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2021 SPECIAL SESSION I
SB 1389 Real property; required disclosures for buyer to exercise due diligence, flood risk report.
Introduced by: Lynwood W. Lewis, Jr. | all patrons ... notes | add to my profiles
SUMMARY AS PASSED SENATE: (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 HB 2320.
FULL TEXT
- 01/13/21 Senate: Prefiled and ordered printed; offered 01/13/21 21102797D pdf | impact statement
- 01/27/21 Senate: Committee substitute printed 21103860D-S1 pdf | impact statement
- 02/04/21 Senate: Printed as engrossed 21103860D-ES1 pdf | impact statement
- 02/19/21 Senate: Bill text as passed Senate and House (SB1389ER) pdf | impact statement
- 03/24/21 Governor: Acts of Assembly Chapter text (CHAP0323) pdf
AMENDMENTS
HISTORY
- 01/13/21 Senate: Prefiled and ordered printed; offered 01/13/21 21102797D
- 01/13/21 Senate: Referred to Committee on General Laws and Technology
- 01/27/21 Senate: Committee substitute printed 21103860D-S1
- 01/27/21 Senate: Reported from General Laws and Technology with substitute (14-Y 0-N)
- 01/27/21 Senate: Rereferred to Finance and Appropriations
- 02/03/21 Senate: Reported from Finance and Appropriations with amendment (15-Y 0-N)
- 02/03/21 Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/04/21 Senate: Read second time
- 02/04/21 Senate: Reading of substitute waived
- 02/04/21 Senate: Committee substitute agreed to 21103860D-S1
- 02/04/21 Senate: Reading of amendment waived
- 02/04/21 Senate: Committee amendment agreed to
- 02/04/21 Senate: Engrossed by Senate - committee substitute with amendment SB1389ES1
- 02/04/21 Senate: Printed as engrossed 21103860D-ES1
- 02/04/21 Senate: Constitutional reading dispensed (38-Y 0-N)
- 02/04/21 Senate: Passed Senate (39-Y 0-N)
- 02/07/21 House: Placed on Calendar
- 02/07/21 House: Read first time
- 02/07/21 House: Referred to Committee on General Laws
- 02/08/21 House: Continued to Special Session 1 in General Laws by voice vote
- 02/11/21 House: Reported from General Laws (20-Y 2-N)
- 02/15/21 House: Read second time
- 02/16/21 House: Read third time
- 02/16/21 House: Passed House (94-Y 5-N)
- 02/16/21 House: VOTE: Passage (94-Y 5-N)
- 02/19/21 Senate: Enrolled
- 02/19/21 Senate: Bill text as passed Senate and House (SB1389ER)
- 02/22/21 Senate: Signed by President
- 02/22/21 House: Signed by Speaker
- 02/24/21 Senate: Enrolled Bill Communicated to Governor on February 24, 2021
- 02/24/21 Governor: Governor's Action Deadline 11:59 p.m., March 31, 2021
- 03/24/21 Governor: Approved by Governor-Chapter 323 (effective 1/1/22)
- 03/24/21 Governor: Acts of Assembly Chapter text (CHAP0323)