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2015 SESSION
SB 775 Virginia Residential Property Disclosure Act; representations related to special flood hazard zones.
Introduced by: Mamie E. Locke | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Virginia Residential Property Disclosure Act; representations related to special flood hazard zones. Requires the owner's representation to a prospective purchaser of residential property under the Virginia Residential Property Disclosure Act that the owner makes no representations with respect to whether the property is located in one or more special flood hazard areas and purchasers are advised to exercise whatever due diligence they deem necessary, including (i) obtaining a flood certification or mortgage lender determination of whether the property is located in one or more special flood hazard areas, (ii) review of any map depicting special flood hazard areas, and (iii) whether flood insurance is required, in accordance with terms and conditions as may be contained in the real estate purchase contract, but in any event, prior to settlement pursuant to such contract. The bill contains technical amendments.
FULL TEXT
- 12/29/14 Senate: Prefiled and ordered printed; offered 01/14/15 15101277D pdf | impact statement
- 02/10/15 House: Committee substitute printed 15104986D-H1 pdf | impact statement
- 02/18/15 Senate: Bill text as passed Senate and House (SB775ER) pdf | impact statement
- 03/10/15 Governor: Acts of Assembly Chapter text (CHAP0079) pdf
HISTORY
- 12/29/14 Senate: Prefiled and ordered printed; offered 01/14/15 15101277D
- 12/29/14 Senate: Referred to Committee on General Laws and Technology
- 01/19/15 Senate: Reported from General Laws and Technology (14-Y 0-N)
- 01/21/15 Senate: Constitutional reading dispensed (38-Y 0-N)
- 01/22/15 Senate: Read second time and engrossed
- 01/23/15 Senate: Read third time and passed Senate (40-Y 0-N)
- 01/30/15 House: Placed on Calendar
- 01/30/15 House: Read first time
- 01/30/15 House: Referred to Committee on General Laws
- 02/10/15 House: Reported from General Laws with substitute (22-Y 0-N)
- 02/10/15 House: Committee substitute printed 15104986D-H1
- 02/11/15 House: Read second time
- 02/12/15 House: Read third time
- 02/12/15 House: Committee substitute agreed to 15104986D-H1
- 02/12/15 House: Engrossed by House - committee substitute SB775H1
- 02/12/15 House: Passed House with substitute BLOCK VOTE (99-Y 0-N)
- 02/12/15 House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
- 02/16/15 Senate: House substitute agreed to by Senate (38-Y 0-N)
- 02/16/15 Senate: Title replaced 15104986D-H1
- 02/18/15 Senate: Enrolled
- 02/18/15 Senate: Bill text as passed Senate and House (SB775ER)
- 02/18/15 House: Signed by Speaker
- 02/20/15 Senate: Signed by President
- 02/23/15 Senate: Enrolled Bill Communicated to Governor on 2/23/15
- 02/23/15 Governor: Governor's Action Deadline Midnight, Sunday, March 29, 2015
- 03/10/15 Governor: Approved by Governor-Chapter 79 (effective 7/1/15)
- 03/10/15 Governor: Acts of Assembly Chapter text (CHAP0079)