                                 CODE OF VIRGINIA

DISCRIMINATION IN RESIDENTIAL REAL ESTATE-RELATED TRANSACTIONS; UNLAWFUL
PRACTICES BY LENDERS, INSURERS, APPRAISERS, ETC.; DEPOSIT OF STATE FUNDS IN SUCH
INSTITUTIONS (§ 36-96.4)

A. It is unlawful for any person or other entity, including any lending
institution, whose business includes engaging in residential real estate-related
transactions to discriminate against any person in making available such a
transaction, or in the terms or conditions of such a transaction, or in the
manner of providing such a transaction, because of race, color, religion,
national origin, sex, elderliness, familial status, sexual orientation, gender
identity, military status, or disability. It is not unlawful, however, for any
person or other entity whose business includes engaging in residential real
estate transactions to require any applicant to qualify financially for the loan
or loans for which such person is making application.

B. As used in this section, the term &#8220;residential real estate-related
transaction&#8221; means any of the following:

   1. The making or purchasing of loans or providing other financial assistance
   (i) for purchasing, constructing, improving, repairing, or maintaining a
   dwelling or (ii) secured by residential real estate; or

   2. The selling, brokering, insuring, or appraising of residential real
   property. However, nothing in this chapter shall prohibit a person engaged in
   the business of furnishing appraisals of real property to take into
   consideration factors other than race, color, religion, national origin, sex,
   elderliness, familial status, sexual orientation, gender identity, military
   status, or disability.

C. It shall be unlawful for any state, county, city, or municipal treasurer or
governmental official whose responsibility it is to account for, to invest, or
manage public funds to deposit or cause to be deposited any public funds in any
lending institution provided for herein which is found to be committing
discriminatory practices, where such findings were upheld by any court of
competent jurisdiction. Upon such a court&#8217;s judicial enforcement of any
order to restrain a practice of such lending institution or for said institution
to cease or desist in a discriminatory practice, the appropriate fiscal officer
or treasurer of the Commonwealth or any political subdivision thereof which has
funds deposited in any lending institution which is practicing discrimination,
as set forth herein, shall take immediate steps to have the said funds withdrawn
and redeposited in another lending institution. If for reasons of sound economic
management, this action will result in a financial loss to the Commonwealth or
any of its political subdivisions, the action may be deferred for a period not
longer than one year. If the lending institution in question has corrected its
discriminatory practices, any prohibition set forth in this section shall not
apply.

HISTORY: 1972, c. 591, § 36-90; 1973, c. 358; 1989, c. 88; 1991, c. 557; 2020,
cc. 1137, 1140; 2021, Sp. Sess. I, cc. 477, 478.