Virginia Residential Property Disclosure Act; disclosure of special flood hazard area to purchaser, (SB342)

Introduced By

Sen. Mamie Locke (D-Hampton)

Progress

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

Description

Virginia Residential Property Disclosure Act; Virginia Residential Landlord and Tenant Act; disclosure of special flood hazard area to prospective purchaser or renter. Requires the owner of residential real property who has actual knowledge that the property is located in one or more special flood hazard areas to provide a written disclosure when selling the property. Under current law, the owner is required to advise the buyer to exercise due diligence prior to purchasing the property. The bill also requires landlords who have actual knowledge that the residential dwelling unit is on property that is located in a special flood hazard area to disclose that information to the prospective tenant. If a tenant is not provided such disclosure within 60 days of discovery that the residential dwelling unit is on property that is located in a special flood hazard area, he may terminate the lease. This bill is a recommendation of the Virginia Housing Commission. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/06/2020Prefiled and ordered printed; offered 01/08/20 20103375D
01/06/2020Referred to Committee on General Laws and Technology
01/15/2020Impact statement from DPB (SB342)
01/15/2020Stricken at request of Patron in General Laws and Technology (14-Y 0-N) (see vote tally)

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