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HB 2110

Resale Disclosure Act; resale certificate, prohibition on requiring purchaser's name.

2025 Regular Session Introduced by Marcus Simon

Virginia law now prohibits sellers from requiring purchaser names on resale certificates, streamlining real estate disclosure documentation effective July 1, 2025.

Acts of Assembly Chapter text (CHAP0247)
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Bill Summary · HB 2110

Legislative bill overview

HB 2110 modifies Virginia's resale disclosure requirements by prohibiting sellers from requiring a purchaser's name on the resale certificate during real estate transactions. The bill streamlines the disclosure process by removing this identifying information requirement while maintaining other disclosure obligations.

Why is this important

Real estate transactions involve significant financial commitments and require proper documentation. This change affects how buyer information is collected and recorded during the resale disclosure phase, potentially impacting title clarity, contract enforceability, and the documentation trail for property transfers. It takes effect July 1, 2025, giving stakeholders time to adjust procedures.

Potential points of contention

  • Title and legal clarity: Removing purchaser name requirements could create ambiguity in identifying who the actual buyer is on official disclosures, potentially complicating title searches and future ownership disputes
  • Consumer protection concerns: Purchaser identification on disclosure documents traditionally protects buyers by creating accountability; removing it may reduce transparency in the transaction chain
  • Administrative burden shift: While simplifying one requirement, it may push identification verification to other stages of the transaction, potentially creating inconsistencies in how and when buyer information is captured

Compiled from official sources — confirm details with the bill’s official record.

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