HB 304 — Conventional home mortgage loans; assumption provisions.
VA 20261 session
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.
Latest action: — Acts of Assembly Chapter
Sponsors (1)
- Richard C. "Rip" Sullivan, Jr. (D, VA) — sponsor
Action timeline (33)
- · house · H4020 —
- · house · H1401 —
- · house · H1412 —
- · house · H8500 —
- · house · H8120 —
- · house · H1417 —
- · house · H1407 —
- · house · H4110 —
- · house · H4120 —
- · house · H4212 —
- · house · H4602 —
- · house · H5000 —
- · house · H4190 —
- · house · H5001 —
- · senate · S4140 —
- · senate · S0201 —
- · house · H8500 —
- · senate · S0205 —
- · senate · S4150 —
- · senate · S4145 —
- · senate · S4160 —
- · senate · S4160 —
- · senate · S4130 —
- · senate · S5100 —
- · house · H5610 —
- · house · H5601 —
- · house · H5620 —
- · senate · S5620 —
- · house · H8500 —
- · house · H7010 —
- · G7010 —
- · G7050 —
- · G9998 —
Text versions (0)
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Bill text (extracted)
Amendments
Congressional Research Service briefs (0)
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Who matters on this bill
Who matters
Members ranked by combined influence on this bill: role (sponsor 5 / cosponsor 1), capped speech count from the Congressional Record, and recorded-vote engagement.
| # | Member | Role | Speeches | Voted | Score |
|---|---|---|---|---|---|
| 1 | Richard C. "Rip" Sullivan, Jr. (D, state_lower VA) | sponsor | 0 | — | 5 |
Stance (positions taken)
Predicted vote
Aggregated from: actual roll-call votes (when present) → sponsor → cosponsor → party median (predicts YES when ≥25% of the caucus sponsored/cosponsored). Each row labels its confidence tier so you can see why a position was predicted.
0 predicted yes (0%) · 543 predicted no (100%) · 0 unknown (0%)
By party: · R: 0 yes / 277 no · D: 0 yes / 263 no · I: 0 yes / 3 no