Virginia § 55.1-708.2 Required disclosures pertaining to repetitive loss

Virginia Statutes

§ 55.1-708.2 — Required disclosures pertaining to repetitive loss

Virginia § 55.1-708.2

Title 55.1Property and Conveyances

Subtitle IIReal Estate Settlements and Recordation

Ch. 7Virginia Residential Property Disclosure Act

This text of Virginia § 55.1-708.2 (Required disclosures pertaining to repetitive loss) 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. § 55.1-708.2 (2026).

Text

The owner of residential real property located in the Commonwealth who has actual knowledge that the dwelling unit is a repetitive risk loss structure shall disclose such fact to the purchaser. For purposes of this section, "repetitive risk loss" means that two or more claims of more than $1,000 were paid by the National Flood Insurance Program within any rolling 10-year period, since 1978. Such disclosure shall be provided to the purchaser on a form provided by the Real Estate Board on its website.

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The owner of residential real property located in the Commonwealth who has actual knowledge that the dwelling unit is a repetitive risk loss structure shall disclose such fact to the purchaser. For purposes of this section, "repetitive risk loss" means that two or more claims of more than $1,000 were paid by the National Flood Insurance Program within any rolling 10-year period, since 1978. Such disclosure shall be provided to the purchaser on a form provided by the Real Estate Board on its website.