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Virginia · 2026 Regular Session · Bill

SB 546: Mortgages; annual notice of potential assumption required, delayed effective date.

Passed one chamber Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

SB 546 is a bill introduced in the Virginia Senate on January 14, 2026. According to its official title, it concerns: Mortgages; annual notice of potential assumption required, delayed effective date. Primary sponsor: Glen Sturtevant (Republican). Most recent recorded action (March 10, 2026): Left in Labor and Commerce.

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.

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.

Sponsors

Sponsors by party (alphabetical): Republican 1

NameRolePartyChamberDistrict
Glen SturtevantPrimary sponsorRepublicanSenate12

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. Left in Labor and Commerce
  2. Subcommittee recommends laying on the table (6-Y 2-N)
  3. Fiscal Impact Statement from State Corporation Commission (SB546)
  4. Assigned HCL sub: Subcommittee #1
  5. Referred to Committee on Labor and Commerce
  6. Read first time
  7. Placed on Calendar
  8. Read third time and passed Senate (38-Y 0-N 0-A)
  9. Engrossed by Senate as amended
  10. Engrossed by Senate (Voice Vote)
  11. Commerce and Labor Amendments agreed to
  12. Read second time

Showing 12 most recent of 21 actions. Full history

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source