Conventional home mortgage loans; assumption provisions.
Introduced
Moved
Reached a final decision
Became law
Derived from the official record below.
Officially: “An Act to amend and reenact § 6.2-419 of the Code of Virginia, relating to the assumption of a mortgage or deed of trust; conventional home mortgage loans required to include assumption provisions.” Read the full text
2026 session
What it does
Conventional home mortgage loans; assumption provisions. Requires any lender for any conventional home mortgage loan secured on or after July 1, 2026, by a mortgage or deed of trust on owner-occupied residential real estate located in the Commonwealth to include provisions in such loan to allow for any of the existing borrowers to purchase the property interest of another borrower on the loan by assuming the seller's portion of the mortgage in connection with a decree of annulment or divorc
From the official legislative record, shown verbatim. Not legal advice.
Where it is
Introduced · Jan 9, 2026
Acts of Assembly Chapter 962 (latest official status)
Latest official status shown, exactly as the official record states it. The step by step history lives on the official page linked below.
The numbers
1
sponsor on the bill
Sponsors
Richard C. "Rip" Sullivan, Jr.
Recorded votes
Passed Senate (40-Y 0-N 0-A)Senate · 2026-02-26 · P · Y 40
Constitutional reading dispensed Block Vote (on 2nd reading) (40-Y 0-N 0-A)Senate · 2026-02-25 · P · Y 40
Reported from Commerce and Labor (15-Y 0-N)Senate · 2026-02-23 · P · Y 15
Passed House (98-Y 0-N 0-A)House of Delegates · 2026-02-04 · P · Y 98, X 2
Read third time and passed House (97-Y 1-N 0-A)House of Delegates · 2026-02-04 · P · Y 97, X 2, N 1
Reported from Labor and Commerce with amendment(s) (22-Y 0-N)House of Delegates · 2026-01-29 · P · Y 22
Subcommittee recommends reporting with amendment(s) (9-Y 0-N)House of Delegates · 2026-01-27 · P · Y 9
Roll-call results shown verbatim from the Virginia legislature’s records. A result reflects that roll call’s own motion, not the bill’s overall outcome.
Every fact on this page links to its source, starting with the official bill record. Last action: Acts of Assembly Chapter 962.