VirginiaHB13862026 Regular SessionHouseWALLET

Motor Vehicle Transaction Recovery Fund; recovery for breach of extended service contracts.

Sponsored By: Scott A. Wyatt (Republican)

Became Law

Summary

Motor Vehicle Transaction Recovery Fund; recovery for breach of extended service contracts. Authorizes any person who is awarded a final judgment in a court of competent jurisdiction in the Commonwealth for any loss or damage resulting from a breach of an extended service contract for a motor vehicle to recover the unpaid amount on the judgment from the Motor Vehicle Transaction Recovery Fund, subject to certain limitations.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

Recovery fund help for car buyers and lessees

If you win a final Virginia court judgment against a licensed dealer or their salesperson—or for a dealer’s breach of an extended service contract—you can ask the Motor Vehicle Transaction Recovery Fund to pay the unpaid part. File a verified claim with the Board no sooner than 30 days and no later than 12 months after the judgment is final. The Board reviews your claim and can pay the unpaid amount; it considers claims from retail buyers, certain lessees, and licensed dealers that pay into the Fund. If attorney fees and court costs are in your judgment, the Fund pays them only if your lawyer gave the trial court a detailed, itemized affidavit listing hours and work that the court used, and you include that affidavit with your claim. If not, the Board can limit fees to the part it finds compensable and can require a detailed itemization first.

Sponsors & Cosponsors

Sponsor

  • Scott A. Wyatt

    Republican • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 192 • No: 3

Senate vote 3/9/2026

Passed by for the day Block Vote (Voice Vote)

Yes: 0 • No: 0

Senate vote 3/9/2026

Constitutional reading dispensed Block Vote (on 2nd reading)

Yes: 40 • No: 0

Senate vote 3/6/2026

Reported from Finance and Appropriations

Yes: 14 • No: 0

Senate vote 2/26/2026

Reported from Transportation and rereferred to Finance and Appropriations

Yes: 14 • No: 0

House vote 2/17/2026

Read third time and passed House Block Vote

Yes: 97 • No: 0

House vote 2/12/2026

Reported from Transportation with amendment(s)

Yes: 21 • No: 0

House vote 2/10/2026

Subcommittee recommends reporting with amendment(s)

Yes: 6 • No: 3

Actions Timeline

  1. Acts of Assembly Chapter text (CHAP0837)

    4/13/2026Governor
  2. Approved by Governor-Chapter 837 (effective 7/1/2026)

    4/13/2026Governor
  3. Fiscal Impact Statement from Department of Planning and Budget (HB1386)

    4/1/2026House
  4. Governor's Action Deadline 11:59 p.m., April 13, 2026

    3/31/2026Governor
  5. Enrolled Bill communicated to Governor on March 31, 2026

    3/31/2026House
  6. Signed by Speaker

    3/31/2026House
  7. Bill text as passed House and Senate (HB1386ER)

    3/30/2026House
  8. Enrolled

    3/30/2026House
  9. Signed by President

    3/30/2026Senate
  10. Passed Senate Block Vote (40-Y 0-N 0-A)

    3/10/2026Senate
  11. Read third time

    3/10/2026Senate
  12. Passed by for the day Block Vote (Voice Vote)

    3/9/2026Senate
  13. Constitutional reading dispensed Block Vote (on 2nd reading) (40-Y 0-N 0-A)

    3/9/2026Senate
  14. Rules suspended

    3/9/2026Senate
  15. Reported from Finance and Appropriations (14-Y 0-N)

    3/6/2026Senate
  16. Reported from Transportation and rereferred to Finance and Appropriations (14-Y 0-N)

    2/26/2026Senate
  17. Referred to Committee on Transportation

    2/18/2026Senate
  18. Constitutional reading dispensed (on 1st reading)

    2/18/2026Senate
  19. Fiscal Impact Statement from Department of Planning and Budget (HB1386)

    2/17/2026House
  20. Read third time and passed House Block Vote (97-Y 0-N 0-A)

    2/17/2026House
  21. Engrossed by House as amended

    2/16/2026House
  22. committee amendment agreed to

    2/16/2026House
  23. Read second time

    2/16/2026House
  24. Read first time

    2/15/2026House
  25. Reported from Transportation with amendment(s) (21-Y 0-N)

    2/12/2026House

Bill Text

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