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2021 SESSION
HB 2320 Va. Residential Property Disclosure Act; required disclosures for buyer to exercise due diligence.
Introduced by: Kelly K. Convirs-Fowler | all patrons ... notes | add to my profiles
SUMMARY AS PASSED HOUSE: (all summaries)
Virginia Residential Property Disclosure Act; required disclosures; repetitive risk loss structure; flood risk information form. Requires the Real Estate Board (the 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.
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
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)