Fabio
5.8 KiB
type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags
| type | title | description | jurisdiction | legislature | session | identifier | citation | classification | subjects | status | primary_sponsors | version_count | action_count | vote_count | first_action | last_action | source | source_identifier | source_url | source_hash | vintage | source_snapshot | retrieved_at | confidence | tags | |||||
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| Bill | Real estate brokers; protection of real estate escrow funds. | Department of Professional and Occupational Regulation; real estate brokers; protection of real estate escrow funds. Clarifies that, upon the ratification of a contract, an earnest money deposit received by the principal broker or supervising broker, or an agent of such principal broker or supervising broker, that will be held in the firm's escrow account shall be placed in such account by the end of the fifth business banking day following ratification, unless otherwise agreed to in writing by the principals to the transaction. The bill provides that if an earnest money deposit received by the principal broker or supervising broker, or an agent of such principal broker or supervising broker, will not be held in the firm's escrow account, the principal broker or supervising broker shall ensure that the earnest money deposit is delivered to the escrow agent named in the contract by the end of the fifth business banking day following receipt of the deposit, unless otherwise agreed to in writing by the principals to the transaction. | us/states/va | Virginia General Assembly | 2022 | SB 533 | Virginia SB 533 (2022) |
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enacted |
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3 | 24 | 6 | 2022-01-12 | 2022-04-11 | openstates | ocd-bill/50b732e0-c640-4c1f-9093-556b1a0b909d | https://lis.virginia.gov/cgi-bin/legp604.exe?221+sum+SB533 | bed1545cfbd9e625054fb742e97609a63291fc2063134e38ed3e67e0cfeb08c3 | 2026-07-01 | https://data.openstates.org/daily/2026-07-01/public.pgdump | 2026-07-06 | reported |
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Virginia SB 533 (2022) — Real estate brokers; protection of real estate escrow funds.
Department of Professional and Occupational Regulation; real estate brokers; protection of real estate escrow funds. Clarifies that, upon the ratification of a contract, an earnest money deposit received by the principal broker or supervising broker, or an agent of such principal broker or supervising broker, that will be held in the firm's escrow account shall be placed in such account by the end of the fifth business banking day following ratification, unless otherwise agreed to in writing by the principals to the transaction. The bill provides that if an earnest money deposit received by the principal broker or supervising broker, or an agent of such principal broker or supervising broker, will not be held in the firm's escrow account, the principal broker or supervising broker shall ensure that the earnest money deposit is delivered to the escrow agent named in the contract by the end of the fifth business banking day following receipt of the deposit, unless otherwise agreed to in writing by the principals to the transaction.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
- CHAP0380 (committee substitute) — source
- Prefiled and ordered printed; offered 01/12/22 22104098D (committee substitute) — source
- SB533ER (committee substitute) — source
Votes
- VOTE: Block Vote Passage (99-Y 0-N) — 98–0 (pass) · lower
- Subcommittee recommends reporting (8-Y 0-N) — 8–0 (pass) · lower
- Read third time and passed Senate (40-Y 0-N) — 40–0 (pass) · upper
- Reported from General Laws (22-Y 0-N) — 22–0 (pass) · lower
- Constitutional reading dispensed (37-Y 0-N) — 37–0 (pass) · upper
- Reported from General Laws and Technology (15-Y 0-N) — 15–0 (pass) · upper
Sponsors
- Lynwood W. Lewis, Jr. — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
- 2022-01-12 Prefiled and ordered printed; offered 01/12/22 22104098D
introduction - 2022-01-12 Referred to Committee on General Laws and Technology
referral-committee - 2022-01-19 Reported from General Laws and Technology (15-Y 0-N)
committee-passage - 2022-01-20 Impact statement from DPB (SB533)
- 2022-01-21 Constitutional reading dispensed (37-Y 0-N)
- 2022-01-24 Read second time and engrossed
reading-2 - 2022-01-25 Read third time and passed Senate (40-Y 0-N)
passage, reading-3 - 2022-02-22 Placed on Calendar
- 2022-02-22 Read first time
reading-1 - 2022-02-22 Referred to Committee on General Laws
referral-committee - 2022-02-23 Assigned GL sub: Subcommittee #1
referral-committee - 2022-02-24 Subcommittee recommends reporting (8-Y 0-N)
- 2022-03-01 Reported from General Laws (22-Y 0-N)
committee-passage - 2022-03-03 Read second time
reading-2 - 2022-03-04 Read third time
reading-3 - 2022-03-04 Passed House BLOCK VOTE (99-Y 0-N)
passage - 2022-03-04 VOTE: Block Vote Passage (99-Y 0-N)
- 2022-03-09 Enrolled
- 2022-03-09 Signed by Speaker
- 2022-03-10 Signed by President
- 2022-03-15 Impact statement from DPB (SB533ER)
- 2022-03-22 Enrolled Bill Communicated to Governor on March 22, 2022
- 2022-03-22 Governor's Action Deadline 11:59 p.m., April 11, 2022
- 2022-04-11 Approved by Governor-Chapter 380 (effective 7/1/22)
executive-signature
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/50b732e0-c640-4c1f-9093-556b1a0b909d. Confidence: reported (aggregated from official Virginia legislature records).