2010 Code of Virginia
Title 55 - PROPERTY AND CONVEYANCES.
Chapter 27.2 - Real Estate Settlements (55-525.8 thru 55-525.15)
55-525.13 - (Effective October 1, 2010) Disclosure of affiliated business by settlement service providers.
§ 55-525.13. (Effective October 1, 2010) Disclosure of affiliated business by settlement service providers.
Any person making a referral to an affiliated settlement service provider shall disclose the affiliation in accordance with the federal Real Estate Settlement Procedures Act (12 U.S.C. § 2601 et seq.). Such disclosure shall be provided regardless of the amount of the person's actual ownership interest in the affiliated provider. However, if the person's ownership interest is one percent or less of the capital stock of a corporation or entity with a class of securities registered under the Securities Exchange Act of 1934 (15 U.S.C. § 78a et seq.), the disclosure shall not be required.
(1999, c. 688, § 6.1-2.13:2; 2010, c. 794.)
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