Code of Virginia § 55.1-1013. Accounting by title insurance companies.
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/va/title-55-1/chapter-10/55-1-1013A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A title insurance company domiciled in the Commonwealth or acting in the capacity of a settlement agent pursuant to this chapter shall account for funds held and income derived from escrow, closing, or settlement services in accordance with the applicable instructions of, and the accounting practices and procedures manuals adopted by, the Association when filing the annual statements and reports required under Chapter 13 (§ 38.2-1300 et seq.) of Title 38.2.
1997, c. 716 , § 6.1-2.25; 2004, cc. 336 , 597 ; 2010, c. 794 , § 55-525.29; 2019, c. 712 .