Resale Disclosure Act; established. (SB1222)
Introduced By
Sen. Monty Mason (D-Williamsburg)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Common interest communities; Resale Disclosure Act. Establishes the Resale Disclosure Act, which sets out disclosure requirements and authorized fees relating to contracts for the resale of property located within common interest communities and provides for the issuance of resale certificates or financial updates. The bill repeals the existing disclosure requirements and authorized fees relating to association disclosure packets under the Property Owners' Association Act and resale certificates under the Virginia Condominium Act. The bill requires a seller to obtain a resale certificate and provide the certificate to the purchaser. The bill does not apply to contracts ratified prior to July 1, 2023. This bill is identical to HB 2235. Read the Bill »
Outcome
History
Date | Action |
---|---|
01/10/2023 | Prefiled and ordered printed; offered 01/11/23 23104188D |
01/10/2023 | Referred to Committee on General Laws and Technology |
01/19/2023 | Impact statement from DPB (SB1222) |
01/25/2023 | Senate committee, floor amendments and substitutes offered |
01/25/2023 | Reported from General Laws and Technology with substitute (14-Y 0-N) (see vote tally) |
01/25/2023 | Committee substitute printed 23105092D-S1 |
01/27/2023 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
01/30/2023 | Read second time |
01/30/2023 | Reading of substitute waived |
01/30/2023 | Committee substitute agreed to 23105092D-S1 |
01/30/2023 | Engrossed by Senate - committee substitute SB1222S1 |
01/30/2023 | Impact statement from DPB (SB1222S1) |
01/31/2023 | Read third time and passed Senate (39-Y 0-N) (see vote tally) |
02/10/2023 | Placed on Calendar |
02/10/2023 | Read first time |
02/10/2023 | Referred to Committee on General Laws |
02/14/2023 | House committee, floor amendments and substitutes offered |
02/14/2023 | Reported from General Laws with amendment(s) (22-Y 0-N) (see vote tally) |
02/16/2023 | Read second time |
02/20/2023 | Passed by for the day |
02/21/2023 | Passed by for the day |
02/22/2023 | Floor substitute printed 23107251D-H1 (Wampler) |
02/22/2023 | Read third time |
02/22/2023 | Committee on General Laws amendments rejected |
02/22/2023 | Substitute by Delegate Wampler agreed to 23107251D-H1 |
02/22/2023 | Engrossed by House - floor substitute SB1222H1 |
02/22/2023 | Passed House with substitute (98-Y 0-N) |
02/22/2023 | VOTE: Passage (98-Y 0-N) (see vote tally) |
02/22/2023 | Impact statement from DPB (SB1222H1) |
02/23/2023 | House substitute agreed to by Senate (40-Y 0-N) (see vote tally) |
02/23/2023 | Title replaced 23107251D-H1 |
03/07/2023 | Enrolled |
03/07/2023 | Bill text as passed Senate and House (SB1222ER) |
03/07/2023 | Impact statement from DPB (SB1222ER) |
03/08/2023 | Signed by President |
03/08/2023 | Signed by Speaker |
03/13/2023 | Enrolled Bill Communicated to Governor on March 13, 2023 |
03/13/2023 | G Governor's Action Deadline 11:59 p.m., March 27, 2023 |
03/23/2023 | G Approved by Governor-Chapter 388 (effective 7/1/23) |
03/23/2023 | G Acts of Assembly Chapter text (CHAP0388) |