SB 1231 Property Owners' Association Act; designation of authorized representative by seller.
William M. Stanley, Jr. | all patrons    ...    notes
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Summary as passed Senate: (all summaries)

Property Owners' Association Act; designation of authorized representative by seller; association disclosure packet. Provides that unless expressly authorized by the Property Owners' Association Act (§ 55-508 et seq.) or the declaration or as otherwise provided by law, no association may require the use of any for sale sign that is (i) an association sign or (ii) a real estate sign that does not comply with the requirements of the Real Estate Board. An association may, however, prohibit the placement of signs in the common area and establish reasonable rules and regulations that regulate (a) the number of real estate signs, (b) the geographical location of real estate signs, (c) the manner in which real estate signs are affixed to real property, and (d) the period of time after settlement when the real estate signs must be removed. In addition, no property owners' association may require any lot owner to execute a formal power of attorney if the lot owner designates a person licensed by the Real Estate Board to serve as his authorized representative in the sale of a lot. The bill provides that if a request has been made to an association or its common interest community manager to furnish the disclosure packet and such packet is not provided within 14 days of the request, it shall be deemed a waiver of any claim for delinquent assessments or of any violation of the declaration, bylaws, rules and regulations, or architectural guidelines existing as of the date of the request with respect to the subject lot. The bill also authorizes the Common Interest Community Board to assess a monetary penalty for failure to deliver the association disclosure packet within 14 days against the association or its common interest community manager. The bill also authorizes the Common Interest Community Board to receive a complaint directly from any person aggrieved by an association's failure to deliver a resale certificate or disclosure packet within the time period required under the Condominium Act, the Virginia Real Estate Cooperative Act, or the Property Owners' Association Act. This bill is identical to HB 2045.

Full text:
01/10/17  Senate: Prefiled and ordered printed; offered 01/11/17 17103664D  pdf | impact statement
02/03/17  Senate: Committee substitute printed 17104938D-S1  pdf | impact statement
02/22/17  Senate: Bill text as passed Senate and House (SB1231ER)  pdf | impact statement
03/13/17  Governor: Acts of Assembly Chapter text (CHAP0405)  pdf

Status:
01/10/17  Senate: Prefiled and ordered printed; offered 01/11/17 17103664D
01/10/17  Senate: Referred to Committee on General Laws and Technology
02/03/17  Senate: Reported from General Laws and Technology with substitute (14-Y 0-N)
02/03/17  Senate: Committee substitute printed 17104938D-S1
02/06/17  Senate: Constitutional reading dispensed (40-Y 0-N)
02/07/17  Senate: Read second time
02/07/17  Senate: Reading of substitute waived
02/07/17  Senate: Committee substitute agreed to 17104938D-S1
02/07/17  Senate: Engrossed by Senate - committee substitute SB1231S1
02/07/17  Senate: Constitutional reading dispensed (40-Y 0-N)
02/07/17  Senate: Passed Senate (40-Y 0-N)
02/09/17  House: Placed on Calendar
02/09/17  House: Read first time
02/09/17  House: Referred to Committee on General Laws
02/14/17  House: Reported from General Laws (22-Y 0-N)
02/16/17  House: Read second time
02/17/17  House: Read third time
02/17/17  House: Passed House BLOCK VOTE (99-Y 0-N)
02/17/17  House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
02/22/17  Senate: Enrolled
02/22/17  Senate: Bill text as passed Senate and House (SB1231ER)
02/22/17  Senate: Signed by President
02/22/17  House: Signed by Speaker
02/23/17  Senate: Enrolled Bill Communicated to Governor on 2/23/17
02/23/17  Governor: Governor's Action Deadline Midnight, March 27, 2017
03/13/17  Governor: Approved by Governor-Chapter 405 (effective 7/1/17)
03/13/17  Governor: Acts of Assembly Chapter text (CHAP0405)