Virginia Residential Property Disclosure Act; representations related to special flood hazard area. (HB1450)

Introduced By

Del. Jackson Miller (R-Manassas) with support from co-patron Sen. Monty Mason (D-Williamsburg)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Virginia Residential Property Disclosure Act; representations related to special flood hazard areas and stormwater facility maintenance agreements. Requires the residential property disclosure statement provided by a property owner to a prospective purchaser under the Virginia Residential Property Disclosure Act to include explanation that the owner makes no representation with respect to the presence of any maintenance agreement for any stormwater detention facility on the property or with respect to whether the property resides in any special flood hazard area. The bill requires the statement to advise prospective purchasers to exercise whatever diligence they deem necessary to determine the presence of any such agreement or location of any such special flood hazard areas prior to settlement. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
12/30/2014Committee
12/30/2014Prefiled and ordered printed; offered 01/14/15 15101227D
12/30/2014Referred to Committee on General Laws
01/15/2015Assigned GL sub: Subcommittee #1
01/15/2015Impact statement from DPB (HB1450)
01/20/2015Subcommittee recommends laying on the table
02/10/2015Left in General Laws