10 Questions
According to HB 2184, when can a settlement agent release judgement liens on property?
All of the above
According to HB 2184, what is the maximum amount for judgments that can be covered by the bill?
$25,000
According to HB 1888, what type of fees may a settlement agent not collect from a represented seller without written consent?
All of the above
According to HB 1888, when must a settlement agent obtain written consent to collect fees from a represented seller?
When the seller is represented by an attorney
Which bill allows a settlement agent to release judgment liens when the lien creditor cannot be located?
HB 2184
Which bill covers judgment liens older than three years?
HB 2184
According to HB 2184, what is the process for releasing a judgment lien when the lien creditor does not provide payoff information?
The settlement agent can release the judgment lien
According to HB 1888, what must a settlement agent do before collecting fees from a represented seller?
Obtain written consent from the seller's counsel
According to HB 1888, what fees are the settlement agent prohibited from collecting without written consent?
All of the above
Which bill adds language to the Virginia Real Estate Settlement Act regarding settlement fees?
HB 1888
Quiz: Understanding the New Resale Certificate Requirement for Contracts Ratified after July 1, 2023 Test your knowledge on the new resale certificate provision and its impact on contracts ratified after July 1, 2023. Learn about the requirements sellers need to meet and how it affects the validity of contracts.
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