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Tuesday, July 7, 2026

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VA · HB1518FINAL · 1 COSPONSOR

Buyer to beware; Va. Housing Commission to review existing required disclosures, etc.

Where it is in the process
Plain-English Summary

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 an…

Source: OpenStates · fetched April 13, 2026

Who it affects
Homeownerindirect

May be affected by changes in the disclosure requirements when selling their property.

AI-extracted
Who This AffectsAI analysis
  • HomeownerindirectModerate impactMedium certainty

    May be affected by changes in the disclosure requirements when selling their property.

    “required disclosures for a buyer to beware”· 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 an
What the Bill Does
  • Directs the Virginia Housing Commission to conduct a comprehensive review of residential property disclosure statements.
  • Requires the Commission to convene a stakeholder advisory group to assist in the review.
  • The review will cover required disclosures, methods of delivery, and statutory language related to disclosures.
Votes
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