If information disclosed in accordance with this chapter is subsequently rendered or discovered to be inaccurate as a result of any act, occurrence, information received, circumstance, or agreement subsequent to the delivery of the required disclosures, the inaccuracy resulting therefrom does not constitute a violation of this chapter. However, at or before settlement, the owner shall be required to disclose any material change in the disclosures made relative to the property. If, at the time the disclosures are required to be made, an item of information required to be disclosed is unknown or not available to the owner, the owner may state that the information is unknown or may use an approximation of the information, provided that the approximation is clearly identified as such, is reasonable, is based on the actual knowledge of the owner, and is not used for the purpose of circumventing or evading this chapter.
1992, c. 717, § 55-522; 2007, c. 265; 2014, c. 386; 2019, c. 712.
Structure Code of Virginia
Title 55.1 - Property and Conveyances
Chapter 7 - Virginia Residential Property Disclosure Act
§ 55.1-703. Required disclosures for buyer to beware; buyer to exercise necessary due diligence
§ 55.1-704. Required disclosures pertaining to a military air installation
§ 55.1-706. Required disclosures; pending building or zoning violations
§ 55.1-706.1. Required disclosures; lis pendens
§ 55.1-707. Permissive disclosure; tourism activity zone
§ 55.1-708. Required disclosures; property previously used to manufacture methamphetamine
§ 55.1-708.1. Required disclosures; stormwater management facilities
§ 55.1-708.2. Required disclosures pertaining to repetitive loss
§ 55.1-709. Time for disclosure; termination of contract
§ 55.1-711. Change in circumstances
§ 55.1-712. Duties of real estate licensees
§ 55.1-713. Actions under this chapter
§ 55.1-714. Real Estate Board to develop form; when effective