Virginia Code 54.1-2350: Annual report; form to accompany resale certificates.
In addition to the provisions of § 54.1-2349, the Board shall:
Terms Used In Virginia Code 54.1-2350
- Association: includes condominium, cooperative, or property owners' associations. See Virginia Code 54.1-2345
- Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
- Board: means the Common Interest Community Board. See Virginia Code 54.1-2345
1. Administer the provisions of Article 2 (§ 54.1-2354.1 et seq.);
2. Develop and disseminate an association annual report form for use in accordance with §§ 55.1-1835, 55.1-1980, and 55.1-2182; and
3. Develop and disseminate a standardized resale certificate form, which shall contain disclosure statements in the order listed in § 55.1-2310. The form shall provide for the attachment of reference documents and contain space for an association to indicate those disclosures that pertain to its particular community. The form shall also provide that the purchaser remains responsible for his own examination of the resale certificate and of any attached reference documents.
2008, cc. 851, 871; 2017, c. 257; 2018, cc. 70, 733; 2019, cc. 390, 712; 2022, cc. 65, 66; 2023, cc. 387, 388.