Sunday, July 6, 2008
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Tracking Virginia’s General Assembly
since 2007.
HB1850: Condominium Act; filing of surety bond with Real Estate Board in lieu of escrowing deposits.
Chief Patron
Del.
Chris Saxman (R-20)
Chris Saxman
(R-20)
Staunton, VA
Served: 2002–
Progress
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Introduced |
 |
Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Status
03/19/2007: signed by governor
Summary
Condominium Act; escrow of deposits; posting of surety. Authorizes the filing of a surety bond or letter of credit by the declarant with the Real Estate Board in lieu of escrowing deposits. The amount of surety bonds or letters of credit is set forth in the bill.
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Poll Results
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