Va. Residential Property Disclosure Act; required disclosures for buyer to exercise due diligence. (HB2320)

Introduced By

Del. Kelly Fowler (D-Virginia Beach) with support from co-patron Del. Cia Price (D-Newport News)

Progress

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

Description

Virginia Residential Property Disclosure Act; required disclosures; repetitive risk loss structure; flood risk information form. Requires the Real Estate Board to make available on its website a flood risk information form, the details of which are outlined in the bill. The bill also provides that an owner of residential real property located in the Commonwealth who has actual knowledge that the dwelling unit is a repetitive risk loss structure, as defined in the bill, shall disclose such fact to the purchaser on a form provided by the Real Estate Board on its website. The bill has a delayed effective date of January 1, 2022. This bill is identical to SB 1389. Read the Bill »

Status

03/24/2021: signed by governor

History

DateAction
01/21/2021Presented and ordered printed 21100798D
01/21/2021Referred to Committee on General Laws
01/27/2021Impact statement from DPB (HB2320)
01/27/2021Assigned GL sub: Housing/Consumer Protection
01/28/2021House subcommittee amendments and substitutes offered
01/28/2021Subcommittee recommends reporting with substitute (6-Y 2-N)
02/02/2021House committee, floor amendments and substitutes offered
02/02/2021Reported from General Laws with substitute (18-Y 3-N) (see vote tally)
02/02/2021Committee substitute printed 21103911D-H1
02/03/2021Impact statement from DPB (HB2320H1)
02/03/2021Read first time
02/04/2021Read second time
02/04/2021Committee substitute agreed to 21103911D-H1
02/04/2021Engrossed by House - committee substitute HB2320H1
02/05/2021Read third time and passed House (88-Y 11-N)
02/05/2021VOTE: Passage (88-Y 11-N) (see vote tally)
02/05/2021Constitutional reading dispensed
02/05/2021Referred to Committee on General Laws and Technology
02/05/2021Continued to 2021 Sp. Sess. 1 in General Laws and Technology (14-Y 0-N) (see vote tally)
02/10/2021Committee substitute printed 21200111D-S1
02/10/2021Reported from General Laws and Technology with substitute (14-Y 0-N) (see vote tally)
02/11/2021Impact statement from DPB (HB2320S1)
02/12/2021Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/15/2021Read third time
02/15/2021Reading of substitute waived
02/15/2021Committee substitute agreed to 21200111D-S1
02/15/2021Engrossed by Senate - committee substitute HB2320S1
02/15/2021Passed Senate with substitute (39-Y 0-N) (see vote tally)
02/17/2021Placed on Calendar
02/17/2021Senate substitute agreed to by House 21200111D-S1 (93-Y 6-N)
02/17/2021VOTE: Adoption (93-Y 6-N) (see vote tally)
02/17/2021Reconsideration of Senate substitute agreed to by House
02/17/2021Senate substitute agreed to by House 21200111D-S1 (94-Y 5-N)
02/17/2021VOTE: Passage #2 (94-Y 5-N) (see vote tally)
02/22/2021Enrolled
02/22/2021Bill text as passed House and Senate (HB2320ER)
02/22/2021Impact statement from DPB (HB2320ER)
02/22/2021Signed by President
02/24/2021Signed by Speaker
02/25/2021Enrolled Bill communicated to Governor on February 25, 2021
02/25/2021G Governor's Action Deadline 11:59 p.m., March 31, 2021
03/24/2021G Approved by Governor-Chapter 322 (effective 1/1/22)
03/24/2021G Acts of Assembly Chapter text (CHAP0322)