SB 546 VA

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Passed One Chamber

Mortgages; annual notice of potential assumption required. Requires a mortgage lender to send an annual notice to the owner of residential real estate that is encumbered by a mortgage that such mortgage may be assumable in connection with certain federally backed loans or conventional loans. The bill has a delayed effective date of January 1, 2027. As introduced, this bill was a recommendation of the Virginia Housing Commission.

• Glen H. Sturtevant, Jr. Republican · primary

1. Jan 14, 2026 Prefiled and ordered printed; Offered 01-14-2026 26101250D · upper
2. Jan 14, 2026 Referred to Committee on Commerce and Labor · upper
3. Jan 25, 2026 Fiscal Impact Statement from State Corporation Commission (SB546) · upper
4. Jan 26, 2026 Senate committee offered · upper
5. Jan 26, 2026 Reported from Commerce and Labor with amendments (15-Y 0-N) · upper
6. Jan 28, 2026 Rules suspended · upper
7. Jan 28, 2026 Constitutional reading dispensed Block Vote (on 1st reading) (40-Y 0-N 0-A) · upper
8. Jan 28, 2026 Passed by for the day Block Vote (Voice Vote) · upper
9. Jan 28, 2026 Passed by for the day · upper
10. Jan 29, 2026 Read second time · upper
11. Jan 29, 2026 Commerce and Labor Amendments agreed to · upper
12. Jan 29, 2026 Engrossed by Senate (Voice Vote) · upper
13. Jan 29, 2026 Engrossed by Senate as amended · upper
14. Jan 30, 2026 Read third time and passed Senate (38-Y 0-N 0-A) · upper
15. Feb 4, 2026 Placed on Calendar · lower
16. Feb 4, 2026 Read first time · lower
17. Feb 4, 2026 Referred to Committee on Labor and Commerce · lower
18. Feb 17, 2026 Assigned HCL sub: Subcommittee #1 · lower
19. Feb 23, 2026 Fiscal Impact Statement from State Corporation Commission (SB546) · upper
20. Feb 24, 2026 Subcommittee recommends laying on the table (6-Y 2-N) · lower
21. Mar 10, 2026 Left in Labor and Commerce · lower

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

• Engrossed · PDF
• Engrossed · HTML
• Commerce and Labor Amendment · HTML
• Commerce and Labor Amendment · HTML
• Introduced · PDF
• Introduced · HTML