2006 Code of Virginia § 6.1-2.13:2 - Disclosure of affiliated business by settlement service providers

6.1-2.13:2. Disclosure of affiliated business by settlement serviceproviders.

Any person making a referral to an affiliated settlement service providershall disclose the affiliation in accordance with the federal Real EstateSettlement Procedures Act of 1974 (12 U.S.C. 2601 et seq.) and provide suchdisclosure regardless of the amount of the person's actual ownership interestin the affiliated provider, unless such ownership is one percent or less ofthe capital stock of a corporation or entity with a class of securitiesregistered under the Securities Exchange Act of 1934 (15 U.S.C. 78a etseq.), in which case such disclosure shall not be required.

(1999, c. 688.)