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Resale Disclosure Act; resale certificate; responsibility for payment of insurance deductible. Requires the resale certificate form, developed by the Common Interest Community Board, to include a statement indicating that the governing documents of an association may make an owner responsible for payment of all or part of the deductible when making a claim against any insurance provided by the association for the benefit of the owners or insurance coverage recommended or required to be obtained by the owners. This bill is identical to SB 808.
Introduced
Jan 4, 2025
Last Action
Mar 18, 2025
Session
VA 2025
Sponsors
1 primary · 0 co
Acts of Assembly Chapter text (CHAP0014)
Approved by Governor-Chapter 14 (Effective 07/01/25)
Governor's Action Deadline 11:59 p.m., March 24, 2025
Enrolled Bill communicated to Governor on February 18, 2025
Signed by President
Bill text as passed House and Senate (HB1704ER)
Signed by Speaker
Fiscal Impact Statement from Department of Planning and Budget (HB1704)
Enrolled
Passed Senate (39-Y 0-N)
Read third time
Constitutional reading dispensed (on 2nd reading) (38-Y 0-N)
Rules suspended
Passed by for the day
Reported from General Laws and Technology (13-Y 0-N)
Referred to Committee on General Laws and Technology
Constitutional reading dispensed (on 1st reading)
Read third time and passed House (97-Y 0-N)
Fiscal Impact Statement from Department of Planning and Budget (HB1704)
Read second time and engrossed
Read first time
Reported from General Laws (21-Y 0-N)
Subcommittee recommends reporting (8-Y 0-N)
Assigned GL sub: Housing/Consumer Protection
Prefiled and ordered printed; Offered 01-08-2025 25103668D
Referred to Committee on General Laws
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Acts of Assembly Chapter text (CHAP0014)
David L. Bulova