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HB 1494

Motor vehicle liens; enforcement and sales.

2026 Regular Session Introduced by Keith Hodges

HB 1494 modifies Virginia motor vehicle lien enforcement procedures and sale requirements, affecting creditor collection rights and consumer protections in vehicle repossession cases.

Fiscal Impact Statement from Department of Planning and Budget (HB1494)
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Bill Summary · HB 1494

Legislative bill overview

HB 1494 modifies Virginia's procedures for enforcing motor vehicle liens and conducting lien sales. The bill, currently in the Transportation Committee, appears to address how lienholder rights are exercised when vehicle owners fail to satisfy debt obligations secured by their vehicles.

Why is this important

Motor vehicle liens affect millions of Virginians with car loans and leases. Changes to enforcement and sale procedures directly impact both creditors' ability to recover unpaid debts and consumers' protections during the repossession and sale process. The fiscal impact statement indicates this will have measurable effects on state operations or revenues.

Potential points of contention

  • Consumer protections vs. creditor efficiency: Stronger enforcement mechanisms may benefit lenders but could reduce procedural safeguards for vehicle owners facing repossession
  • Notice and transparency requirements: Disputes may arise over how much advance notice debtors receive before sales and whether sale processes are sufficiently public/competitive
  • DMV administrative burden: Expanded enforcement roles may require additional state resources, which the fiscal impact statement likely addresses

Compiled from official sources — confirm details with the bill’s official record.

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