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Financial Services Law Insights and Observations

Virginia expands military service member housing protections

State Issues State Legislation Military Lending Virginia

State Issues

On July 1, the Virginia governor signed SB 1410, which, among other things, amends the state’s anti-discrimination statutes to prohibit discrimination in public accommodations, employment, and housing based on military status. The bill amends the Virginia Fair Housing Law to prohibit discrimination in the sale or rental of dwellings by any person or entity, and prohibit discrimination by “any person or other entity, including any lending institution, whose business includes engaging in residential real estate-related transactions.” The bill also provides that “the term ‘residential real estate-related transaction’ means any of the following: [t]he making or purchasing of loans or providing other financial assistance (i) for purchasing, constructing, improving, repairing, or maintaining a dwelling or (ii) secured by residential real estate; or [t]he selling, brokering, insuring, or appraising of residential real property.” The bill is effective immediately.

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