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2016 SESSION
HB 1264 Virginia Residential Property Disclosure Act; representations related to covenants, report.
Introduced by: Roxann L. Robinson | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Virginia Residential Property Disclosure Act; representations related to covenants and restrictions affecting the property. Provides that, in delivering the residential property disclosure statement to a prospective purchaser of residential property under the Virginia Residential Property Disclosure Act, the owner makes no representations with respect to (i) any covenants and restrictions that may be recorded in land records that affect the real property or any improvements located on the property, (ii) the zoning classification or permitted uses of adjacent parcels, or (iii) the costs associated with maintaining, repairing, or inspecting any wastewater system, including any costs or requirements related to the pump-out of septic tanks. The bill replaces a reference to "certified home inspection" with "home inspection," relating to a prospective purchaser's exercise of due diligence. The bill requires the Virginia Housing Commission (the Commission) to study the provisions of the Virginia Residential Property Disclosure Act (the Act) to determine whether the required disclosures contained in the Act may be consolidated or otherwise addressed in a more comprehensive way. The Commission shall report its findings and any recommendations for legislation to the Chairmen of the House Committee on General Laws and the Senate Committee on General Laws and Technology by November 1, 2016.
FULL TEXT
- 01/20/16 House: Presented and ordered printed 16104406D pdf | impact statement
- 02/11/16 House: Committee substitute printed 16105137D-H1 pdf | impact statement
- 03/07/16 House: Bill text as passed House and Senate (HB1264ER) pdf | impact statement
- 03/25/16 Governor: Acts of Assembly Chapter text (CHAP0505) pdf
HISTORY
- 01/20/16 House: Presented and ordered printed 16104406D
- 01/20/16 House: Referred to Committee on General Laws
- 01/27/16 House: Assigned GL sub: Subcommittee #1
- 02/09/16 House: Subcommittee recommends reporting with amendment(s) (6-Y 0-N)
- 02/11/16 House: Reported from General Laws with substitute (22-Y 0-N)
- 02/11/16 House: Committee substitute printed 16105137D-H1
- 02/13/16 House: Read first time
- 02/15/16 House: Read second time
- 02/15/16 House: Committee substitute agreed to 16105137D-H1
- 02/15/16 House: Engrossed by House - committee substitute HB1264H1
- 02/16/16 House: Read third time and passed House (98-Y 1-N)
- 02/16/16 House: VOTE: PASSAGE (98-Y 1-N)
- 02/17/16 Senate: Constitutional reading dispensed
- 02/17/16 Senate: Referred to Committee on General Laws and Technology
- 02/29/16 Senate: Reported from General Laws and Technology (11-Y 0-N)
- 03/02/16 Senate: Constitutional reading dispensed (40-Y 0-N)
- 03/03/16 Senate: Read third time
- 03/03/16 Senate: Passed Senate (39-Y 0-N)
- 03/03/16 Senate: Reconsideration of Senate passage agreed to by Senate (36-Y 0-N)
- 03/03/16 Senate: Passed Senate (40-Y 0-N)
- 03/07/16 House: Enrolled
- 03/07/16 House: Bill text as passed House and Senate (HB1264ER)
- 03/07/16 House: Signed by Speaker
- 03/09/16 Senate: Signed by President
- 03/09/16 House: Enrolled Bill communicated to Governor on 3/9/2016
- 03/09/16 Governor: Governor's Action Deadline Midnight, Sunday, April 10, 2016
- 03/25/16 Governor: Approved by Governor-Chapter 505 (effective 7/1/16)
- 03/25/16 Governor: Acts of Assembly Chapter text (CHAP0505)