Action:
Resale Disclosure Act Amendments
Action 6330
General Information
| Action Summary |
This action amends provisions of the Common Interest Community Manager Regulations (18VAC48-50), Common Interest Community Association Registration Regulations (18VAC48-60), and the Common Interest Community Ombudsman Regulations (18VAC48-70) to conform to changes resulting from the enactment of Chapters 387 and 388 of the 2023 Acts of Assembly.
The most significant change resulting from the legislation was the creation of the Resale Disclosure Act, Chapter 23.1 of Title 55.1 of the Code of Virginia. The legislation repealed provisions pertaining to disclosure requirements for the resale of lots or units in developments subject to the Property Owners’ Association Act (Chapter 18 of Title 55.1), the Virginia Condominium Act (Chapter 19 of Title 55.1) and the Virginia Real Estate Cooperative Act (Chapter 21 of Title 55.1) and consolidated these into the new Chapter 23.3.
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| Chapters Affected |
| |
VAC |
Chapter Name |
Action Type |
| Primary |
18 VAC 48-50 |
Common Interest Community Manager Regulations |
Amend Existing Regulation
|
| Other chapters |
| |
18 VAC 48 - 60 |
Common Interest Community Association Registration Regulations |
Amend Existing Regulation
|
| |
18 VAC 48 - 70 |
Common Interest Community Ombudsman Regulations |
Amend Existing Regulation
|
|
| Executive Branch Review |
This Action is exempt from Article 2 of the Administrative Process Act, but falls within the Executive Branch and
will be reviewed by the Governor's Office.
|
| RIS Project |
Yes [7527] |
| Associated Mandates |
Resale Disclosure Act; established.
|
| New Periodic Review |
This action will not be used to conduct a new periodic review.
|
Stages
Stages associated with this regulatory action.
| Stage ID |
Stage Type |
Status |
|
10141
|
Final
|
Stage complete. This regulation became effective on 01/01/2024. |
Contact Information
|
Name / Title:
|
Anika Coleman
/
Executive Director
|
|
Address:
|
9960 Mayland Drive, Suite 400
Richmond, VA 23233
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Email Address:
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CIC@dpor.virginia.gov
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Phone:
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(804)367-8510
FAX: (866)490-2723
TDD: ()-
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This person is the primary contact for this board.
