Real Estate Settlement Agents
This is Chapter 27.3 of the Code of Virginia, titled “Real Estate Settlement Agents.” It is part of Title 55, titled “Property And Conveyances.” It’s comprised of the following 17 sections.
- § 55-525.16
- Definitions
- § 55-525.17
- Limitation on applicability of chapter
- § 55-525.18
- Scope of chapter; lay real estate settlement agents
- § 55-525.19
- Persons who may act as a settlement agent
- § 55-525.20
- Duties of settlement agents
- § 55-525.21
- Persons prohibited from assisting or being employed by settlement agents
- § 55-525.22
- Choice of settlement agent
- § 55-525.23
- Disclosure
- § 55-525.24
- Conditions for providing escrow, closing, or settlement services and for maintaining escrow accounts
- § 55-525.25
- Falsifying settlement statements prohibited
- § 55-525.26
- Separate charge for reporting transactions limited
- § 55-525.27
- Record retention requirements
- § 55-525.28
- Regulations and orders
- § 55-525.29
- Accounting by title insurance companies
- § 55-525.30
- Settlement agent registration requirements and compliance with unauthorized practice of law guidelines
- § 55-525.31
- Penalties and liabilities
- § 55-525.32
- Confidentiality of information obtained by the Commission