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Virginia Administrative Code
Title 18. Professional and Occupational Licensing
Agency 48. Common Interest Community Board
5/22/2017

Chapter 45. Time-Share RegulationsRead Chapter

Section 10
(Reserved)
Section 20
Definitions
Section 30
Explanation of terms
Section 40
Time-share projects located outside of Virginia
Section 50
Application porcedures
Section 60
Review of application for registration, generally
Section 70
Fees
Section 80
Time-share marketing activities
Section 90
Offering of gifts or prizes
Section 100
Registration of time-share project and program
Section 110
Prerequisites for registration of a time-share project
Section 120
Review of application for registration of a time-share project
Section 130
Minimum application requirements for registration of a time-share project
Section 140
Public offering statement requirements, generally
Section 150
Full and accurate disclosure
Section 160
Contents of public offering statement
Section 170
Narrative sections; time-share concept
Section 180
Narrative sections; creation of time-share project
Section 190
Narrative sections; description of time-share project
Section 200
Narrative sections; individual time-shares
Section 210
Narrative sections; developer
Section 220
Narrative sections; terms of offering
Section 230
Narrative sections; encumbrances
Section 240
Narrative sections; exchange program
Section 250
Narrative sections; financial matters
Section 255
Narrative sections; governmental reviews
Section 260
Narrative sections; restrictions on transfer
Section 270
Narrative sections; time-share owners' association
Section 280
Narrative sections; managing entity
Section 290
Narrative sections; conversion time-share projects
Section 300
Narrative sections; insurance
Section 310
Narrative sections; alternative purchase
Section 320
Documents from other jurisdictions
Section 330
Minimum post-registration reporting requirements for a time-share project
Section 340
Amendment of public offering statement
Section 350
Nonmaterial changes to the public offering statement
Section 360
Filing of amended public offering statement
Section 370
Current public offering statement
Section 380
Public offering statement not current; notification of purchasers
Section 390
Filing of phase amendment application
Section 400
Annual report for a time-share project registration required by developer
Section 410
Board review of annual report for a time-share project registration
Section 420
Return of bond or letter of credit to ensure completion of promised units and common elements to developer
Section 430
Return of bond or letter of credit upon termination of time-share project registration
Section 440
Maintenance of bond or letter of credit
Section 450
Termination of time-share project registration
Section 460
Administrative termination of time-share project registration
Section 470
Reporting of other changes to the time-share project
Section 480
Registration of alternative purchase required
Section 490
Application for registration of an alternative purchase
Section 500
(Reserved)
Section 510
Review of application for registration of an alternative purchase
Section 520
Minimum alternative purchase post-registration reporting requirements
Section 530
(Reserved)
Section 540
Annual report required for alternative purchase registration
Section 550
(Reserved)
Section 560
Termination of registration for an alternative purchase
Section 570
Reporting of other changes to the alternative purchase
Section 580
Registration of exchange program required
Section 590
Minimum requirements for registration of an exchange program
Section 600
Minimum exchange program post-registration reporting requirements
Section 610
Annual report required for an exchange program registration
Section 620
Board review of annual report for exchange program registration
Section 630
Termination of an exchange program registration
Section 640
Reporting of other changes to an exchange program
Section 650
Registration of time-share reseller required
Section 660
Exemptions from time-share reseller registration
Section 670
Requirements for registration as a time-share reseller
Section 680
Exhibits required for registration as a time-share reseller
Section 690
Renewal and reinstatement of a time-share reseller registration
Section 700
Maintenance of time-share reseller registration
Section 710
Recordkeeping for a time-share reseller registration
Section 720
Grounds for disciplinary action
Section 730
Registration required
Section 740
Time-share advertising standards
Section 750
Board overisight of public offering statement and exchange program disclosure document
Section 760
Response to inquiry and provision of records
Section 770
Prohibited acts
FORMS
FORMS (18VAC48-45)

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