Effective July 1, 2020, associations subject to the Property Owners’ Association Act (“POA Act”) will be required to furnish the revised POA Act Disclosure Packet Notice as part of all disclosure packets.
Property Owners' Association Disclosure Packet Notice (REVISED effective 7/1/20) (http://www.dpor.virginia.gov/uploadedFiles/MainSite/Content/Boards/CIC/POA%20Disclosure%20Packet%20Notice-eff07-01-2020.pdf)
The Common Interest Community Board adopted this form as the result of HB 720 passing during the 2020 General Assembly Session. This legislation amended §§ 55.1-1809 and 55.1-1814. of the Code of Virginia.
Carefully review the form and be prepared to begin using it for any POA disclosure packets prepared beginning July 1, 2020. Please be advised that failure to provide the required notice as part of a disclosure packet may be a violation of the POA Act.
You can also access this document on the Board's webpage. (http://www.dpor.virginia.gov/CIC-Board/Disclosure_Notices/ )