Bill Text: VA HB2073 | 2013 | Regular Session | Chaptered

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Bill Title: Real estate brokers and salespersons; liability of false advertising and false information.

Spectrum: Partisan Bill (Republican 36-1)

Status: (Passed) 2013-03-18 - Governor: Acts of Assembly Chapter text (CHAP0499) [HB2073 Detail]

Download: Virginia-2013-HB2073-Chaptered.html

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CHAPTER 499 An Act to amend and reenact §54.1-2142.1 of the Code of Virginia, relating to liability of real estate brokers and salespersons; false advertising and false information. [H 2073] Approved March 18, 2013

 

Be it enacted by the General Assembly of Virginia:

1.  That §54.1-2142.1 of the Code of Virginia is amended and reenacted as follows:

§54.1-2142.1. Liability for false information.

For the purposes of §§ 54.1-2131 through 54.1-2135, a A licensee shall not be liable for providing false information if the information was (i) provided to the licensee by the licensee's client; (ii) obtained from a governmental entity; (iii) obtained from a nongovernmental person or entity that obtained the information from a governmental entity; or (iv) obtained from a person licensed, certified, or registered to provide professional services in the Commonwealth, upon which the licensee relies, and the licensee did not (a) have actual knowledge that the information was false or (b) act in reckless disregard of the truth. This includes any regulatory action brought under this chapter and any civil actions filed.