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2021 SPECIAL SESSION I
HB 2320 Real property; required disclosures for buyer to exercise due diligence, flood risk report.
Introduced by: Kelly K. Convirs-Fowler | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Virginia Residential Property Disclosure Act; required disclosures; repetitive risk loss structure; flood risk information form. Requires the Real Estate Board to make available on its website a flood risk information form, the details of which are outlined in the bill. The bill also provides that an owner of residential real property located in the Commonwealth who has actual knowledge that the dwelling unit is a repetitive risk loss structure, as defined in the bill, shall disclose such fact to the purchaser on a form provided by the Real Estate Board on its website. The bill has a delayed effective date of January 1, 2022. This bill is identical to SB 1389.
FULL TEXT
- 01/21/21 House: Presented and ordered printed 21100798D pdf | impact statement
- 02/02/21 House: Committee substitute printed 21103911D-H1 pdf | impact statement
- 02/10/21 Senate: Committee substitute printed 21200111D-S1 pdf | impact statement
- 02/22/21 House: Bill text as passed House and Senate (HB2320ER) pdf | impact statement
- 03/24/21 Governor: Acts of Assembly Chapter text (CHAP0322) pdf
AMENDMENTS
- House subcommittee amendments and substitutes offered
- House subcommittee amendments and substitutes adopted
- House committee, floor amendments and substitutes offered
HISTORY
- 01/21/21 House: Presented and ordered printed 21100798D
- 01/21/21 House: Referred to Committee on General Laws
- 01/27/21 House: Assigned GL sub: Housing/Consumer Protection
- 01/28/21 House: Subcommittee recommends reporting with substitute (6-Y 2-N)
- 01/28/21 House: Subcommittee recommends reporting with substitute (6-Y 2-N)
- 02/02/21 House: Reported from General Laws with substitute (18-Y 3-N)
- 02/02/21 House: Committee substitute printed 21103911D-H1
- 02/03/21 House: Read first time
- 02/04/21 House: Read second time
- 02/04/21 House: Committee substitute agreed to 21103911D-H1
- 02/04/21 House: Engrossed by House - committee substitute HB2320H1
- 02/05/21 House: Read third time and passed House (88-Y 11-N)
- 02/05/21 House: VOTE: Passage (88-Y 11-N)
- 02/05/21 Senate: Constitutional reading dispensed
- 02/05/21 Senate: Referred to Committee on General Laws and Technology
- 02/05/21 Senate: Continued to 2021 Sp. Sess. 1 in General Laws and Technology (14-Y 0-N)
- 02/10/21 Senate: Committee substitute printed 21200111D-S1
- 02/10/21 Senate: Reported from General Laws and Technology with substitute (14-Y 0-N)
- 02/12/21 Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/15/21 Senate: Read third time
- 02/15/21 Senate: Reading of substitute waived
- 02/15/21 Senate: Committee substitute agreed to 21200111D-S1
- 02/15/21 Senate: Engrossed by Senate - committee substitute HB2320S1
- 02/15/21 Senate: Passed Senate with substitute (39-Y 0-N)
- 02/17/21 House: Placed on Calendar
- 02/17/21 House: Senate substitute agreed to by House 21200111D-S1 (93-Y 6-N)
- 02/17/21 House: VOTE: Adoption (93-Y 6-N)
- 02/17/21 House: Reconsideration of Senate substitute agreed to by House
- 02/17/21 House: Senate substitute agreed to by House 21200111D-S1 (94-Y 5-N)
- 02/17/21 House: VOTE: Passage #2 (94-Y 5-N)
- 02/22/21 House: Enrolled
- 02/22/21 House: Bill text as passed House and Senate (HB2320ER)
- 02/22/21 Senate: Signed by President
- 02/24/21 House: Signed by Speaker
- 02/25/21 House: Enrolled Bill communicated to Governor on February 25, 2021
- 02/25/21 Governor: Governor's Action Deadline 11:59 p.m., March 31, 2021
- 03/24/21 Governor: Approved by Governor-Chapter 322 (effective 1/1/22)
- 03/24/21 Governor: Acts of Assembly Chapter text (CHAP0322)