Virginia Statutes
§ 55.1-2020 — Deposits to be held in escrow
Virginia § 55.1-2020
JurisdictionVirginia
Title 55.1Property and Conveyances
Subtitle IVCommon Interest Communities
Ch. 20Horizontal Property Act
Art. 4Protection of Purchasers
This text of Virginia § 55.1-2020 (Deposits to be held in escrow) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Va. Code Ann. § 55.1-2020 (2026).
Text
Any deposit made with a reservation to purchase or a contract to purchase shall be held in escrow in a separate fund for such deposits designated as such until the deed for which a deposit was made is delivered to the depositor.
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Legislative History
1973, c. 375, § 55-79.21:1; 2019, c. 712.
Nearby Sections
15
§ 55.1-1000
Definitions§ 55.1-1001
Limitation on applicability of chapter§ 55.1-1003
Persons who may act as a settlement agent§ 55.1-1004
Duties of settlement agents§ 55.1-1006
Choice of settlement agent§ 55.1-1007
Disclosure§ 55.1-1008
Conditions for providing escrow, closing, or settlement services and for maintaining escrow accounts§ 55.1-1009
Falsifying settlement statements prohibited§ 55.1-1009.1
Prohibition against payment or receipt of settlement services kickbacks, rebates, commissions, and other payments§ 55.1-1011
Record retention requirementsCite This Page — Counsel Stack
Bluebook (online)
Virginia § 55.1-2020, Counsel Stack Legal Research, https://law.counselstack.com/statute/va/55.1/55.1-2020.