Chapter 22. Virginia Real Estate Time-Share ActRead Chapter
- Article 1. General ProvisionsRead all
- § 55.1-2200
- Definitions
- § 55.1-2201
- Applicability
- § 55.1-2202
- Administrative agency
- § 55.1-2203
- Status of time-share estates with respect to real property interests
- § 55.1-2204
- Applicability of local ordinances, regulations, and building codes
- § 55.1-2205
- Use of terms
- § 55.1-2206
- Severability of provisions of time-share instruments
- Article 2. Creation, Termination, and ManagementRead all
- § 55.1-2207
- Time-sharing permitted
- § 55.1-2208
- Instruments
- § 55.1-2209
- Time-share instrument for time-share estate project
- § 55.1-2210
- Developer control in time-share estate program
- § 55.1-2211
- Time-share estate owners' association control liens
- § 55.1-2212
- Time-share owners' association books and records; meetings; use of email
- § 55.1-2213
- Time-share estate owners' association annual report
- § 55.1-2214
- Time-share instrument for project
- § 55.1-2215
- Partition
- § 55.1-2216
- Termination of certain time-shares
- Article 3. Protection of PurchasersRead all
- § 55.1-2217
- Public offering statement
- § 55.1-2218
- Certain advertising practices regulated
- § 55.1-2219
- Exchange programs
- § 55.1-2220
- Escrow of deposits; use of corporate surety bond or irrevocable letter of credit
- § 55.1-2221
- Purchaser's rights of cancellation
- § 55.1-2222
- Possibility of reverter
- § 55.1-2223
- Recording and delivery of deed
- § 55.1-2224
- Liability limited; liability actions prohibited
- § 55.1-2225
- Warning required
- § 55.1-2226
- Buyer's Acknowledgment
- § 55.1-2227
- Resale of time-shares
- § 55.1-2228
- Required resale disclosures
- § 55.1-2229
- Liens
- § 55.1-2230
- Effect of violations on rights of action; attorney fees; prior determination of Common Interest Community Board required for certain violations
- § 55.1-2231
- Statute of limitations; actions; limitation on rescission rights
- § 55.1-2232
- Class actions
- § 55.1-2233
- Financial records
- § 55.1-2234
- Developer's obligation to complete
- Article 4. FinancingRead all
- § 55.1-2235
- Financing of time-share programs
- § 55.1-2236
- Purchaser's rights under developer's foreclosure
- § 55.1-2237
- Protection of lien holder
- Article 5. RegistrationRead all
- § 55.1-2238
- Registration of time-share program required
- § 55.1-2239
- Application for registration
- § 55.1-2240
- Filing fee
- § 55.1-2241
- Receipt of application; effectiveness of registration
- § 55.1-2242
- Annual report; amendments
- § 55.1-2243
- Termination of registration
- § 55.1-2244
- Registration required for time-share resellers; exemptions; prohibited practices
- § 55.1-2245
- Recordkeeping by resellers
- § 55.1-2246
- Alternative purchase; registration
- Article 6. AdministrationRead all
- § 55.1-2247
- General powers and duties of Board
- § 55.1-2248
- Cancellation of cease and desist order; reinstatement of registration of developer
- § 55.1-2249
- Board regulation of public offering statement
- § 55.1-2250
- Proceedings and investigations
- § 55.1-2251
- Repealed
- § 55.1-2252
- Penalties
