Virginia 2023 Regular Session Status: Enacted

SB 988 — Virginia Consumer Protection Act; exclusions, residential home sales between private parties.

Last action — Acts of Assembly Chapter text (CHAP0452)

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Senate
  4. ✓
    Passed House of Delegates
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced January 06, 2023. Enacted.

Signed by Governor Glenn Youngkin (Republican) on March 23, 2023.

Prognosis

Advancing 38% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

  • Failed a recorded vote

    Failed 7 recorded votes so far — a real headwind.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Bill Text

What changed in the latest version

27 added · 27 removed

Plain-language change summary

The recent amendment to the Virginia Consumer Protection Act clarifies which transactions are excluded from regulation. The changes specify that residential home sales between natural persons—essentially, private sales between individuals—are not subject to the same consumer protections as other transactions. This matters because it means that individuals selling their homes directly to one another may not have the same legal protections against unfair practices, which could leave them vulnerable in real estate transactions.

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SESSION ENROLLED VIRGINIA ACTS OF ASSEMBLY –– CHAPTER E An Act to amend and reenact § 59.1-199 of the Code of Virginia, relating to Virginia Consumer N Protection Act;
VIRGINIA ACTS OF ASSEMBLY -- 2023 SESSION CHAPTER 452 An Act to amend and reenact § 59.1-199 of the Code of Virginia, relating to Virginia Consumer Protection Act;
R O [S 988] Approved L L 1.
[S 988] Approved March 23, 2023 Be it enacted by the General Assembly of Virginia:
1.
E § 59.1-199.
§ 59.1-199.
D A.
A.
Any aspect of a consumer transaction which aspect is authorized under laws or regulations of this the Commonwealth or the United States, or the formal advisory opinions of any regulatory body or offB.
Any aspect of a consumer transaction which aspect is authorized under laws or regulations of this the Commonwealth or the United States, or the formal advisory opinions of any regulatory body or official of this the Commonwealth or the United States.
2.
television station, or other advertising media such as outdoor advertising and advertising agencies, in the publication or dissemination of an advertisement in violation of § 59.1-200, unless it be proved that such person knew that the advertisement was of a character prohibited by § 59.1-200.
Acts done by the publisher, owner, agent, or employee of a newspaper, periodical, or radio or television station, or other advertising media such as outdoor advertising and advertising agencies, in the publication or dissemination of an advertisement in violation of § 59.1-200, unless it be proved that such person knew that the advertisement was of a character prohibited by § 59.1-200.
C.
B Credit Protection Act, 15 U.S.C.
3.
§ 1601 et seq.n which that are regulated by the Federal Consum8r D.
Those aspects of a consumer transaction which that are regulated by the Federal Consumer Credit Protection Act, 15 U.S.C.
§ 1601 et seq.
D.
Banks, savings institutions, credit unions, small loan companies, public service corpoEations, mortgage lenders as defined in § 6.2-1600, broker-dealers as defined in § 13.1-501, gas suppliers as defined in subsection E of § 56-235.8, and insurance companies regulated and supervised by the State Corporation Commission or a comparable federal regulating body.
Banks, savings institutions, credit unions, small loan companies, public service corporations, mortgage lenders as defined in § 6.2-1600, broker-dealers as defined in § 13.1-501, gas suppliers as defined in subsection E of § 56-235.8, and insurance companies regulated and supervised by the State Corporation Commission or a comparable federal regulating body.
and Tenant Act (§ 55.1-1200 et seq.) or Chapter 14 (§ 55.1-1400 et seq.) of Title 55.1, unless the act or practice of a landlord constitutes a misrepresentation or fraudulent act or practice under § 59.1-200.
E.
5.
Any aspect of a consumer transaction which that is subject to the Virginia Residential Landlord and Tenant Act (§ 55.1-1200 et seq.) or Chapter 14 (§ 55.1-1400 et seq.) of Title 55.1, unless the act or practice of a landlord constitutes a misrepresentation or fraudulent act or practice under § 59.1-200.
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Action History

  1. Acts of Assembly Chapter text (CHAP0452)

  2. Approved by Governor-Chapter 452 (effective 7/1/23)

  3. Governor's Action Deadline 11:59 p.m., March 27, 2023

  4. Enrolled Bill Communicated to Governor on March 13, 2023

  5. Signed by Speaker

  6. Signed by President

  7. Impact statement from DPB (SB988ER)

  8. Bill text as passed Senate and House (SB988ER)

  9. Enrolled

  10. House amendment agreed to by Senate (40-Y 0-N)

  11. VOTE: Block Vote Passage (99-Y 0-N)

  12. Passed House with amendment BLOCK VOTE (99-Y 0-N)

  13. Engrossed by House as amended

  14. Committee amendment agreed to

  15. Read third time

  16. Read second time

  17. Reported from General Laws with amendment(s) (22-Y 0-N)

  18. Subcommittee recommends reporting with amendments (8-Y 0-N)

  19. House subcommittee amendments and substitutes offered

  20. Assigned GL sub: Subcommittee #1

  21. Referred to Committee on General Laws

  22. Read first time

  23. Placed on Calendar

  24. Read third time and passed Senate (39-Y 0-N)

  25. Impact statement from DPB (SB988S1)

  26. Engrossed by Senate - committee substitute SB988S1

  27. Committee substitute agreed to 23105558D-S1

  28. Reading of substitute waived

  29. Read second time

  30. Constitutional reading dispensed (40-Y 0-N)

  31. Committee substitute printed 23105558D-S1

  32. Reported from General Laws and Technology with substitute (12-Y 0-N 2-A)

  33. Senate committee, floor amendments and substitutes offered

  34. Impact statement from DPB (SB988)

  35. Referred to Committee on General Laws and Technology

  36. Prefiled and ordered printed; offered 01/11/23 23103099D

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 147 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (147)

147 members have not signed on to this bill.

Show all 147 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Subjects

public-safety housing
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors SB 988?
SB 988 is sponsored by Mark J. Peake.
What is the current status of SB 988?
This bill has been enacted into law. Introduced January 06, 2023. Enacted.
Where can I track SB 988?
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