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2018 SESSION

• | print version

SB 705 Va. Condominium & Property Owners' Association Act; contents of disclosure packets.

Introduced by: Scott A. Surovell | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Condominium Act and the Property Owners' Association Act; contents of association disclosure packet; unfunded capital reserves. Provides for the disclosure packets required upon the resale of a unit under the Virginia Condominium Act or a lot under the Property Owners' Association Act to include a statement of the total amount of unfunded capital reserves based on the current reserve study, including the pro rata share of such unfunded capital reserves per unit or lot.

FULL TEXT

• 01/10/18  Senate: Prefiled and ordered printed; offered 01/10/18 18100401D  pdf | impact statement

HISTORY

• 01/10/18  Senate: Prefiled and ordered printed; offered 01/10/18 18100401D
• 01/10/18  Senate: Referred to Committee on General Laws and Technology
• 01/22/18  Senate: Passed by indefinitely in General Laws and Technology with letter (10-Y 0-N)