HB1518
Buyer to beware; Va. Housing Commission, et al., to review existing required disclosures, etc.
Status:
Passed
Latest Action:
March 11, 2026
House: Fiscal Impact Statement from Department of Planning and Budget (HB1518)
Chief Patron:
Kelly Fowler (D)
Session:
2026 Regular Session
Summary
As Passed House of Origin. Department of Professional and Occupational Regulation; Virginia Residential Property Disclosure Act; comprehensive review of required disclosures; report.
Directs the Department of Professional and Occupational Regulation to convene a stakeholder advisory group to assist the Department in conducting a comprehensive review of (i) required disclosures for a buyer to beware, (ii) current methods for a buyer to receive a residential property disclosure statement, and (iii) the statutory language ... (More) related to residential property disclosure statements and the language used in such disclosure statements. The bill further directs the Department to develop recommendations based on such review and stakeholder input to improve efficiency, transparency, and the consumer experience while maintaining legal protections for all parties. The bill requires the Department to submit a written report of its findings and recommendations to the Chairs of the House Committee on General Laws and the Senate Committee on General Laws and Technology no later than October 1, 2026. This bill incorporates HB 477. (Less)-
Bill History
- 01/23/2026 - House: Presented and ordered printed 26106159D
- 01/23/2026 - House: Referred to Committee on General Laws
- 01/30/2026 - House: Fiscal Impact Statement from Department of Planning and Budget (HB1518)
- 02/02/2026 - House: Assigned HGL sub: Housing/Consumer Protection
- 02/11/2026 - House: Placed on General Laws Agenda
- 02/12/2026 - House: House subcommittee offered
- 02/12/2026 - House: Subcommittee recommends reporting with substitute (10-Y 0-N)
- 02/12/2026 - House: Placed on General Laws Agenda
- 02/12/2026 - House: Incorporates HB477 (Watts)
- 02/12/2026 - House: Reported from General Laws with substitute (21-Y 0-N)
- 02/12/2026 - House: Committee substitute printed 26107885D-H1
- 02/15/2026 - House: Read first time
- 02/16/2026 - House: Read second time
- 02/16/2026 - House: committee substitute agreed to
- 02/16/2026 - House: Engrossed by House - committee substitute
- 02/17/2026 - House: Read third time and passed House (97-Y 0-N 0-A)
- 02/18/2026 - Senate: Constitutional reading dispensed (on 1st reading)
- 02/18/2026 - Senate: Referred to Committee on General Laws and Technology
- 02/25/2026 - Senate: Assigned GL&T sub: Housing
- 02/25/2026 - Senate: Senate subcommittee offered
- 03/04/2026 - Senate: Reported from General Laws and Technology with substitute (15-Y 0-N)
- 03/05/2026 - Senate: Committee substitute printed 26108565D-S1
- 03/06/2026 - Senate: Rules suspended
- 03/06/2026 - Senate: Constitutional reading dispensed Block Vote (on 2nd reading) (39-Y 0-N 0-A)
- 03/06/2026 - Senate: Passed by for the day Block Vote (Voice Vote)
- 03/09/2026 - Senate: Read third time
- 03/09/2026 - Senate: Committee substitute agreed to (Voice Vote)
- 03/09/2026 - Senate: Engrossed by Senate - committee substitute
- 03/09/2026 - Senate: Passed Senate with substitute Block Vote (40-Y 0-N 0-A)
- 03/10/2026 - House: Senate substitute agreed to by House (95-Y 3-N 0-A)
- 03/11/2026 - House: Fiscal Impact Statement from Department of Planning and Budget (HB1518)
