Virginia § 55.1-906 Disclosure of charges for appraisal or valuation using automated or other valuation mechanism

Virginia Statutes

§ 55.1-906 — Disclosure of charges for appraisal or valuation using automated or other valuation mechanism

Virginia § 55.1-906

Title 55.1Property and Conveyances

Subtitle IIReal Estate Settlements and Recordation

Ch. 9Real Estate Settlements

This text of Virginia § 55.1-906 (Disclosure of charges for appraisal or valuation using automated or other valuation mechanism) 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. § 55.1-906 (2026).

Text

Any lender providing a loan secured by a first deed of trust or mortgage on real estate containing not more than four residential dwelling units shall disclose on the settlement statement or closing disclosure, as those terms are defined in § 55.1-1000, any fee charged to the borrower for an appraisal, as that term is defined in § 54.1-2009, and any fee charged to the borrower for a valuation or opinion of value of the property prepared using an automated or other mechanism prepared by a person who is not licensed as an appraiser under Chapter 20.1 (§ 54.1-2009 et seq.) of Title 54.1.

Free access — add to your briefcase to read the full text and ask questions with AI

Any lender providing a loan secured by a first deed of trust or mortgage on real estate containing not more than four residential dwelling units shall disclose on the settlement statement or closing disclosure, as those terms are defined in § 55.1-1000, any fee charged to the borrower for an appraisal, as that term is defined in § 54.1-2009, and any fee charged to the borrower for a valuation or opinion of value of the property prepared using an automated or other mechanism prepared by a person who is not licensed as an appraiser under Chapter 20.1 (§ 54.1-2009 et seq.) of Title 54.1.