55-522 - Change in circumstances. - Virginia Statutes

§ 55-522. Change in circumstances.

If information disclosed in accordance with this chapter is subsequentlyrendered or discovered to be inaccurate as a result of any act, occurrence,information received, circumstance or agreement subsequent to the delivery ofthe required disclosures, the inaccuracy resulting therefrom does notconstitute a violation of this chapter. However, at or before settlement, theowner shall be required to disclose any material change in the disclosuresmade relative to the property or certify to the purchaser at settlement thatthe disclosures made relative to the property are substantially the same asit was when the disclosure form was provided. If, at the time the disclosuresare required to be made, an item of information required to be disclosed isunknown or not available to the owner, the owner may state that theinformation is unknown or may use an approximation of the information,provided the approximation is clearly identified as such, is reasonable, isbased on the actual knowledge of the owner, and is not used for the purposeof circumventing or evading this chapter.

(1992, c. 717; 2007, c. 265.)