Action:
Amendments to reflect Chapter 60 of the 2018 Acts of Assembly
General Information
| Action Summary |
Chapter 60 of the 2018 Acts of Assembly added a new statute concerning protection of escrow funds in the event of termination of a real estate purchase contract. The Real Estate Board must conform relevant subsections of 18 VAC 135-20-80, which addresses maintenance and management of escrow accounts for real estate transactions, to the provisions of § 54.1-2108.2 of the Code of Virginia.
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| Chapters Affected |
Only affects this chapter.
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| Executive Branch Review |
This Action is exempt from Article 2 of the Administrative Process Act.
The normal executive branch review process is not required. As such, it can be submitted directly for publication and
is effective upon publication.
Exempt Citation:
§ 2.2-4006.A.4.a of the Code of Virginia
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| RIS Project |
Yes [005659] |
| Associated Mandates |
Post-license and continuing education requirements; escrow funds
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| New Periodic Review |
This action will not be used to conduct a new periodic review.
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Stages
Stages associated with this regulatory action.
| Stage ID |
Stage Type |
Status |
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8376
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Final
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Stage complete. This regulation became effective on 11/01/2018. |
Contact Information
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Name / Title:
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Anika Coleman
/
Executive Director
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Address:
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9960 Mayland Drive, Suite 400
Suite 400
Richmond, VA 23233
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Email Address:
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reboard@dpor.virginia.gov
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Phone:
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(804)367-8552
FAX: (866)826-8863
TDD: ()-
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This person is the primary contact for this board.
