In accordance with the provisions of § 15.2-979, the association shall be given notice whenever a lot becomes subject to a sale under a deed of trust. Upon receipt of such notice, the board of directors, on behalf of the association, shall exercise whatever due diligence it deems necessary with respect to the lot subject to a sale under a deed of trust to protect the interests of the association.
2015, cc. 93, 410, § 55-516.01; 2019, c. 712.
Structure Code of Virginia
Title 55.1 - Property and Conveyances
Chapter 18 - Property Owners' Association Act
§ 55.1-1803. Limitation on certain contracts and leases by declarant
§ 55.1-1804. Documents to be provided by declarant upon transfer of control
§ 55.1-1805. Association charges
§ 55.1-1807. Statement of lot owner rights
§ 55.1-1808. Contract disclosure statement; right of cancellation
§ 55.1-1809. Contents of association disclosure packet; delivery of packet
§ 55.1-1810. Fees for disclosure packet; professionally managed associations
§ 55.1-1811. Fees for disclosure packet; associations not professionally managed
§ 55.1-1812. Properties subject to more than one declaration
§ 55.1-1813. Requests by settlement agents
§ 55.1-1814. Exceptions to disclosure requirements
§ 55.1-1815. Access to association records; association meetings; notice
§ 55.1-1816. Meetings of the board of directors
§ 55.1-1817. Distribution of information by members
§ 55.1-1818. Common areas; notice of pesticide application
§ 55.1-1819. Adoption and enforcement of rules
§ 55.1-1819.1. Limitation of smoking in development
§ 55.1-1820.1. Installation of solar energy collection devices
§ 55.1-1821. Home-based businesses permitted; compliance with local ordinances
§ 55.1-1822. Use of for sale signs in connection with sale
§ 55.1-1823. Designation of authorized representative
§ 55.1-1823.1. Electric vehicle charging stations permitted
§ 55.1-1824. Assessments; late fees
§ 55.1-1825. Authority to levy special assessments
§ 55.1-1826. Annual budget; reserves for capital components
§ 55.1-1827. Deposit of funds; fidelity bond
§ 55.1-1828. Compliance with declaration
§ 55.1-1829. Amendment to declaration and bylaws; consent of mortgagee
§ 55.1-1830. Validity of declaration; corrective amendments
§ 55.1-1831. Reformation of declaration; judicial procedure
§ 55.1-1832. Use of technology
§ 55.1-1833. Lien for assessments
§ 55.1-1834. Notice of sale under deed of trust