{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/55.1-905.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/55.1-905.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/55.1-905.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/55.1-905.html"}],"law_id":74930,"edition_id":1,"section_id":74930,"structure_id":14903,"section_number":"55.1-905","catch_line":"Disclosure of affiliated business by settlement service providers","history":"1999, c. 688, \u00a7 6.1-2.13:2; 2010, c. 794, \u00a7 55-525.13; 2011, c. 82; 2019, c. 712.","full_text":"Any person making a referral to an affiliated settlement service provider shall disclose the affiliation in accordance with the federal Real Estate Settlement Procedures Act (12 U.S.C. \u00a7 2601 et seq.). Such disclosure shall be provided regardless of the amount of the person’s actual ownership interest in the affiliated provider. However, if the person’s ownership interest is one percent or less of the capital stock of a corporation or entity with a class of securities registered under the federal Securities Exchange Act of 1934 (15 U.S.C. \u00a7 78a et seq.), the disclosure shall not be required. If the person’s ownership interest is greater than one percent, then the disclosure shall include the percentage of ownership, or, if the person making the referral owns more than 50 percent of the affiliated business, the disclosure shall state that the settlement service provider is a subsidiary of the person making the referral.","order_by":null,"text":{"0":{"id":269208,"text":"Any person making a referral to an affiliated settlement service provider shall disclose the affiliation in accordance with the federal Real Estate Settlement Procedures Act (12 U.S.C. \u00a7 2601 et seq.). Such disclosure shall be provided regardless of the amount of the person’s actual ownership interest in the affiliated provider. However, if the person’s ownership interest is one percent or less of the capital stock of a corporation or entity with a class of securities registered under the federal Securities Exchange Act of 1934 (15 U.S.C. \u00a7 78a et seq.), the disclosure shall not be required. If the person’s ownership interest is greater than one percent, then the disclosure shall include the percentage of ownership, or, if the person making the referral owns more than 50 percent of the affiliated business, the disclosure shall state that the settlement service provider is a subsidiary of the person making the referral.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":14903,"edition_id":1,"name":"Real Estate Settlements","identifier":"9","label":"chapter","depth":3,"order_by":1,"parent_id":13524,"metadata":{},"date_created":"2026-06-26 03:50:41","date_modified":"2026-06-26 03:50:41","permalink":{"id":245849,"object_type":"structure","relational_id":14903,"identifier":"9","token":"55.1\/II\/9","url":"\/55.1\/II\/9\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13524,"edition_id":1,"name":"Real Estate Settlements and Recordation","identifier":"II","label":"subtitle","depth":2,"order_by":1,"parent_id":12707,"metadata":{},"date_created":"2026-06-26 03:45:07","date_modified":"2026-06-26 03:45:07","permalink":{"id":245369,"object_type":"structure","relational_id":13524,"identifier":"II","token":"55.1\/II","url":"\/55.1\/II\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12707,"edition_id":1,"name":"Property and Conveyances","identifier":"55.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":244769,"object_type":"structure","relational_id":12707,"identifier":"55.1","token":"55.1","url":"\/55.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":79247,"structure_id":14903,"section_number":"55.1-900","catch_line":"Definitions","url":"\/55.1-900\/","token":"55.1\/II\/9\/55.1-900","metadata":false},{"id":84919,"structure_id":14903,"section_number":"55.1-901","catch_line":"Applicability; effect of noncompliance","url":"\/55.1-901\/","token":"55.1\/II\/9\/55.1-901","metadata":false},{"id":63887,"structure_id":14903,"section_number":"55.1-902","catch_line":"Duty of lender","url":"\/55.1-902\/","token":"55.1\/II\/9\/55.1-902","metadata":false},{"id":67904,"structure_id":14903,"section_number":"55.1-903","catch_line":"Duty of settlement agent","url":"\/55.1-903\/","token":"55.1\/II\/9\/55.1-903","metadata":false},{"id":62791,"structure_id":14903,"section_number":"55.1-904","catch_line":"Repealed","url":"\/55.1-904\/","token":"55.1\/II\/9\/55.1-904","metadata":false},{"id":74930,"structure_id":14903,"section_number":"55.1-905","catch_line":"Disclosure of affiliated business by settlement service providers","url":"\/55.1-905\/","token":"55.1\/II\/9\/55.1-905","metadata":false},{"id":56898,"structure_id":14903,"section_number":"55.1-906","catch_line":"Disclosure of charges for appraisal or valuation using automated or other valuation mechanism","url":"\/55.1-906\/","token":"55.1\/II\/9\/55.1-906","metadata":false},{"id":81795,"structure_id":14903,"section_number":"55.1-907","catch_line":"Penalty","url":"\/55.1-907\/","token":"55.1\/II\/9\/55.1-907","metadata":false}],"previous_section":{"id":62791,"structure_id":14903,"section_number":"55.1-904","catch_line":"Repealed","url":"\/55.1-904\/","token":"55.1\/II\/9\/55.1-904","metadata":false},"next_section":{"id":56898,"structure_id":14903,"section_number":"55.1-906","catch_line":"Disclosure of charges for appraisal or valuation using automated or other valuation mechanism","url":"\/55.1-906\/","token":"55.1\/II\/9\/55.1-906","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/55.1-905\/","history_text":"

This law was first created in 1999. The record of its establishment is cataloged in chapter 688<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. It has been modified 3 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 2010, chapter 794<\/a>; in 2011, chapter 82<\/a>; in 2019, chapter 712<\/a>.<\/p>","references":[{"id":72074,"section_number":"55.1-1009.1","catch_line":"Prohibition against payment or receipt of settlement services kickbacks, rebates, commissions, and other payments","order_by":null,"url":"\/55.1-1009.1\/"}],"refers_to":false,"permalink":{"id":245871,"object_type":"law","relational_id":74930,"identifier":"55.1-905","token":"55.1\/II\/9\/55.1-905","url":"\/55.1-905\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/55.1-905\/","token":"55.1\/II\/9\/55.1-905","dublin_core":{"Title":"Disclosure of affiliated business by settlement service providers","Type":"Text","Format":"text\/html","Identifier":"\u00a7 55.1-905","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Any person making a referral to an affiliated settlement service provider<\/span> shall disclose the affiliation in accordance with the federal Real Estate Settlement Procedures Act (12 U.S.C. \u00a7 2601 et seq.). Such disclosure shall be provided regardless of the amount of the person’s actual ownership interest in the affiliated provider. However, if the person’s ownership interest is one percent or less of the capital stock of a corporation or entity with a class of securities registered under the federal Securities Exchange Act of 1934 (15 U.S.C. \u00a7 78a et seq.), the disclosure shall not be required. If the person’s ownership interest is greater than one percent, then the disclosure shall include the percentage of ownership, or, if the person making the referral owns more than 50 percent of the affiliated business, the disclosure shall state that the settlement service provider<\/span> is a subsidiary of the person making the referral.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDISCLOSURE OF AFFILIATED BUSINESS BY SETTLEMENT SERVICE PROVIDERS (\u00a7 55.1-905)\n\nAny person making a referral to an affiliated settlement service provider shall\ndisclose the affiliation in accordance with the federal Real Estate Settlement\nProcedures Act (12 U.S.C. \u00a7 2601 et seq.). Such disclosure shall be provided\nregardless of the amount of the person’s actual ownership interest in the\naffiliated provider. However, if the person’s ownership interest is one\npercent or less of the capital stock of a corporation or entity with a class of\nsecurities registered under the federal Securities Exchange Act of 1934 (15\nU.S.C. \u00a7 78a et seq.), the disclosure shall not be required. If the\nperson’s ownership interest is greater than one percent, then the\ndisclosure shall include the percentage of ownership, or, if the person making\nthe referral owns more than 50 percent of the affiliated business, the\ndisclosure shall state that the settlement service provider is a subsidiary of\nthe person making the referral.\n\nHISTORY: 1999, c. 688, \u00a7 6.1-2.13:2; 2010, c. 794, \u00a7 55-525.13; 2011, c. 82;\n2019, c. 712.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}