Virginia Residential Property Disclosure Act; flood-related disclosures. Requires the Real Estate Board to include on its repetitive risk loss disclosure form for owners of residential real property space for the disclosure of historical flood damages, flood insurance claims, and costs to such residential real property along with other related information. The bill also requires the owner of residential real property within the Commonwealth to disclose to any purchaser or renter of such property certain facts related to the flood history and risk of such property.
Statutes affected: Introduced: 55.1-703, 55.1-708.2
House: Prefiled and ordered printed; offered 01/10/24 24105048D: 55.1-703, 55.1-708.2