                                 CODE OF VIRGINIA

WHEN AN AFFIDAVIT OR A SIGNED STATEMENT OF PAYMENT REQUIRED OF OWNER PRIOR TO
SALE (§ 43-13.2)

A person who is both the owner of a one- or two-family residential dwelling unit
and either a developer of such property, a contractor in connection with the
development or improvement of such property or a contractor or subcontractor
furnishing labor or material in connection with the development or improvement
of such property shall, at the time of settlement on the sale of such property,
provide the purchaser with an affidavit or a signed statement attested to by a
witness stating either (i) that all persons performing labor or furnishing
materials in connection with the improvements on such property and with whom
such owner is in privity of contract have been paid in full or (ii) the name,
address and amount payable or claimed to be payable to any person so performing
labor or furnishing materials and with whom such owner is in privity of
contract. Willful failure to provide such statement or any willful material
misrepresentation with respect to such a statement which causes a monetary loss
to a financial institution, title company, contractor, subcontractor, supplier,
owner, mechanics&#8217; lien agent or any other person or institution shall be
punishable as a Class 5 felony.

HISTORY: 1992, cc. 779, 787; 2003, c. 400.