As anticipated, Gov. Kaine signed HB 1578 making it effective law. More information about this bill is available at www.hb3202.virginia.gov. A copy of his press release is available on the NVTA website (www.thenovaauthority.org), where inquiries regarding refunds are also directed.
The clerks now have 60 days to develop guidelines and to return the money "to the persons or entities that acted as settlement agents." The settlement agents receiving funds from the clerks of court are then required to refund the money "to the persons or entities entitled thereto" within 90 days from date of receipt from the clerk.
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