VirginiaHB13862026 Regular SessionHouseWALLET

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

Sponsored By: Scott A. Wyatt (Republican)

Signed by Governor

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: 1 benefits, 0 costs, 0 mixed.

Vehicle buyers gain help for service-contract breaches

Virginia's Motor Vehicle Transaction Recovery Fund now covers unpaid court judgments for a participating licensed or registered dealer's extended service contract breach. Eligible claimants include retail buyers, contributing dealers buying vehicles, and people leasing vehicles from contributing dealers. A Virginia court must have entered a final judgment for the loss. Claimants must file a verified claim with the Board from 30 days through 12 months after the judgment becomes final. Awarded attorney fees and court costs can also be covered when the court based its award on counsel's detailed affidavit. That affidavit must list fees and hours worked, and a copy must accompany the claim. Without that basis for the award, the Board can limit attorney fees to work tied to the covered judgment amount. It can also require a detailed fee breakdown before considering those fees.

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

Constitutional reading dispensed Block Vote (on 2nd reading)

Yes: 40 • No: 0

Senate vote • 3/9/2026

Passed by for the day Block Vote (Voice Vote)

Yes: 0 • 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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