Virginia · 2026 Regular Session · Bill
SB 547: Single-Family Homebuyer Protection Act; established, civil penalty.
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
SB 547 is a bill introduced in the Virginia Senate on January 14, 2026. According to its official title, it concerns: Single-Family Homebuyer Protection Act; established, civil penalty. Primary sponsor: Glen Sturtevant (Republican). Most recent recorded action (February 4, 2026): Passed by indefinitely in General Laws and Technology (9-Y 6-N).
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
Single-Family Homebuyer Protection Act established; civil penalty. Establishes the Single-Family Homebuyer Protection Act for the purpose of prohibiting a covered entity from acquiring an interest in more than five single-family homes within the same county, city, or town in the Commonwealth on or after July 1, 2026. The bill provides that no seller of a single-family home shall enter into an agreement with a covered entity for acquisition of such home before publicly marketing such home to natural persons residing in the Commonwealth and first-time homebuyers for at least 10 calendar days. The bill allows the Department of Housing and Community Development to publish aggregated information using existing data, including (i) the number and percentage of single-family homes owned by covered entities, broken down by locality, zip code, and census tract, and (ii) identified trends in the concentration of covered entity interests in single-family homes. The bill allows the Attorney General to seek an injunction and a civil penalty to restrain any violation of its provisions.
Sponsors
Sponsors by party (alphabetical): Republican 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Glen Sturtevant | Primary sponsor | Republican | Senate | 12 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Passed by indefinitely in General Laws and Technology (9-Y 6-N)
- Fiscal Impact Statement from Department of Planning and Budget (SB547)
- Assigned GL&T sub: Housing
- Referred to Committee on General Laws and Technology
- Prefiled and ordered printed; Offered 01-14-2026 26105174D