SB670: Residential Property Disclosure Act; disclosure of resource protection areas.

SENATE BILL NO. 670
Offered January 19, 2006
A BILL to amend the Code of Virginia by adding a section number 55-519.2, relating to the Virginia Residential Property Disclosure Act; disclosure of resource protection areas.
Patron-- O'Brien

Referred to Committee on General Laws and Technology

Be it enacted by the General Assembly of Virginia:

1.  That the Code of Virginia is amended by adding a section numbered 55-519.2 as follows:

§ 55-519.2. Required disclosures for properties located in resource protection areas and other environmentally protected zones.

The owner of residential real property located in any resource protection areas and other environmentally protected zones that are subject to governmental regulation, shall furnish to the purchaser on a form provided by the Real Estate Board a written disclosure stating that such property is located in such a resource protection area or other environmentally protected zone. The disclosure shall state the specific resource protection area or other environmentally protected zone, or both, in which the property is located according to the official zoning map.