Real Estate Settlement Agents

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This is Chapter 10 of the Code of Virginia, titled “Real Estate Settlement Agents.” It is part of Subtitle II “Real Estate Settlements and Recordation”, which is part of Title 55.1 “Property and Conveyances”.

It’s comprised of the following 19 sections.

§ 55.1-1000	Definitions
§ 55.1-1001	Limitation on applicability of chapter
§ 55.1-1002	Scope of chapter; lay real estate settlement agents
§ 55.1-1003	Persons who may act as a settlement agent
§ 55.1-1004	Duties of settlement agents
§ 55.1-1005	Persons prohibited from assisting or being employed by settlement agents
§ 55.1-1006	Choice of settlement agent
§ 55.1-1007	Disclosure
§ 55.1-1008	Conditions for providing escrow, closing, or settlement services and for maintaining escrow accounts
§ 55.1-1009	Falsifying settlement statements prohibited
§ 55.1-1009.1	Prohibition against payment or receipt of settlement services kickbacks, rebates, commissions, and other payments
§ 55.1-1010	Separate charge for reporting transactions limited
§ 55.1-1011	Record retention requirements
§ 55.1-1012	Regulations and orders
§ 55.1-1013	Accounting by title insurance companies
§ 55.1-1014	Settlement agent registration requirements and compliance with unauthorized practice of law guidelines; civil penalty
§ 55.1-1015	Penalties and liabilities
§ 55.1-1015.1	Civil penalties; attorney fees
§ 55.1-1016	Confidentiality of information obtained by the Commission