Public Comments for 02/11/2021 General Laws - Housing/Consumer Protection Subcommittee
SB1110 - Real estate settlement agents; duties.
HB 5002 Small Business & Women-owned & Minority-owned Business Procurement Enhancement Programs; Why is the bill only limited to all new capital outlay construction solicitations that are issued. How many Black women own construction companies? Why is it capped at 200K. I have an independent pharmacy in Norfolk Virginia and I have been waiting for this bill to come to committee. The bill has no bite. The state wasted money doing a diversity study , only to come up with this as a resolution. I have been consistently discriminated against in the state procurement process and I do not see where this bill is going to change anything. Dr. Anna Peoples
When the law was enacted 23-24 years ago the requirements for title settlement agents to carry E&O coverage and a Surety Bond were put into place to provide protection for consumers. As a policy the Bureau has issued the surety bond information and E&O information to consumers who have a claim against an agent. It was suggested that the Bureau clarify the ability to release this information in the Code since we also have a section that very specifically states that our files are confidential. Basically, the bill just clarifies that the Bureau can provide consumer protection documents to consumers who may have a claim against an agent.