Common interest communities; termination of certain management contracts.
It became law on Mar 19, 2025.
- Stage
- Became law
- Started in
- House
- Latest action
- Mar 19, 2025
What it does
Common interest communities; termination of certain management contracts; transfer of association books and records. Provides that within a reasonable time after termination of a management contract and without additional cost to the association a common interest community manager shall transfer and release all funds and close bank accounts maintained on behalf of an association. This bill incorporates HB 2292.
Where it stands
This bill passed and is now law.
Introduced (Done)
Committee (Done)
Floor (Done)
Law (Done)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
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Where it goes next
It is law in Virginia. What happens now is up to the agency that carries it out, the courts, and the place itself.