Virginia § 55.1-2311 Updated resale certificate; financial update

Virginia Statutes

§ 55.1-2311 — Updated resale certificate; financial update

Virginia § 55.1-2311

Title 55.1Property and Conveyances

Subtitle IVCommon Interest Communities

Ch. 23.1Resale Disclosure Act

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Bluebook

Va. Code Ann. § 55.1-2311 (2026).

Text

A.If a resale certificate was issued more than 30 days but less than 12 months before settlement, the seller or the purchaser, upon proof of being the contract purchaser of the unit, may request an updated resale certificate. The updated resale certificate shall be delivered to the person requesting it, or as such person may direct, in the format requested. The updated resale certificate shall be delivered within 10 days after the written request.

B.The updated resale certificate shall contain current information for all items that may have changed from the original resale certificate or a statement that there are no changes.

C.A settlement agent or other third party authorized by the seller or purchaser may request a financial update and the association shall provide such information

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A. If a resale certificate was issued more than 30 days but less than 12 months before settlement, the seller or the purchaser, upon proof of being the contract purchaser of the unit, may request an updated resale certificate. The updated resale certificate shall be delivered to the person requesting it, or as such person may direct, in the format requested. The updated resale certificate shall be delivered within 10 days after the written request.

B. The updated resale certificate shall contain current information for all items that may have changed from the original resale certificate or a statement that there are no changes.

C. A settlement agent or other third party authorized by the seller or purchaser may request a financial update and the association shall provide such information within three business days after the written request.