Chapter 10 Real Estate Settlement Agents
This chapter is comprised of the following sections:
- §55.1-1000 Definitions
- §55.1-1001 Limitation on applicability of chapter
- §55.1-1002 Scope of chapter; lay real estate settlement agents
- §55.1-1003 Persons who may act as a settlement agent
- §55.1-1004 Duties of settlement agents
- §55.1-1005 Persons prohibited from assisting or being employed by settlement agents
- §55.1-1006 Choice of settlement agent
- §55.1-1007 Disclosure
- §55.1-1008 Conditions for providing escrow, closing, or settlement services and for maintaining escrow accounts
- §55.1-1009 Falsifying settlement statements prohibited
- §55.1-1009.1 Prohibition against payment or receipt of settlement services kickbacks, rebates, commissions, and other payments
- §55.1-1010 Separate charge for reporting transactions limited
- §55.1-1011 Record retention requirements
- §55.1-1012 Regulations and orders
- §55.1-1013 Accounting by title insurance companies
- §55.1-1014 Settlement agent registration requirements and compliance with unauthorized practice of law guidelines; civil penalty
- §55.1-1015 Penalties and liabilities
- §55.1-1015.1 Civil penalties; attorney fees
- §55.1-1016 Confidentiality of information obtained by the Commission