HB2235
Resale Disclosure Act; established.
Summary
As Passed Both Chambers. 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 ... (More) 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 SB 1222. (Less)-
Bill History
- 01/11/2023 - House: Prefiled and ordered printed; offered 01/11/23 23104187D
- 01/11/2023 - House: Referred to Committee on General Laws
- 01/16/2023 - House: Assigned GL sub: Subcommittee #2
- 01/19/2023 - House: Impact statement from DPB (HB2235)
- 01/26/2023 - House: House subcommittee amendments and substitutes offered
- 01/26/2023 - House: Subcommittee recommends reporting with substitute (8-Y 0-N)
- 01/31/2023 - House: Reported from General Laws with substitute (22-Y 0-N)
- 01/31/2023 - House: Committee substitute printed 23104985D-H1
- 02/02/2023 - House: Read first time
- 02/03/2023 - House: Read second time
- 02/03/2023 - House: Committee substitute agreed to 23104985D-H1
- 02/03/2023 - House: Engrossed by House - committee substitute HB2235H1
- 02/06/2023 - House: Read third time and passed House BLOCK VOTE (100-Y 0-N)
- 02/06/2023 - House: VOTE: Block Vote Passage (100-Y 0-N)
- 02/06/2023 - House: Impact statement from DPB (HB2235H1)
- 02/07/2023 - Senate: Constitutional reading dispensed
- 02/07/2023 - Senate: Referred to Committee on General Laws and Technology
- 02/15/2023 - Senate: Senate committee, floor amendments and substitutes offered
- 02/15/2023 - Senate: Reported from General Laws and Technology with substitute (15-Y 0-N)
- 02/15/2023 - Senate: Committee substitute printed 23107035D-S1
- 02/17/2023 - House: Impact statement from DPB (HB2235S1)
- 02/17/2023 - Senate: Constitutional reading dispensed (37-Y 0-N)
- 02/20/2023 - Senate: Read third time
- 02/20/2023 - Senate: Reading of substitute waived
- 02/20/2023 - Senate: Committee substitute agreed to 23107035D-S1
- 02/20/2023 - Senate: Engrossed by Senate - committee substitute HB2235S1
- 02/20/2023 - Senate: Passed Senate with substitute (40-Y 0-N)
- 02/21/2023 - House: Senate substitute agreed to by House 23107035D-S1 (98-Y 0-N)
- 02/21/2023 - House: VOTE: Adoption (98-Y 0-N)
- 02/24/2023 - House: Enrolled
- 02/24/2023 - House: Bill text as passed House and Senate (HB2235ER)
- 02/25/2023 - House: Impact statement from DPB (HB2235ER)
- 03/02/2023 - House: Enrolled Bill communicated to Governor on March 2, 2023
- 03/02/2023 - Governor: Governor's Action Deadline 11:59 p.m., March 27, 2023
- 03/23/2023 - Governor: Approved by Governor-Chapter 387 (effective 7/1/23)
- 03/23/2023 - Governor: Acts of Assembly Chapter text (CHAP0387)
