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Code of Virginia

Chapter 10

Va. Code Ann. tit. 55.1, ch. 10

Real Estate Settlement Agents

55.1-1000Definitions 55.1-1001Limitation on applicability of chapter 55.1-1002Scope of chapter; lay real estate settlement agents 55.1-1003Persons who may act as a settlement agent 55.1-1004Duties of settlement agents 55.1-1005Persons prohibited from assisting or being employed by settlement agents 55.1-1006Choice of settlement agent 55.1-1007Disclosure 55.1-1008Conditions for providing escrow, closing, or settlement services and for maintaining escrow accounts 55.1-1008.1(Effective January 1, 2027) Requirements when providing escrow, closing, or settlement services for real estate in land-use program; civil penalty 55.1-1009Falsifying settlement statements prohibited 55.1-1009.1Prohibition against payment or receipt of settlement services kickbacks, rebates, commissions, and other payments 55.1-1010Separate charge for reporting transactions limited 55.1-1011Record retention requirements 55.1-1012Regulations and orders 55.1-1013Accounting by title insurance companies 55.1-1014Settlement agent registration requirements and compliance with unauthorized practice of law guidelines; civil penalty 55.1-1015Penalties and liabilities 55.1-1015.1Civil penalties; attorney fees 55.1-1016Confidentiality of information obtained by the Commission