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2023 SESSION

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HB 2214 Virginia Residential Property Disclosure Act; required disclosures, resource protection areas.

Introduced by: Kathy K.L. Tran | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Residential Property Disclosure Act; required disclosures; resource protection areas; locality to send notice. Requires the owner of residential real property located in the Commonwealth who has actual knowledge that the property contains a resource protection area established under the Chesapeake Bay Preservation Act to disclose such fact to the purchaser of such property on a form provided by the Real Estate Board on its website. The bill also requires any locality that is subject to the Chesapeake Bay Preservation Act to send, on a yearly basis, to every owner of real property containing a resource protection area written notice informing the owner of the importance of such fact and the penalties that may be imposed by the locality for a violation of any zoning, subdivision, or other ordinance adopted in accordance with the Chesapeake Bay Preservation Act.


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