The bills, people and money around American Land Title Association.
Real property; duty to disclose ownership interest and lis pendens.Virginia · HB 281 · Last action Apr 11, 2022The bill requires a settlement agent, in connection with any transaction involving the purchase or sale of an interest in residential real property, to obtain from the purchaser a statement in writing that he has been notified by the settlement agent that the purchaser may wish to obtain owner's title insurance coverage including affirmative mechanics'…Latest action: Approved by Governor-Chapter 610 (effective 7/1/22)Enacted law
Real property; duty to disclose ownership interest and lis pendens.Virginia · SB 311 · Last action Apr 27, 2022The bill requires a settlement agent, in connectionwith any transaction involving the purchase or sale of an interest in residential real property, to obtain from the purchaser a statementin writing that he has been notified by the settlement agent thatthe purchaser may wish to obtain owner's title insurance coverageincluding affirmative mechanics' lien…Latest action: Senate sustained Governor's vetoVetoed
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