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ACROSS SESSIONS
- Subject Index: Since 1995
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Developed and maintained by the Division of Legislative Automated Systems.
2023 SESSION
SB 1222 Resale Disclosure Act; established.
Introduced by: T. Montgomery "Monty" Mason | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Common interest communities; Resale Disclosure Act. Establishes the Resale Disclosure Act, which sets out disclosure requirements and authorized fees relating to contracts for the resale of property located within common interest communities and provides for the issuance of resale certificates or financial updates. The bill repeals the existing disclosure requirements and authorized fees relating to association disclosure packets under the Property Owners' Association Act and resale certificates under the Virginia Condominium Act. The bill requires a seller to obtain a resale certificate and provide the certificate to the purchaser. The bill does not apply to contracts ratified prior to July 1, 2023. This bill is identical to HB 2235.
FULL TEXT
- 01/10/23 Senate: Prefiled and ordered printed; offered 01/11/23 23104188D pdf | impact statement
- 01/25/23 Senate: Committee substitute printed 23105092D-S1 pdf | impact statement
- 02/22/23 House: Floor substitute printed 23107251D-H1 (Wampler) pdf | impact statement
- 03/07/23 Senate: Bill text as passed Senate and House (SB1222ER) pdf | impact statement
- 03/23/23 Governor: Acts of Assembly Chapter text (CHAP0388) pdf
AMENDMENTS
- House committee, floor amendments and substitutes offered
- Senate committee, floor amendments and substitutes offered
- House committee amendments reported
- House amendments not adopted
HISTORY
- 01/10/23 Senate: Prefiled and ordered printed; offered 01/11/23 23104188D
- 01/10/23 Senate: Referred to Committee on General Laws and Technology
- 01/25/23 Senate: Reported from General Laws and Technology with substitute (14-Y 0-N)
- 01/25/23 Senate: Committee substitute printed 23105092D-S1
- 01/27/23 Senate: Constitutional reading dispensed (40-Y 0-N)
- 01/30/23 Senate: Read second time
- 01/30/23 Senate: Reading of substitute waived
- 01/30/23 Senate: Committee substitute agreed to 23105092D-S1
- 01/30/23 Senate: Engrossed by Senate - committee substitute SB1222S1
- 01/31/23 Senate: Read third time and passed Senate (39-Y 0-N)
- 02/10/23 House: Placed on Calendar
- 02/10/23 House: Read first time
- 02/10/23 House: Referred to Committee on General Laws
- 02/14/23 House: Reported from General Laws with amendment(s) (22-Y 0-N)
- 02/16/23 House: Read second time
- 02/20/23 House: Passed by for the day
- 02/21/23 House: Passed by for the day
- 02/22/23 House: Floor substitute printed 23107251D-H1 (Wampler)
- 02/22/23 House: Read third time
- 02/22/23 House: Committee on General Laws amendments rejected
- 02/22/23 House: Substitute by Delegate Wampler agreed to 23107251D-H1
- 02/22/23 House: Engrossed by House - floor substitute SB1222H1
- 02/22/23 House: Passed House with substitute (98-Y 0-N)
- 02/22/23 House: VOTE: Passage (98-Y 0-N)
- 02/23/23 Senate: House substitute agreed to by Senate (40-Y 0-N)
- 02/23/23 Senate: Title replaced 23107251D-H1
- 03/07/23 Senate: Enrolled
- 03/07/23 Senate: Bill text as passed Senate and House (SB1222ER)
- 03/08/23 Senate: Signed by President
- 03/08/23 House: Signed by Speaker
- 03/13/23 Senate: Enrolled Bill Communicated to Governor on March 13, 2023
- 03/13/23 Governor: Governor's Action Deadline 11:59 p.m., March 27, 2023
- 03/23/23 Governor: Approved by Governor-Chapter 388 (effective 7/1/23)
- 03/23/23 Governor: Acts of Assembly Chapter text (CHAP0388)