Senate committee, floor amendments and substitutes offered

upper

Feb 13, 2024

Committee

Referred to Committee on General Laws and Technology

upper

Feb 12, 2024

Lower · Passed

VOTE: Block Vote Passage (100-Y 0-N)

lower

Feb 12, 2024

Lower · Passed

Read third time and passed House BLOCK VOTE (100-Y 0-N)

lower

Feb 9, 2024

Introduced

Engrossed by House as amended HB1241E

lower

Feb 9, 2024

Lower · Passed

Committee amendments agreed to

lower

Feb 6, 2024

Lower · Passed

Reported from General Laws with amendment(s) (20-Y 0-N)

lower

Feb 1, 2024

Lower · Passed

Subcommittee recommends reporting with amendments (8-Y 0-N)

lower

Feb 1, 2024

Lower · Passed

House subcommittee amendments and substitutes offered

lower

Jan 26, 2024

Committee

Assigned GL sub: Housing/Consumer Protection

lower

Jan 10, 2024

Committee

Referred to Committee on General Laws

lower

1 primary · 1 co-sponsor