Virginia · 2025 Regular Session · Bill
SB 1452: Conveyance or assumption; certain restrictions prohibited.
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
SB 1452 is a bill introduced in the Virginia Senate on January 17, 2025. According to its official title, it concerns: Conveyance or assumption; certain restrictions prohibited. Primary sponsor: Glen Sturtevant (Republican). Most recent recorded action (January 29, 2025): Passed by indefinitely in General Laws and Technology (14-Y 0-N).
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
Certain restrictions on conveyance or assumption; prohibited. Prohibits the holder of the obligation secured by a mortgage or deed of trust on certain residential real estate from imposing, agreeing to, or enforcing a legal restriction on conveyance or restriction on the assumption of a residential mortgage or deed of trust. The bill requires a holder, if a mortgage or deed of trust requires approval of the holder for a conveyance or assumption, to approve the sale or transfer of all or part of the encumbered property, or the sale or transfer of a beneficial interest in a trust all or part of the property, if (i) at least one of the people acquiring ownership is determined to be creditworthy under generally accepted mortgage underwriting standards; (ii) the seller retains an ownership interest in the property; or (iii) the transfer is by devise or descent. The bill provides that legal restrictions on conveyance are acceptable if the restriction is part of an eligible governmental or nonprofit program if the program is designed to assist the purchase of low-income or moderate-income housing.
Sponsors
Sponsors by party (alphabetical): Republican 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Glen Sturtevant | Primary sponsor | Republican | Senate | 12 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Passed by indefinitely in General Laws and Technology (14-Y 0-N)
- Referred to Committee on General Laws and Technology
- Presented and ordered printed 25104304D