Condominium Act and Property Owners' Association Act; delivery of condominium resale certificates. (HB2385)

Introduced By

Del. David Bulova (D-Fairfax)

Progress

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

Description

Condominium Act and Property Owners' Association Act; delivery of condominium resale certificates and association disclosure packets; right of purchaser to cancel contract. Provides that a purchaser of a unit subject to the Condominium Act or a lot subject to the Property Owners' Association Act who receives a condominium resale certificate or association disclosure packet which is not in conformity with law may cancel the contract for such unit or lot (i) within three days after the date of the contract if the resale certificate or disclosure packet is received on or before the date that the purchaser signs the contract, (ii) within three days of receiving the resale certificate or disclosure packet if the resale certificate or disclosure packet is hand delivered, delivered by electronic means, or delivered by a commercial overnight delivery service or the United States Postal Service, and a receipt obtained; or (iii) within six days after the postmark date if the resale certificate or disclosure packet is sent to the purchaser by United States mail. Amends § 55-509.4, § 55-79.97, of the Code of Virginia. Read the Bill »

Status

01/17/2019: Awaiting a Vote in the General Laws Committee

History

DateAction
01/08/2019Committee
01/08/2019Prefiled and ordered printed; offered 01/09/19 19104170D
01/08/2019Referred to Committee on General Laws
01/14/2019Impact statement from DPB (HB2385)
01/16/2019Assigned GL sub: Subcommittee #2
01/17/2019Subcommittee recommends reporting (8-Y 0-N)

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