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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 HB 1704.
Introduced
Dec 30, 2024
Last Action
Mar 18, 2025
Session
VA 2025
Sponsors
1 primary · 0 co
Acts of Assembly Chapter text (CHAP0016)
Approved by Governor-Chapter 16 (Effective 07/01/25)
Governor's Action Deadline 11:59 p.m., March 24, 2025
Enrolled Bill Communicated to Governor on February 20, 2025
Signed by President
Bill text as passed Senate and House (SB808ER)
Signed by Speaker
Fiscal Impact Statement from Department of Planning and Budget (SB808)
Enrolled
Read third time
Passed House (94-Y 0-N)
Read second time
Reported from General Laws (21-Y 0-N)
Referred to Committee on General Laws
Read first time
Placed on Calendar
Fiscal Impact Statement from Department of Planning and Budget (SB808)
Read third time and passed Senate (40-Y 0-N)
Read second time and engrossed
Rules suspended
Passed by for the day
Constitutional reading dispensed (on 1st reading) (40-Y 0-N)
Reported from General Laws and Technology (15-Y 0-N)
Referred to Committee on General Laws and Technology
Prefiled and ordered printed; Offered 01-08-2025 25103069D
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Acts of Assembly Chapter text (CHAP0016)
Christie New Craig