Virginia bills · 2026 Regular Session
Virginia HB 304
Conventional home mortgage loans; assumption provisions.
- Introduced
- In committee
- Passed House
- Passed Senate
- To Governor
- Became law
Sponsors
- Richard C. "Rip" Sullivan, Jr. (Democratic)
Summary
Official abstract published by the Virginia legislature· SUMMARY AS PASSED
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 divorce if the assuming borrower qualifies for the underlying loan, as determined by the lender.
Text versions
Roll-call votes
State vote data last updated Oct 15, 2026, 8:04 PM.
| Date | Vote | Result | Your legislators |
|---|---|---|---|
| Feb 26, 2026 Senate | Passage R | pass | Set your home in Virginia to see |
| Feb 25, 2026 Senate | Constitutional reading dispensed (on 2nd reading) | pass | Set your home in Virginia to see |
| Feb 23, 2026 Senate | Reported from Commerce and Labor | pass | Set your home in Virginia to see |
| Feb 4, 2026 House | H VOTE: | pass | Set your home in Virginia to see |
| Feb 4, 2026 House | H VOTE: | pass | Set your home in Virginia to see |
| Jan 29, 2026 House | Reported from Labor and Commerce with amendment(s) | pass | Set your home in Virginia to see |
| Jan 27, 2026 House | Subcommittee recommends reporting with amendment(s) | pass | Set your home in Virginia to see |
Actions
- Apr 13, 2026
Approved by Governor-Chapter 962 (effective 7/1/2026) - Mar 10, 2026
Governor's Action Deadline 11:59 p.m., April 13, 2026 - Mar 10, 2026 · House
Enrolled Bill communicated to Governor on March 10, 2026 - Mar 5, 2026 · House
Fiscal Impact Statement from State Corporation Commission (HB304) - Mar 3, 2026 · Senate
Signed by President - Mar 3, 2026 · House
Signed by Speaker - Mar 3, 2026 · House
Bill text as passed House and Senate (HB304ER) - Mar 3, 2026 · House
Enrolled - Feb 26, 2026 · Senate
Passed Senate (40-Y 0-N 0-A) - Feb 26, 2026 · Senate
Read third time - Feb 25, 2026 · Senate
Passed by for the day Block Vote (Voice Vote) - Feb 25, 2026 · Senate
Constitutional reading dispensed Block Vote (on 2nd reading) (40-Y 0-N 0-A) - Feb 25, 2026 · Senate
Rules suspended - Feb 23, 2026 · Senate
Reported from Commerce and Labor (15-Y 0-N) - Feb 5, 2026 · House
Fiscal Impact Statement from State Corporation Commission (HB304) - Feb 5, 2026 · Senate
Referred to Committee on Commerce and Labor - Feb 5, 2026 · Senate
Constitutional reading dispensed (on 1st reading) - Feb 4, 2026 · House
Passed House (98-Y 0-N 0-A) - Feb 4, 2026 · House
Reconsideration of passage agreed to by House - Feb 4, 2026 · House
Read third time and passed House (97-Y 1-N 0-A) - Feb 3, 2026 · House
Engrossed by House as amended - Feb 3, 2026 · House
committee amendments agreed to - Feb 3, 2026 · House
Read second time - Feb 2, 2026 · House
Read first time - Jan 29, 2026 · House
Reported from Labor and Commerce with amendment(s) (22-Y 0-N) - Jan 27, 2026 · House
Subcommittee recommends reporting with amendment(s) (9-Y 0-N) - Jan 27, 2026 · House
House subcommittee offered - Jan 19, 2026 · House
Fiscal Impact Statement from State Corporation Commission (HB304) - Jan 19, 2026 · House
Assigned HCL sub: Subcommittee #1 - Jan 9, 2026 · House
Referred to Committee on Labor and Commerce - Jan 9, 2026 · House
Prefiled and ordered printed; Offered 01-14-2026 26101895D