Real property; required disclosures for buyer to exercise due diligence, flood risk report. (SB1389)
Introduced By
Sen. Lynwood Lewis (D-Accomac) 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; 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 HB 2320. Read the Bill »
Status
08/02/2021: Awaiting a Vote in the Finance and Appropriations Committee
History
| Date | Action |
|---|---|
| 01/13/2021 | Prefiled and ordered printed; offered 01/13/21 21102797D |
| 01/13/2021 | Referred to Committee on General Laws and Technology |
| 01/21/2021 | Impact statement from DPB (SB1389) |
| 01/27/2021 | Senate committee, floor amendments and substitutes offered |
| 01/27/2021 | Committee substitute printed 21103860D-S1 |
| 01/27/2021 | Reported from General Laws and Technology with substitute (14-Y 0-N) (see vote tally) |
| 01/27/2021 | Rereferred to Finance and Appropriations |
| 02/01/2021 | Impact statement from DPB (SB1389S1) |
| 02/03/2021 | Reported from Finance and Appropriations with amendment (15-Y 0-N) (see vote tally) |
| 02/03/2021 | Constitutional reading dispensed (39-Y 0-N) (see vote tally) |
| 02/04/2021 | Read second time |
| 02/04/2021 | Reading of substitute waived |
| 02/04/2021 | Committee substitute agreed to 21103860D-S1 |
| 02/04/2021 | Reading of amendment waived |
| 02/04/2021 | Committee amendment agreed to |
| 02/04/2021 | Engrossed by Senate - committee substitute with amendment SB1389ES1 |
| 02/04/2021 | Printed as engrossed 21103860D-ES1 |
| 02/04/2021 | Constitutional reading dispensed (38-Y 0-N) (see vote tally) |
| 02/04/2021 | Passed Senate (39-Y 0-N) (see vote tally) |
| 02/07/2021 | Placed on Calendar |
| 02/07/2021 | Read first time |
| 02/07/2021 | Referred to Committee on General Laws |
| 02/08/2021 | Continued to Special Session 1 in General Laws |
| 02/10/2021 | Impact statement from DPB (SB1389ES1) |
| 02/11/2021 | Reported from General Laws (20-Y 2-N) (see vote tally) |
| 02/15/2021 | Read second time |
| 02/16/2021 | Read third time |
| 02/16/2021 | Passed House (94-Y 5-N) |
| 02/16/2021 | VOTE: Passage (94-Y 5-N) (see vote tally) |
| 02/19/2021 | Enrolled |
| 02/19/2021 | Bill text as passed Senate and House (SB1389ER) |
| 02/19/2021 | Impact statement from DPB (SB1389ER) |
| 02/22/2021 | Signed by President |
| 02/22/2021 | Signed by Speaker |
| 02/24/2021 | Enrolled Bill Communicated to Governor on February 24, 2021 |
| 02/24/2021 | G Governor's Action Deadline 11:59 p.m., March 31, 2021 |
| 03/24/2021 | G Approved by Governor-Chapter 323 (effective 1/1/22) |
| 03/24/2021 | G Acts of Assembly Chapter text (CHAP0323) |