Virginia provides protections from lien enforcement against primary residences
Effective July 1, HB 880 bars real estate lien enforcement on primary residences under $25K and mandates recordkeeping for common interest community associations.
Effective July 1, HB 880 bars real estate lien enforcement on primary residences under $25K and mandates recordkeeping for common interest community associations.
Among other things, the changes remove certain disclosures for commercial financing transactions, including those for open-end credit plans after disbursing funds.
The changes amend class action lawsuits and clarify provisions related to “targeted solicitations” involving financial information.
The changes go into effect May 1 and add a disclosure requirement when a credit services organization provides a credit report to a consumer.
Learn more about this topic and others in the NMLS Resource Center.
Learn more about this topic and others in the NMLS Resource Center.