2006 Code of Virginia § 55-522 - Change in circumstances

55-522. Change in circumstances.

If information disclosed in accordance with this chapter is subsequentlyrendered or discovered to be inaccurate as a result of any act, occurrence,information received, circumstance or agreement subsequent to the delivery ofthe required disclosures, the inaccuracy resulting therefrom does notconstitute a violation of this chapter. However, at or before settlement,the owner shall be required to disclose any material change in the physicalcondition of the property or certify to the purchaser at settlement that thecondition of the property is substantially the same as it was when thedisclosure form was provided. If, at the time the disclosures are requiredto be made, an item of information required to be disclosed is unknown or notavailable to the owner, the owner may state that the information is unknownor may use an approximation of the information, provided the approximation isclearly identified as such, is reasonable, is based on the actual knowledgeof the owner, and is not used for the purpose of circumventing or evadingthis chapter.

(1992, c. 717.)