Va. Code §55.1-2313
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Resale Disclosure Act — Liability for Resale Certificate
Liability allocation: the seller is not liable for erroneous information the association provided, and the purchaser is not liable for unpaid assessments beyond the amounts stated in the certificate — the association is bound by its own numbers.
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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 § 55.1-2313 . Liability for resale certificate. A. A seller providing a resale certificate pursuant to § 55.1-2310 or 55.1-2311 shall not be liable to the purchaser for any erroneous information provided by the association and included in the certificate or for the failure or delay of the association to provide the resale certificate in a timely manner. B. A purchaser shall not be liable for any unpaid assessment or fee greater than the amount set forth in the resale certificate, updated resale certificate, or financial update. The association shall, as to the purchaser, be bound by the information provided in the resale certificate or updated resale certificate as to the amounts of current assessments, including any approved special or additional assessments, and any violation of the governing documents or rules and regulations as of the date of the resale certificate, updated resale certificate, or financial update unless the purchaser had actual knowledge that the contents of the resale certificate were in error. 2023, cc. 387 , 388 .
Financial
| Ref | Requirement |
|---|---|
| (B) | Whatever balance the association put on the certificate is the most the buyer can be made to pay. |
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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