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2004 SESSION

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SB 449 Condo. & Property Owners Assn. Acts; fees related to providing statements of assurance, resale, etc.

Introduced by: Mary Margaret Whipple | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Condominium Act and the Virginia Property Owners Association Act; fees related to providing statements of assurance, resale certificate or disclosure packet. Increases the fee that owners' associations under the Condominium Act and the Property Owners Association Act may charge for providing a statement of assurance from 10 cents per page with a $50 maximum to 15 cents per page with a $100 maximum. The bill also increases the fee that an owners' association may charge for preparing a certificate of resale or disclosure packet from 10 cents per page with a $100 maximum to 15 cents per page with a $150 maximum. In addition, the bill clarifies that the purchaser may also request a statement of assurance and a certificate of resale or disclosure packet and makes technical amendments.

FULL TEXT

• 01/14/04  Senate: Presented & ordered printed, prefiled 01/14/04 042789844  pdf

HISTORY

• 01/14/04  Senate: Presented & ordered printed, prefiled 01/14/04 042789844
• 01/14/04  Senate: Referred to Committee on General Laws
• 01/21/04  Senate: Failed to report (defeated) in General Laws (2-Y 13-N)