Fabio
88 lines
4.5 KiB
Markdown
88 lines
4.5 KiB
Markdown
---
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type: "Bill"
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title: "Real estate brokers; escrow funds."
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description: "Department of Professional and OccupationalRegulation; real estate brokers; escrow funds. Provides thatin the event of foreclosure of real property, all rent moneys, regardlessof when received, shall be deposited in an escrow account by theend of the fifth business banking day following receipt, unless otherwiseagreed to in writing by the principals to a lease transaction."
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jurisdiction: "us/states/va"
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legislature: "Virginia General Assembly"
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session: "2020"
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identifier: "SB 653"
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citation: "Virginia SB 653 (2020)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: ["Jennifer B. Boysko"]
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version_count: 3
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action_count: 24
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vote_count: 6
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first_action: "2020-01-07"
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last_action: "2020-04-09"
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source: "openstates"
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source_identifier: "ocd-bill/63e36c5c-1a7a-42d2-8f38-246d98a2571d"
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source_url: "https://lis.virginia.gov/cgi-bin/legp604.exe?201+sum+SB653"
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source_hash: "405bb53c2e5a850a3c2c7caa3f7582ce4b34e2676899ba918b0b08c50c8c27a1"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-va"]
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---
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# Virginia SB 653 (2020) — Real estate brokers; escrow funds.
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Department of Professional and OccupationalRegulation; real estate brokers; escrow funds. Provides thatin the event of foreclosure of real property, all rent moneys, regardlessof when received, shall be deposited in an escrow account by theend of the fifth business banking day following receipt, unless otherwiseagreed to in writing by the principals to a lease transaction.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Acts of Assembly Chapter text (CHAP1014)** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+CHAP1014)
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2. **Bill text as passed Senate and House (SB653ER)** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+SB653ER)
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3. **Impact statement from DPB (SB653)** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+SB653)
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## Votes
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- Subcommittee recommends reporting (6-Y 0-N) — **6–0** (pass) · lower
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- VOTE: Block Vote Passage (100-Y 0-N) — **99–0** (pass) · lower
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- Constitutional reading dispensed (39-Y 0-N) — **39–0** (pass) · upper
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- Reported from General Laws and Technology (13-Y 0-N) — **13–0** (pass) · upper
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- Reported from General Laws (21-Y 0-N) — **21–0** (pass) · lower
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- Read third time and passed Senate (40-Y 0-N) — **40–0** (pass) · upper
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## Sponsors
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- Jennifer B. Boysko — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2020-01-07** Prefiled and ordered printed; offered 01/08/20 20102093D `introduction`
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- **2020-01-07** Referred to Committee on General Laws and Technology `referral-committee`
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- **2020-01-17** Impact statement from DPB (SB653)
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- **2020-01-22** Reported from General Laws and Technology (13-Y 0-N) `committee-passage`
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- **2020-01-24** Constitutional reading dispensed (39-Y 0-N)
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- **2020-01-27** Read second time and engrossed `reading-2`
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- **2020-01-28** Read third time and passed Senate (40-Y 0-N) `passage, reading-3`
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- **2020-02-13** Placed on Calendar
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- **2020-02-13** Read first time `reading-1`
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- **2020-02-13** Referred to Committee on General Laws `referral-committee`
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- **2020-02-14** Assigned GL sub: Housing/Consumer Protection `referral-committee`
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- **2020-02-18** Subcommittee recommends reporting (6-Y 0-N)
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- **2020-02-20** Reported from General Laws (21-Y 0-N) `committee-passage`
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- **2020-02-24** Read second time `reading-2`
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- **2020-02-25** Read third time `reading-3`
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- **2020-02-25** Passed House BLOCK VOTE (100-Y 0-N) `passage`
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- **2020-02-25** VOTE: Block Vote Passage (100-Y 0-N)
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- **2020-03-02** Enrolled
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- **2020-03-02** Impact statement from DPB (SB653ER)
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- **2020-03-02** Signed by Speaker
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- **2020-03-03** Signed by President
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- **2020-03-12** Enrolled Bill Communicated to Governor on March 12, 2020
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- **2020-03-12** Governor's Action Deadline 11:59 p.m., April 11, 2020
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- **2020-04-09** Approved by Governor-Chapter 1014 (effective 7/1/20) `executive-signature`
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/63e36c5c-1a7a-42d2-8f38-246d98a2571d`. Confidence: reported (aggregated from official Virginia legislature records).
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