HB 765: Rental home marketplace guarantees; transactions involving advertisement, sale, etc., penalty.

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

Rental home marketplace guarantees; penalty. Provides for the regulation of rental home marketplace guarantees, defined in the bill, by the Commissioner of Agriculture and Consumer Services. The bill establishes requirements for the registration of rental home marketplace guarantee providers, authorizes the Board of Agriculture and Consumer Services to prescribe regulations, and authorizes the Commissioner to investigate violations. The bill includes requirements for the production of records, insurance, and consumer disclosures. The bill provides that rental home marketplace guarantees are not insurance. The bill adds transactions involving the advertisement, sale, lease, or license of rental home marketplace guarantees to the definition of a consumer transaction for the purpose of the Virginia Consumer Protection Act. A seller who knowingly and willfully violates the requirements of the bill is in violation of such Act and is guilty of a Class 3 misdemeanor. The bill's registration requirements have a delayed effective date of January 1, 2027. The Board is required to promulgate its initial implementing regulations by January 1, 2027. The bill provides that any rental home marketplace guarantees issued prior to January 1, 2027, are subject to oversight of the Commissioner.

Sponsors

Sponsors by party (alphabetical): Democratic 1

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

1. March 9, 2026Stricken at request of Patron in Commerce and Labor (11-Y 0-N)
2. February 25, 2026Rereferred from General Laws and Technology to Commerce and Labor (14-Y 0-N)
3. February 23, 2026Fiscal Impact Statement from Department of Planning and Budget (HB765)
4. February 18, 2026Referred to Committee on General Laws and Technology
5. February 18, 2026Constitutional reading dispensed (on 1st reading)
6. February 17, 2026Read third time and passed House (73-Y 22-N 0-A)
7. February 16, 2026Engrossed by House - floor substitute
8. February 16, 2026Delegate Hayes Floor substitute agreed to
9. February 16, 2026committee amendments rejected
10. February 16, 2026Read second time
11. February 16, 2026Floor substitute printed 26107978D-H1 (Hayes)
12. February 16, 2026Floor offered Delegate Hayes Substitute

Showing 12 most recent of 23 actions. Full history