The 2018 General Assembly session adjourned without completing work on a new biennial budget. The cause for the impasse between the House of Delegates and the Senate was the question of whether Virginia should expand Medicaid. The Republican controlled House of Delegates had included expansion in its budget while the similarly Republican controlled Senate had … Continue reading Virginia Budget Update (Medicaid Expansion)
The General Assembly reached its official halfway point on February 13th. Known as "crossover" it is the date that all non-budget legislation must be passed from the chamber of origin. Surviving bills then go to the opposite chamber where the legislative process begins again. On February 18th, known as Budget Sunday, the House and Senate … Continue reading Legislative Update
As we enter the 5th week of the General Assembly session the pace of the legislature is picking up rapidly. “Crossover”, defined as the time when all bills must be out of their chamber of origin, will be on February 13, 2018. Committees and subcommittees are working at a frantic pace and the legislature will soon … Continue reading VLTA Legislative Update
The mission of the Association is to advance the efficient and secure transfer of ownership of real property by proactively serving its members, the consumer, and affiliated associations. The VLTA PAC exists to support VLTA's legislative efforts on behalf of its members. Led by a committee consisting of volunteers and our Board of Directors, the … Continue reading 2017 PAC Heroes
The U.S. Court of Appeals for the District of Columbia Circuit on Wednesday January 31st, 2018 ruled that the structure of the Consumer Protection Bureau (CFPB) is constitutional. The 7-3 by a full panel of judges upheld the single-director structure of the CFPB. The Court of Appeals ruled that the director of the CFPB can … Continue reading CFPB Ruled Constitutional by US Court of Appeals
The Virginia Bureau of Insurance (the "BOI) recently issued Administrative Letter 2017-04 (https://www.scc.virginia.gov/boi/adminlets/17-04.pdf) and the accompanying Informative Letter (https://www.scc.virginia.gov/boi/pro/resa/cpl_chrg.pdf) regarding Closing Protection Letters (the "CPL"). As these letters advise, the BOI has directed that charges for a CPL are premium charges rather than administrative fees and must be quoted, collected and remitted like all other … Continue reading BOI Admin Letter 2017-04
The PAC Committee is very excited to announce we had great fundraising events at the Annual Convention this year. We broke all records by having 55 contributors contribute $4,415.00 to the PAC!