Fabio
85 lines
4.9 KiB
Markdown
85 lines
4.9 KiB
Markdown
---
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type: "Bill"
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title: "Mortgage brokers; dual compensation."
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description: "Mortgage brokers; dual compensation. Removes provisions prohibiting a person from acting as a mortgage broker in connection with any real estate sales transaction in which such person has acted as a real estate broker or real estate salesperson and has received or will receive compensation in connection with such transaction. The bill provides that if a mortgage broker negotiates, places, or finds a mortgage loan and acts as a real estate broker or real estate salesperson in connection with the sale of the real estate that secures such loan, the mortgage broker is required to conspicuously provide to the borrower a written disclosure at the time the mortgage broker services are first offered to the borrower. This bill is identical to HB 1153."
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jurisdiction: "us/states/va"
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legislature: "Virginia General Assembly"
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session: "2022"
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identifier: "SB 303"
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citation: "Virginia SB 303 (2022)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: ["R. Creigh Deeds"]
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version_count: 3
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action_count: 22
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vote_count: 5
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first_action: "2022-01-11"
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last_action: "2022-04-11"
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source: "openstates"
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source_identifier: "ocd-bill/9672d891-64d1-42a6-9f79-1fb85c2d23a3"
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source_url: "https://lis.virginia.gov/cgi-bin/legp604.exe?221+sum+SB303"
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source_hash: "c9ce18f8bec563d7459af21f81a36951cef5aba54d2954ee012aa79cd468242c"
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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 303 (2022) — Mortgage brokers; dual compensation.
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Mortgage brokers; dual compensation. Removes provisions prohibiting a person from acting as a mortgage broker in connection with any real estate sales transaction in which such person has acted as a real estate broker or real estate salesperson and has received or will receive compensation in connection with such transaction. The bill provides that if a mortgage broker negotiates, places, or finds a mortgage loan and acts as a real estate broker or real estate salesperson in connection with the sale of the real estate that secures such loan, the mortgage broker is required to conspicuously provide to the borrower a written disclosure at the time the mortgage broker services are first offered to the borrower. This bill is identical to HB 1153.
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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. **CHAP0401** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+CHAP0401)
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2. **Prefiled and ordered printed; offered 01/12/22 22101215D** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+SB303)
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3. **SB303ER** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+SB303ER)
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## Votes
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- Read third time and passed Senate (37-Y 0-N) — **37–0** (pass) · upper
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- Constitutional reading dispensed (40-Y 0-N) — **40–0** (pass) · upper
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- Reported from Commerce and Labor (15-Y 0-N) — **15–0** (pass) · upper
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- VOTE: Block Vote Passage (99-Y 0-N) — **98–0** (pass) · lower
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- Reported from Commerce and Energy (22-Y 0-N) — **22–0** (pass) · lower
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## Sponsors
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- R. Creigh Deeds — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2022-01-11** Prefiled and ordered printed; offered 01/12/22 22101215D `introduction`
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- **2022-01-11** Referred to Committee on Commerce and Labor `referral-committee`
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- **2022-01-17** Impact statement from SCC (SB303)
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- **2022-01-17** Reported from Commerce and Labor (15-Y 0-N) `committee-passage`
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- **2022-01-19** Constitutional reading dispensed (40-Y 0-N)
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- **2022-01-20** Read second time and engrossed `reading-2`
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- **2022-01-21** Read third time and passed Senate (37-Y 0-N) `passage, reading-3`
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- **2022-02-21** Placed on Calendar
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- **2022-02-21** Read first time `reading-1`
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- **2022-02-21** Referred to Committee on Commerce and Energy `referral-committee`
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- **2022-02-22** Reported from Commerce and Energy (22-Y 0-N) `committee-passage`
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- **2022-02-24** Read second time `reading-2`
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- **2022-02-25** Read third time `reading-3`
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- **2022-02-25** Passed House BLOCK VOTE (99-Y 0-N) `passage`
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- **2022-02-25** VOTE: Block Vote Passage (99-Y 0-N)
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- **2022-03-01** Enrolled
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- **2022-03-01** Impact statement from SCC (SB303ER)
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- **2022-03-01** Signed by Speaker
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- **2022-03-02** Signed by President
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- **2022-03-11** Enrolled Bill Communicated to Governor on March 11, 2022
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- **2022-03-11** Governor's Action Deadline 11:59 p.m., April 11, 2022
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- **2022-04-11** Approved by Governor-Chapter 401 (effective 7/1/22) `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/9672d891-64d1-42a6-9f79-1fb85c2d23a3`. Confidence: reported (aggregated from official Virginia legislature records).
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