                                 CODE OF VIRGINIA

LIABILITY FOR RESALE CERTIFICATE (§ 55.1-2313)

A. A seller providing a resale certificate pursuant to &#xA7; 55.1-2310 or
55.1-2311 shall not be liable to the purchaser for any erroneous information
provided by the association and included in the certificate or for the failure
or delay of the association to provide the resale certificate in a timely
manner.

B. A purchaser shall not be liable for any unpaid assessment or fee greater than
the amount set forth in the resale certificate, updated resale certificate, or
financial update. The association shall, as to the purchaser, be bound by the
information provided in the resale certificate or updated resale certificate as
to the amounts of current assessments, including any approved special or
additional assessments, and any violation of the governing documents or rules
and regulations as of the date of the resale certificate, updated resale
certificate, or financial update unless the purchaser had actual knowledge that
the contents of the resale certificate were in error.

HISTORY: 2023, cc. 387, 388.