{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/55.1-906.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/55.1-906.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/55.1-906.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/55.1-906.html"}],"law_id":56898,"edition_id":1,"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","history":"2008, c. 400, \u00a7 6.1-2.13:3; 2010, c. 794, \u00a7 55-525.14; 2016, c. 619; 2019, c. 712.","full_text":"Any lender providing a loan secured by a first deed of trust or mortgage on real estate containing not more than four residential dwelling units shall disclose on the settlement statement or closing disclosure, as those terms are defined in \u00a7 55.1-1000, any fee charged to the borrower for an appraisal, as that term is defined in \u00a7 54.1-2009, and any fee charged to the borrower for a valuation or opinion of value of the property prepared using an automated or other mechanism prepared by a person who is not licensed as an appraiser under Chapter 20.1 (\u00a7 54.1-2009 et seq.) of Title 54.1.","order_by":null,"text":{"0":{"id":208417,"text":"Any lender providing a loan secured by a first deed of trust or mortgage on real estate containing not more than four residential dwelling units shall disclose on the settlement statement or closing disclosure, as those terms are defined in \u00a7 55.1-1000, any fee charged to the borrower for an appraisal, as that term is defined in \u00a7 54.1-2009, and any fee charged to the borrower for a valuation or opinion of value of the property prepared using an automated or other mechanism prepared by a person who is not licensed as an appraiser under Chapter 20.1 (\u00a7 54.1-2009 et seq.) of Title 54.1.","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":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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/55.1-906\/","history_text":"

This law was first created in 2008. The record of its establishment is cataloged in chapter 400<\/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 2016, chapter 619<\/a>; in 2019, chapter 712<\/a>.<\/p>","references":false,"refers_to":[{"id":87406,"section_number":"54.1-2009","catch_line":"Definitions","order_by":null,"url":"\/54.1-2009\/"},{"id":80642,"section_number":"55.1-1000","catch_line":"Definitions","order_by":null,"url":"\/55.1-1000\/"}],"permalink":{"id":245875,"object_type":"law","relational_id":56898,"identifier":"55.1-906","token":"55.1\/II\/9\/55.1-906","url":"\/55.1-906\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/55.1-906\/","token":"55.1\/II\/9\/55.1-906","dublin_core":{"Title":"Disclosure of charges for appraisal or valuation using automated or other valuation mechanism","Type":"Text","Format":"text\/html","Identifier":"\u00a7 55.1-906","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Any lender<\/span> providing a loan secured by a first deed of trust or mortgage on real estate containing not more than four residential dwelling units shall disclose on the settlement<\/span> statement or closing disclosure, as those terms are defined in \u00a7 55.1-1000<\/a>, any fee charged to the borrower for an appraisal, as that term is defined in \u00a7 54.1-2009<\/a>, and any fee charged to the borrower for a valuation or opinion<\/span> of value of the property prepared using an automated or other mechanism prepared by a person who is not licensed as an appraiser under Chapter 20.1 (\u00a7 54.1-2009<\/a> et seq.) of Title 54.1.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDISCLOSURE OF CHARGES FOR APPRAISAL OR VALUATION USING AUTOMATED OR OTHER\nVALUATION MECHANISM (\u00a7 55.1-906)\n\nAny lender providing a loan secured by a first deed of trust or mortgage on real\nestate containing not more than four residential dwelling units shall disclose\non the settlement statement or closing disclosure, as those terms are defined in\n\u00a7 55.1-1000, any fee charged to the borrower for an appraisal, as that term is\ndefined in \u00a7 54.1-2009, and any fee charged to the borrower for a valuation or\nopinion of value of the property prepared using an automated or other mechanism\nprepared by a person who is not licensed as an appraiser under Chapter 20.1 (\u00a7\n54.1-2009 et seq.) of Title 54.1.\n\nHISTORY: 2008, c. 400, \u00a7 6.1-2.13:3; 2010, c. 794, \u00a7 55-525.14; 2016, c. 619;\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}}