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2023 SESSION
23105558DBe it enacted by the General Assembly of Virginia:
1. That § 59.1-199 of the Code of Virginia is amended and reenacted as follows:
§ 59.1-199. Exclusions.
Nothing in this chapter shall apply to:
A. 1. Any aspect of a consumer transaction which
aspect is authorized under laws or regulations of this the
Commonwealth or the United States, or the formal advisory opinions of any
regulatory body or official of this the Commonwealth or the
United States.
B. 2. Acts done by the publisher, owner, agent,
or employee of a newspaper, periodical, or radio or television station, or
other advertising media such as outdoor advertising and advertising agencies,
in the publication or dissemination of an advertisement in violation of §
59.1-200, unless it be proved that such person knew that the advertisement was
of a character prohibited by § 59.1-200.
C. 3. Those aspects of a consumer transaction
which that are regulated by the Federal Consumer Credit Protection
Act, 15 U.S.C. § 1601 et seq.
D. 4. Banks, savings institutions, credit
unions, small loan companies, public service corporations, mortgage lenders as
defined in § 6.2-1600, broker-dealers as defined in § 13.1-501, gas suppliers
as defined in subsection E of § 56-235.8, and insurance companies regulated and
supervised by the State Corporation Commission or a comparable federal
regulating body.
E. 5. Any aspect of a consumer transaction
which that is subject to the Virginia Residential Landlord and
Tenant Act (§ 55.1-1200 et seq.) or Chapter 14 (§ 55.1-1400 et seq.) of Title
55.1, unless the act or practice of a landlord constitutes a misrepresentation
or fraudulent act or practice under § 59.1-200.
F. 6. Real estate licensees who are licensed
under Chapter 21 (§ 54.1-2100 et seq.) of Title 54.1.
7. Residential home sales between natural persons involving the seller's private residence.