HB2396: Deed fraud; VHDA to evaluate prevalence, develop recommendations for prevention, etc.

Legislative Summary

Virginia Housing Development Authority; technical advisory group; report. Directs the Virginia Housing Development Authority to convene a technical advisory group to (i) evaluate the prevalence of deed fraud, including notary fraud, seller impersonation, owner impersonation, and fraudulent lien filing; (ii) develop recommendations for the prevention of deed fraud; and (iii) develop measures to enhance protections for property owners from such crimes. The bill also requires the technical advisory group to give consideration to certain policy proposals stated in the bill. The bill requires the technical advisory group to submit its findings and recommendations to the Chairmen of the House Committee on General Laws and the Senate Committee on General Laws and Technology no later than November 1, 2025. This bill is identical to SB 1270.