Buyer to beware; Va. Housing Commission to review existing required disclosures, etc.
It became law on Apr 13.
- Stage
- Became law
- Started in
- House
- Latest action
- Apr 13
What it does
Virginia Housing Commission; Virginia Residential Property Disclosure Act; comprehensive review of required disclosures; report. Directs the Virginia Housing Commission to convene a stakeholder advisory group to assist the Commission in conducting a comprehensive review of (i) required disclosures for a buyer to beware, (ii) current methods for a buyer to receive a residential property disclosure statement, and (iii) the statutory language related to residential property disclosure statements and the language used in such disclosure statements. The bill further directs the Commission to develop recommendations based on such review and stakeholder input to improve efficiency, transparency,…
Where it stands
This bill passed and is now law.
Introduced (Done)
Committee (Done)
Floor (Done)
Law (Done)
Where it goes next
Law in Virginia. Agencies now write the rules that carry it out, and courts can stay or strike it.
Looking this up…
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
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