Virginia § 55.1-1013 Accounting by title insurance companies

Virginia Statutes

§ 55.1-1013 — Accounting by title insurance companies

Virginia § 55.1-1013

Title 55.1Property and Conveyances

Subtitle IIReal Estate Settlements and Recordation

Ch. 10Real Estate Settlement Agents

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Bluebook

Va. Code Ann. § 55.1-1013 (2026).

Text

A title insurance company domiciled in the Commonwealth or acting in the capacity of a settlement agent pursuant to this chapter shall account for funds held and income derived from escrow, closing, or settlement services in accordance with the applicable instructions of, and the accounting practices and procedures manuals adopted by, the Association when filing the annual statements and reports required under Chapter 13 (§ 38.2-1300 et seq.) of Title 38.2.

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A title insurance company domiciled in the Commonwealth or acting in the capacity of a settlement agent pursuant to this chapter shall account for funds held and income derived from escrow, closing, or settlement services in accordance with the applicable instructions of, and the accounting practices and procedures manuals adopted by, the Association when filing the annual statements and reports required under Chapter 13 (§ 38.2-1300 et seq.) of Title 38.2.