• Public Comment Notice

    Disclosure Notices Under Revision

    The Common Interest Community Board wants to hear from you! 

     

    The Property Owners’ Association Act (Virginia Code § 55-508 et seq.) requires that associations provide purchasers in a property owners’ association community with an association disclosure packet. As part of the disclosure packet, associations must include a disclosure packet notice to prospective purchasers which is developed by the Common Interest Community Board (“the Board”). The Code of Virginia requires that the notice “. . . shall summarize the unique characteristics of property owners’ associations generally and shall make known to prospective purchasers the unusual and material circumstances affecting a lot owner in property owners’ association. . .”

    As a result of legislation passed during the 2018 General Assembly Session (HB 923) and signed into law by the Governor, the disclosure requirements for the notice will change effective July 1, 2018. In addition, HB 923 requires the Board to develop a similar notice to accompany condominium resale certificates required by the Condominium Act (Va. Code § 55-79.39 et seq.).

    At its meeting on March 15, 2018, the Board discussed proposed amendments to the Property Owners’ Association Act Disclosure Packet Notice and a new proposed Condominium Unit Owners’ Association Resale Certificate Notice. The Board voted to make the proposed notices available for review and public comment. 

    The proposed revised disclosure notice and new proposed resale certificate notice, along with any public comments received, will be reviewed by the Board at its next meeting on June 7, 2018.

    If you would like to submit comments on the proposed revised disclosure notice or the new proposed resale certificate notice, please do so no later than 5:00 p.m. on Monday, May 28, 2018. You may submit comments to the attention of the Board’s Administrator, Joseph C. Haughwout, Jr., via email to CIC@dpor.virginia.gov, by fax to 866-490-2723, or by mail to:

    Joseph C. Haughwout, Jr., Board Administrator
    Common Interest Community Board
    Department of Professional and Occupational Regulation
    9960 Mayland Drive, Suite 400
    Richmond, Virginia 23233-1485

    In addition, comments may be received through the Board’s general notice posted on the Virginia Regulatory Town Hall website.