Action:
Amend the Condominium Regulations as result of approval by the Governor of HB 899 (2014)
Action 4240
General Information
| Action Summary |
Chapter 215 of the Acts of the 2014 General Assembly, which was the result of HB 899, decreases the condominium unit purchaser’s right to cancel the purchase contract from ten days to five days. It also requires the purchase contract to state this in boldface print of not less than 12 point type. Further, the statutorily and regulatory required language in the public offering statement must be amended to reflect this change in the Code of Virginia. |
| Chapters Affected |
Only affects this chapter.
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| Executive Branch Review |
This Action is exempt from Article 2 of the Administrative Process Act.
The normal executive branch review process is not required. As such, it can be submitted directly for publication and
is effective upon publication.
Exempt Citation:
Subsection A.4.a of § 2.2-4006 of the Code of Virginia
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| RIS Project |
Yes [004097] |
| Associated Mandates |
Condo Act - Purchaser's Right of Cancellation
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| New Periodic Review |
This action will not be used to conduct a new periodic review.
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Stages
Stages associated with this regulatory action.
| Stage ID |
Stage Type |
Status |
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7042
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Final
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Stage complete. This regulation became effective on 10/09/2014. |
Contact Information
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Name / Title:
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Anika Coleman
/
Executive Director
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Address:
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9960 Mayland Drive, Suite 400
Richmond, VA 23233
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Email Address:
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CIC@dpor.virginia.gov
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Phone:
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(804)367-8510
FAX: (866)490-2723
TDD: ()-
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This person is the primary contact for this board.
