VirginiaRental home marketplace guarantees; transactions involving advertisement, sale, etc., penalty.
What it does
Rental home marketplace guarantees; penalty. Provides for the regulation of rental home marketplace guarantees, defined in the bill, by the Commissioner of Agriculture and Consumer Services. The bill establishes requirements for the registration of rental home marketplace guarantee providers, authorizes the Board of Agriculture and Consumer Services to prescribe regulations, and authorizes the Commissioner to investigate violations.
More detail
The bill includes requirements for the production of records, insurance, and consumer disclosures. The bill provides that rental home marketplace guarantees are not insurance. The bill adds transactions involving the advertisement, sale, lease, or license of rental home marketplace guarantees to the definition of a consumer transaction for the purpose of the Virginia Consumer Protection Act. A seller who knowingly and willfully violates the requirements of the bill is in violation of such Act and is guilty of a Class 3 misdemeanor. The bill's registration requirements have a delayed effective date of January 1, 2027. The Board is required to promulgate its initial implementing regulations by January 1, 2027. The bill provides that any rental home marketplace guarantees issued prior to January 1, 2027, are subject to oversight of the Commissioner.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Mar 9Stricken at request of Patron in Commerce and Labor (11-Y 0-N)Latest
- Vote recorded Stricken at request of Patron in Commerce and Labor. Result: pass.Upper
- Feb 25Rereferred from General Laws and Technology to Commerce and Labor (14-Y 0-N)Minor
- Vote recorded Rereferred from General Laws and Technology. Result: pass.Upper
- Feb 23Fiscal Impact Statement from Department of Planning and Budget (HB765)
- Feb 18Referred to Committee on General Laws and TechnologyMinor
- Feb 18Constitutional reading dispensed (on 1st reading)
- Feb 17Read third time and passed House (73-Y 22-N 0-A)Passed House
- Vote recorded H VOTE:. Result: pass.Lower
- Feb 16Engrossed by House - floor substitute
- Feb 16Delegate Hayes Floor substitute agreed toMajor
- Feb 16committee amendments rejectedMinor
- Feb 16Read second timeMinor
- Feb 16Floor substitute printed 26107978D-H1 (Hayes)
- Feb 16Floor offered Delegate Hayes Substitute
- Feb 15Read first timeMinor
- Feb 13Reported from Appropriations (21-Y 1-N)Minor
- Vote recorded Subcommittee recommends reporting. Result: pass.Lower
- Vote recorded Reported from Appropriations. Result: pass.Lower
- Feb 13Subcommittee recommends reporting (6-Y 1-N)
- Feb 13Assigned HAPP sub: Commerce Agriculture & Natural ResourcesMinor
- Feb 12Reported from General Laws with amendment(s) and referred to Appropriations (18-Y 3-N)Minor
- Vote recorded Subcommittee recommends reporting with amendment(s). Result: pass.Lower
- Vote recorded Reported from General Laws with amendment(s). Result: pass.Lower
- Feb 12Subcommittee recommends reporting with amendment(s) and referring to Appropriations (8-Y 1-N)
- Feb 12House subcommittee offered
- Jan 28Fiscal Impact Statement from Department of Planning and Budget (HB765)
- Jan 26Assigned HGL sub: Housing/Consumer ProtectionMinor
- Jan 13Referred to Committee on General LawsMinor
- Jan 13Prefiled and ordered printed; Offered 01-14-2026 26102511DIntroduced
- Mar 9Stricken at request of Patron in Commerce and Labor (11-Y 0-N)Latest