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Assignment recordation bill killed after all

The effort to require recordation of mortgage assignments in court records is finally dead.

Sen. Chap Petersen, D-Fairfax, managed to resurrect his proposal, Senate Bill 838, that would have required the recordation of mortgage assignments in court records yesterday.

The bill had been voted down in subcommittee, 4-3, but the full Senate Courts Committee passed it 9-5. After extended debate on the Senate floor today, it went down 26-14.

Petersen managed to win Senate approval of SB 837, which would create a civil cause of action against a person who knowingly uses a false document in support of foreclosure, on a 25-14 vote.

Our blog post yesterday has more detail on the bills and discussion in Senate Courts.

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