                                 CODE OF VIRGINIA

RESALE CERTIFICATE; DELIVERY (§ 55.1-2309)

A. The seller or the seller&#8217;s agent shall obtain the resale certificate
from the association and provide such resale certificate to the purchaser or the
purchaser&#8217;s agent. This requirement shall not be waived or changed by
agreement.

B. Unless exempt pursuant to &#xA7; 55.1-2317, the association, the
association&#8217;s managing agent, or any third party preparing the resale
certificate on behalf of the association shall deliver such resale certificate
within 14 days after a written request by a seller or seller&#8217;s agent. If
no resale certificate is delivered within 14 days after such request, the resale
certificate shall be deemed unavailable. No association shall require the seller
or the seller&#8217;s agent to provide the purchaser&#8217;s name prior to
preparing the resale certificate.

C. The association, association&#8217;s managing agent, or any third party
preparing the resale certificate on behalf of the association shall deliver the
resale certificate to the seller, or to such person as the seller may direct,
either printed or in a generally accepted electronic format as the seller may
request.

D. The information contained in the resale certificate shall be current as of a
date specified on the resale certificate. The seller or purchaser may request an
updated resale certificate as provided in &#xA7; 55.1-2311.

HISTORY: 2023, cc. 388, 387; 2024, cc. 54, 511; 2025, c. 247.