Virginia Statutes
§ 55.1-907 — Penalty
Virginia § 55.1-907
JurisdictionVirginia
Title 55.1Property and Conveyances
Subtitle IIReal Estate Settlements and Recordation
Ch. 9Real Estate Settlements
This text of Virginia § 55.1-907 (Penalty) 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. § 55.1-907 (2026).
Text
Any persons suffering losses due to the failure of the lender or the settlement agent to cause disbursement as required by this chapter shall be entitled to recover, in addition to other actual damages, double the amount of any interest collected in violation of § 55.1-902 plus reasonable attorney fees incurred in the collection of such damages and interest.
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Legislative History
1980, c. 730, § 6.1-2.15; 2010, c. 794, § 55-525.15; 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 § 55.1-907, Counsel Stack Legal Research, https://law.counselstack.com/statute/va/55.1/55.1-907.