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

Bill Has Passed

History

DateAction
01/10/2023Prefiled and ordered printed; offered 01/11/23 23104188D
01/10/2023Referred to Committee on General Laws and Technology
01/19/2023Impact statement from DPB (SB1222)
01/25/2023Senate committee, floor amendments and substitutes offered
01/25/2023Reported from General Laws and Technology with substitute (14-Y 0-N) (see vote tally)
01/25/2023Committee substitute printed 23105092D-S1
01/27/2023Constitutional reading dispensed (40-Y 0-N) (see vote tally)
01/30/2023Read second time
01/30/2023Reading of substitute waived
01/30/2023Committee substitute agreed to 23105092D-S1
01/30/2023Engrossed by Senate - committee substitute SB1222S1
01/30/2023Impact statement from DPB (SB1222S1)
01/31/2023Read third time and passed Senate (39-Y 0-N) (see vote tally)
02/10/2023Placed on Calendar
02/10/2023Read first time
02/10/2023Referred to Committee on General Laws
02/14/2023House committee, floor amendments and substitutes offered
02/14/2023Reported from General Laws with amendment(s) (22-Y 0-N) (see vote tally)
02/16/2023Read second time
02/20/2023Passed by for the day
02/21/2023Passed by for the day
02/22/2023Floor substitute printed 23107251D-H1 (Wampler)
02/22/2023Read third time
02/22/2023Committee on General Laws amendments rejected
02/22/2023Substitute by Delegate Wampler agreed to 23107251D-H1
02/22/2023Engrossed by House - floor substitute SB1222H1
02/22/2023Passed House with substitute (98-Y 0-N)
02/22/2023VOTE: Passage (98-Y 0-N) (see vote tally)
02/22/2023Impact statement from DPB (SB1222H1)
02/23/2023House substitute agreed to by Senate (40-Y 0-N) (see vote tally)
02/23/2023Title replaced 23107251D-H1
03/07/2023Enrolled
03/07/2023Bill text as passed Senate and House (SB1222ER)
03/07/2023Impact statement from DPB (SB1222ER)
03/08/2023Signed by President
03/08/2023Signed by Speaker
03/13/2023Enrolled Bill Communicated to Governor on March 13, 2023
03/13/2023G Governor's Action Deadline 11:59 p.m., March 27, 2023
03/23/2023G Approved by Governor-Chapter 388 (effective 7/1/23)
03/23/2023G Acts of Assembly Chapter text (CHAP0388)