Chapter 45. Time-Share RegulationsRead Chapter
- Part I.Read allGeneral
- Section 10
- (Reserved)
- Section 20
- Definitions
- Section 30
- Explanation of terms
- Section 40
- Time-shares located outside of Virginia
- Part II.Read allGeneral Application Requirements
- Section 50
- Application procedures
- Section 60
- Review of application for registration, generally
- Section 70
- Fees
- Part III.Read allMarketing and Advertising
- Section 80
- Time-share marketing activities
- Section 90
- Offering of gifts or prizes
- Part IV.Read allApplication for Time-Share Program Registration
- Section 100
- [Repealed]
- Section 110
- Prerequisites for registration of a time-share program
- Section 120
- Review of application for registration of a time-share program
- Section 130
- Minimum application requirements for registration of a time-share program
- Part V.Read allPublic Offering Statement
- 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 program
- 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 and incidental benefit
- Section 320
- Documents from other jurisdictions
- Part VI.Read allTime-Share Program Post-Registration Provisions
- Section 330
- Minimum post-registration reporting requirements for a time-share program
- 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 program registration required by developer
- Section 410
- Board review of annual report for a time-share program 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 filed in lieu of escrowing deposits
- Section 440
- Maintenance of bond or letter of credit
- Section 450
- Termination of time-share program registration
- Section 460
- Administrative termination of time-share program registration
- Section 470
- Reporting of other changes to the time-share program
- Part VII.Read allAlternative Purchase Registration
- 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
- Part VIII.Read allExchange Program Registration
- 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
- Part IX.Read allTime-Share Reseller Registration
- 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
- Part X.Read allBoard Authority and Standards of Conduct
- 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)