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Current as of January 01, 2025 | Updated by Findlaw Staff
Any person who is the owner of a one- or two-family residential dwelling unit not included within the scope of § 43-13.2 shall, at the time of settlement on the sale of such property, provide the purchaser, or lender in the case of a permanent loan or refinance, with an affidavit or a signed statement attested to by a witness stating either (i) that all persons performing labor or furnishing materials in connection with any improvements on such property within 120 days prior to the date of settlement and with whom such owner is in privity of contract have been paid in full, or (ii) the name, address and amount payable or claimed to be payable to any person so performing labor or furnishing materials and with whom such owner is in privity of contract. Any willful material misrepresentation in the affidavit or signed statement attested to by a witness which causes a monetary loss to any financial institution, title company, or purchaser shall be punishable as a Class 3 misdemeanor.
Cite this article: FindLaw.com - Virginia Code Title 43. Mechanics' and Certain Other Liens § 43-13.3. An affidavit or a signed statement of payment required of owner prior to sale or refinance; penalty - last updated January 01, 2025 | https://codes.findlaw.com/va/title-43-mechanics-and-certain-other-liens/va-code-sect-43-13-3/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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