VirginiaBuyer to beware; Va. Housing Commission to review existing required disclosures, etc.
What it does
Virginia Housing Commission; Virginia Residential Property Disclosure Act; comprehensive review of required disclosures; report. Directs the Virginia Housing Commission to convene a stakeholder advisory group to assist the Commission in conducting a comprehensive review of (i) required disclosures for a buyer to beware, (ii) current methods for a buyer to receive a residential property disclosure statement, and (iii) the statutory language related to residential property disclosure statements and the language used in such disclosure statements. The bill further directs the Commission to develop recommendations based on such review and stakeholder input to improve efficiency, transparency, and the consumer experience while maintaining legal protections for all parties.
More detail
The bill requires the Commission to submit a written report of its findings and recommendations to the Chairs of the House Committee on General Laws and the Senate Committee on General Laws and Technology no later than October 1, 2026. This bill incorporates HB 477.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Apr 13Approved by Governor Abigail Spanberger-Chapter 871 (effective 7/1/2026)Became Law
- Apr 1Fiscal Impact Statement from Department of Planning and Budget (HB1518)
- Mar 31Governor's Action Deadline 11:59 p.m., April 13, 2026To Governor
- Mar 31Enrolled Bill communicated to Governor on March 31, 2026Minor
- Mar 31Signed by SpeakerMajor
- Mar 30Signed by PresidentMajor
- Mar 30Bill text as passed House and Senate (HB1518ER)Major
- Mar 30EnrolledMinor
- Mar 11Fiscal Impact Statement from Department of Planning and Budget (HB1518)
- Mar 10Senate substitute agreed to by House (95-Y 3-N 0-A)Major
- Vote recorded H VOTE:. Result: pass.Lower
- Mar 9Passed Senate with substitute Block Vote (40-Y 0-N 0-A)Passed Senate
- Vote recorded Passage R. Result: pass.Upper
- Mar 9Engrossed by Senate - committee substituteMajor
- Mar 9Committee substitute agreed to (Voice Vote)Major
- Mar 9Read third timeMinor
- Mar 6Passed by for the day Block Vote (Voice Vote)
- Vote recorded Constitutional reading dispensed (on 2nd reading). Result: pass.Upper
- Mar 6Constitutional reading dispensed Block Vote (on 2nd reading) (39-Y 0-N 0-A)
- Mar 6Rules suspended
- Mar 5Committee substitute printed 26108565D-S1Major
- Mar 4Reported from General Laws and Technology with substitute (15-Y 0-N)Minor
- Vote recorded Reported from General Laws and Technology with substitute. Result: pass.Upper
- Feb 25Senate subcommittee offered
- Feb 25Assigned GL&T sub: HousingMinor
- Feb 18Referred to Committee on General Laws and TechnologyMinor
- Feb 18Constitutional reading dispensed (on 1st reading)
- Feb 17Read third time and passed House (97-Y 0-N 0-A)Passed House
- Vote recorded H VOTE:. Result: pass.Lower
- Feb 16Engrossed by House - committee substituteMajor
- Feb 16committee substitute agreed toMajor
- Feb 16Read second timeMinor
- Feb 15Read first timeMinor
- Feb 12Committee substitute printed 26107885D-H1Major
- Vote recorded Subcommittee recommends reporting with substitute. Result: pass.Lower
- Vote recorded Reported from General Laws with substitute. Result: pass.Lower
- Feb 12Reported from General Laws with substitute (21-Y 0-N)Minor
- Feb 12Incorporates HB477 (Watts)
- Feb 12Subcommittee recommends reporting with substitute (10-Y 0-N)Major
- Feb 12House subcommittee offered
- Feb 2Assigned HGL sub: Housing/Consumer ProtectionMinor
- Jan 30Fiscal Impact Statement from Department of Planning and Budget (HB1518)
- Jan 23Referred to Committee on General LawsMinor
- Jan 23Presented and ordered printed 26106159DIntroduced