Va. Code §55.1-2311
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Resale Disclosure Act — Updated Resale Certificate; Financial Update
Update mechanics: when a certificate was issued more than 30 days but less than 12 months before settlement, the seller or contract purchaser may request an updated certificate (10-day delivery). Settlement agents may request a financial update (three business days).
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Statutory Text
Verified Aug 5, 2026 · OTHER
Virginia Law Code of Virginia Title 55.1. Property and Conveyances Chapter 23.1. Resale Disclosure Act 8/6/2026 § 55.1-2311 . Updated resale certificate; financial update. 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. 2023, cc. 387 , 388 ; 2024, cc. 54 , 511 .
Other sections in this chapter
- Va. Code §55.1-1800 — Property Owners' Association Act — Definitions
- Va. Code §55.1-1801 — Property Owners' Association Act — Applicability
- Va. Code §55.1-1805 — Property Owners' Association Act — Association Charges
- Va. Code §55.1-1815 — Property Owners' Association Act — Access to Records; Association Meetings; Notice
- Va. Code §55.1-1816 — Property Owners' Association Act — Meetings of the Board of Directors
- Va. Code §55.1-1819 — Property Owners' Association Act — Adoption and Enforcement of Rules
- Va. Code §55.1-1820 — Property Owners' Association Act — Display of the Flag of the United States
- Va. Code §55.1-1824 — Property Owners' Association Act — Assessments; Late Fees
- Va. Code §55.1-1826 — Property Owners' Association Act — Annual Budget; Reserve Study
- Va. Code §55.1-1830 — Property Owners' Association Act — Validity of Declaration; Corrective Amendments
- Va. Code §55.1-1833 — Property Owners' Association Act — Lien for Assessments; Foreclosure
- Va. Code §55.1-1835 — Property Owners' Association Act — Annual Report by Association
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Legal references last verified July 9, 2026.
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