Section 54.1-2312.1 - Resale of interment right; conditions for resale transaction; contents of transfer form; approval by cemetery companyA. No person shall participate as a seller in more than four consummated resale transactions in any calendar year except as authorized by this section or § 54.1-2312.2.B. Unless exempted by subsection A, no resale transaction shall be valid unless: 1. The resale is at-need;2. The seller is (i) a funeral director, embalmer, establishment, or service licensed pursuant to Chapter 28 (§ 54.1-2800 et seq.) or (ii) a cemetery company licensed pursuant to this chapter;3. No more than one interment right is transferred by the transaction;4. Any merchandise, personal property, or service purchased in the original pre-need transaction is transferred with the interment right;5. The resale is approved, pursuant to subsection C, by the cemetery company that owns the cemetery in which the interment right exists; and6. The seller provides written notice to the buyer that the resale transaction is contingent upon (i) approval by the cemetery company that owns the cemetery in which the interment right exists, (ii) payment of the cemetery transfer fee, and (iii) compliance with the provisions of this section.C. A cemetery company shall approve a resale transaction upon receipt of a valid transfer form that has been acknowledged by the buyer as required by subsection D 6, a reasonable cemetery transfer fee to be set by the cemetery company, and a copy of the bill of sale or other document confirming the resale, provided such approval is consistent with the current rules and regulations of the cemetery company.D. The transfer form shall be provided by the seller to the buyer at the time of the resale and shall be valid only when signed by the seller, buyer, and cemetery company. At a minimum, the transfer form shall contain the following information: 1. The name and address of each seller and buyer;2. The valid license number of each seller under Chapter 28 (§ 54.1-2800 et seq.) or under this chapter;3. A complete description of the location of the property for which the interment right is being sold;4. A clear disclosure of the cemetery transfer fee;5. The name, address, and telephone number of the Board and a statement that the Board is the regulatory agency that handles consumer complaints; and6. An acknowledgement that the buyer has read, understands, and agrees to abide by the current rules and regulations of the cemetery and its current general price list, as applicable. The information required to be included in the transfer form by subdivisions 1 through 5 shall be provided by the seller.
E. In the event a resale is not approved by the cemetery company under this section, the resale transaction shall be void and within 30 days the seller shall refund to the buyer any and all moneys paid pursuant to the transaction and the buyer shall return to the seller any merchandise or personal property that was transferred to the buyer by the seller as a part of the resale. 2011, c. 792; 2013, c. 395.Amended by Acts 2013 c. 395, § 1, eff. 7/1/2013.