republic-os/legislation/us/states/va/2024/hb-648.md

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
Bill	Contracts assigning rights to inheritance funds; legal rate of interest.	Contracts assigning rights to inheritance funds; legal rate of interest. Provides that any contract entered into on or after July 1, 2024, pursuant to which a person receives a cash advance for assigning to a company or other entity a portion of such person's rights to receive inheritance funds from a will in a pending probate matter shall be considered a loan and any additional funds such person is obligated to pay under the terms of the contract shall be considered interest. The bill provides that such contract shall be subject to the legal rate of interest.	us/states/va	Virginia General Assembly	2024	HB 648	Virginia HB 648 (2024)	bill		enacted	Carrie E. Coyner	4	34	7	2024-01-09	2024-04-08	openstates	ocd-bill/ee5f28a7-2763-4a4a-99ac-68d48cec37a1	https://lis.virginia.gov/cgi-bin/legp604.exe?241+sum+HB648	5e0730962d1e7cd934a9f31c90fbe36bb113a5ceffaecb4b8697282b6af9c4cc	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-va

Virginia HB 648 (2024) — Contracts assigning rights to inheritance funds; legal rate of interest.

Contracts assigning rights to inheritance funds; legal rate of interest. Provides that any contract entered into on or after July 1, 2024, pursuant to which a person receives a cash advance for assigning to a company or other entity a portion of such person's rights to receive inheritance funds from a will in a pending probate matter shall be considered a loan and any additional funds such person is obligated to pay under the terms of the contract shall be considered interest. The bill provides that such contract shall be subject to the legal rate of interest.

Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. CHAP0728 (committee substitute) — source
2. HB648ER (committee substitute) — source
3. Prefiled and ordered printed; offered 01/10/24 24104601D (committee substitute) — source
4. Printed as engrossed 24104601D-E (committee substitute) — source

Votes

• VOTE: Block Vote Passage (100-Y 0-N) — 99–0 (pass) · lower
• Reported from Courts of Justice (12-Y 0-N 2-A) — 12–0 (pass) · upper
• Subcommittee recommends reporting with amendments (7-Y 0-N) — 7–0 (pass) · lower
• Constitutional reading dispensed (39-Y 0-N) — 39–0 (pass) · upper
• Reported from Labor and Commerce with amendment(s) (21-Y 0-N) — 21–0 (pass) · lower
• VOTE: Adoption (96-Y 0-N) — 95–0 (pass) · lower
• Passed Senate with amendment (30-Y 10-N) — 30–10 (pass) · upper

Sponsors

• Carrie E. Coyner — primary (person)
• Ian T. Lovejoy — cosponsor (person)

Timeline

The legislative action history — every referral, reading, and vote.

• 2024-01-09 Prefiled and ordered printed; offered 01/10/24 24104601D filing, introduction
• 2024-01-09 Referred to Committee on Labor and Commerce referral-committee
• 2024-01-16 Assigned L & C sub: Subcommittee #1 referral-committee
• 2024-01-20 Impact statement from SCC (HB648)
• 2024-01-23 Subcommittee recommends reporting with amendments (7-Y 0-N)
• 2024-01-25 Reported from Labor and Commerce with amendment(s) (21-Y 0-N) committee-passage
• 2024-01-29 Read first time reading-1
• 2024-01-30 Read second time reading-2
• 2024-01-30 Committee amendment agreed to amendment-passage
• 2024-01-30 Engrossed by House as amended HB648E
• 2024-01-30 Printed as engrossed 24104601D-E
• 2024-01-31 Read third time and passed House BLOCK VOTE (100-Y 0-N) passage, reading-3
• 2024-01-31 VOTE: Block Vote Passage (100-Y 0-N) passage
• 2024-02-01 Constitutional reading dispensed
• 2024-02-01 Referred to Committee for Courts of Justice referral-committee
• 2024-02-16 Impact statement from SCC (HB648E)
• 2024-02-19 Reported from Courts of Justice (12-Y 0-N 2-A) committee-passage
• 2024-02-20 Constitutional reading dispensed (39-Y 0-N)
• 2024-02-21 Read third time reading-3
• 2024-02-21 Reading of amendment waived
• 2024-02-21 Amendment by Senator Surovell agreed to amendment-passage
• 2024-02-21 Engrossed by Senate as amended
• 2024-02-21 Passed Senate with amendment (30-Y 10-N) passage
• 2024-02-23 Senate amendment agreed to by House (96-Y 0-N) amendment-passage
• 2024-02-23 VOTE: Adoption (96-Y 0-N)
• 2024-02-28 Enrolled enrolled
• 2024-02-28 Bill text as passed House and Senate (HB648ER) passage
• 2024-02-28 Signed by Speaker passage
• 2024-03-02 Signed by President passage
• 2024-03-05 Impact statement from SCC (HB648ER)
• 2024-03-11 Enrolled Bill communicated to Governor on March 11, 2024 enrolled, executive-receipt
• 2024-03-11 Governor's Action Deadline 11:59 p.m., April 8, 2024 executive-receipt
• 2024-04-08 Approved by Governor-Chapter 728 (effective 7/1/24) executive-signature
• 2024-04-08 Acts of Assembly Chapter text (CHAP0728)

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/ee5f28a7-2763-4a4a-99ac-68d48cec37a1. Confidence: reported (aggregated from official Virginia legislature records).