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HB 1518 VA
Became Law

Buyer to beware; Va. Housing Commission to review existing required disclosures, etc.

VA · session 2026 · Assembly / House · bill

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Introduced Jan 23, 2026

Latest action (Apr 13, 2026) Approved by Governor-Chapter 871 (effective 7/1/2026)

Summary

Virginia Housing Commission; Virginia Residential Property Disclosure Act; comprehensive review of required disclosures; report. Directs the Virginia Housing Commission to convene a stakeholder advisory group to assist the Commission 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 related to residential property disclosure statements and the language used in such disclosure statements. The bill further directs the Commission 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 Commission 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.

Sponsor (1)

Action history (37)

  1. Jan 23, 2026 Presented and ordered printed 26106159D · lower
  2. Jan 23, 2026 Referred to Committee on General Laws · lower
  3. Jan 30, 2026 Fiscal Impact Statement from Department of Planning and Budget (HB1518) · lower
  4. Feb 2, 2026 Assigned HGL sub: Housing/Consumer Protection · lower
  5. Feb 12, 2026 House subcommittee offered · lower
  6. Feb 12, 2026 Subcommittee recommends reporting with substitute (10-Y 0-N) · lower
  7. Feb 12, 2026 Incorporates HB477 (Watts) · lower
  8. Feb 12, 2026 Reported from General Laws with substitute (21-Y 0-N) · lower
  9. Feb 12, 2026 Committee substitute printed 26107885D-H1 · lower
  10. Feb 15, 2026 Read first time · lower
  11. Feb 16, 2026 Read second time · lower
  12. Feb 16, 2026 committee substitute agreed to · lower
  13. Feb 16, 2026 Engrossed by House - committee substitute · lower
  14. Feb 17, 2026 Read third time and passed House (97-Y 0-N 0-A) · lower
  15. Feb 18, 2026 Constitutional reading dispensed (on 1st reading) · upper
  16. Feb 18, 2026 Referred to Committee on General Laws and Technology · upper
  17. Feb 25, 2026 Assigned GL&T sub: Housing · upper
  18. Feb 25, 2026 Senate subcommittee offered · upper
  19. Mar 4, 2026 Reported from General Laws and Technology with substitute (15-Y 0-N) · upper
  20. Mar 5, 2026 Committee substitute printed 26108565D-S1 · upper
  21. Mar 6, 2026 Rules suspended · upper
  22. Mar 6, 2026 Constitutional reading dispensed Block Vote (on 2nd reading) (39-Y 0-N 0-A) · upper
  23. Mar 6, 2026 Passed by for the day Block Vote (Voice Vote) · upper
  24. Mar 9, 2026 Read third time · upper
  25. Mar 9, 2026 Committee substitute agreed to (Voice Vote) · upper
  26. Mar 9, 2026 Engrossed by Senate - committee substitute · upper
  27. Mar 9, 2026 Passed Senate with substitute Block Vote (40-Y 0-N 0-A) · upper
  28. Mar 10, 2026 Senate substitute agreed to by House (95-Y 3-N 0-A) · lower
  29. Mar 11, 2026 Fiscal Impact Statement from Department of Planning and Budget (HB1518) · lower
  30. Mar 30, 2026 Enrolled · lower
  31. Mar 30, 2026 Bill text as passed House and Senate (HB1518ER) · lower
  32. Mar 30, 2026 Signed by President · upper
  33. Mar 31, 2026 Signed by Speaker · lower
  34. Mar 31, 2026 Enrolled Bill communicated to Governor on March 31, 2026 · lower
  35. Mar 31, 2026 Governor's Action Deadline 11:59 p.m., April 13, 2026 · executive
  36. Apr 1, 2026 Fiscal Impact Statement from Department of Planning and Budget (HB1518) · lower
  37. Apr 13, 2026 Approved by Governor-Chapter 871 (effective 7/1/2026) · executive

Text versions (14)

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

  • Enrolled · PDF
  • Enrolled · HTML
  • General Laws and Technology Substitute · PDF
  • General Laws and Technology Substitute · HTML
  • General Laws and Technology Substitute · PDF
  • General Laws and Technology Substitute · HTML
  • General Laws Substitute · PDF
  • General Laws Substitute · HTML
  • General Laws Substitute · PDF
  • General Laws Substitute · HTML
  • Housing/Consumer Protection Subcommittee Substitute · PDF
  • Housing/Consumer Protection Subcommittee Substitute · HTML
  • Introduced · PDF
  • Introduced · HTML

Full text

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