Code of Virginia

Creating a Report: Check the sections you'd like to appear in the report, then use the "Create Report" button at the bottom of the page to generate your report. Once the report is generated you'll then have the option to download it as a pdf, print or email the report.

Code of Virginia
Title 55.1. Property and Conveyances [Effective October 1, 2019]
12/6/2019

Chapter 22. Virginia Real Estate Time-Share ActRead Chapter

  • Article 1. General ProvisionsRead all
  • § 55.1-2200
    (Effective October 1, 2019) Definitions
    § 55.1-2201
    (Effective October 1, 2019) Applicability
    § 55.1-2202
    (Effective October 1, 2019) Administrative agency
    § 55.1-2203
    (Effective October 1, 2019) Status of time-share estates with respect to real property interests
    § 55.1-2204
    (Effective October 1, 2019) Applicability of local ordinances, regulations, and building codes
    § 55.1-2205
    (Effective October 1, 2019) Use of terms
    § 55.1-2206
    (Effective October 1, 2019) Severability of provisions of time-share instruments
  • Article 2. Creation, Termination, and ManagementRead all
  • § 55.1-2207
    (Effective October 1, 2019) Time-sharing permitted
    § 55.1-2208
    (Effective October 1, 2019) Instruments
    § 55.1-2209
    (Effective October 1, 2019) Time-share instrument for time-share estate project
    § 55.1-2210
    (Effective October 1, 2019) Developer control in time-share estate program
    § 55.1-2211
    (Effective October 1, 2019) Time-share estate owners' association control liens
    § 55.1-2212
    (Effective October 1, 2019) Time-share owners' association books and records; meetings; use of email
    § 55.1-2213
    (Effective October 1, 2019) Time-share estate owners' association annual report
    § 55.1-2214
    (Effective October 1, 2019) Time-share instrument for project
    § 55.1-2215
    (Effective October 1, 2019) Partition
    § 55.1-2216
    (Effective October 1, 2019) Termination of certain time-shares
  • Article 3. Protection of PurchasersRead all
  • § 55.1-2217
    (Effective October 1, 2019) Public offering statement
    § 55.1-2218
    (Effective October 1, 2019) Certain advertising practices regulated
    § 55.1-2219
    (Effective October 1, 2019) Exchange programs
    § 55.1-2220
    (Effective October 1, 2019) Escrow of deposits; use of corporate surety bond or irrevocable letter of credit
    § 55.1-2221
    (Effective October 1, 2019) Purchaser's rights of cancellation
    § 55.1-2222
    (Effective October 1, 2019) Possibility of reverter
    § 55.1-2223
    (Effective October 1, 2019) Recording and delivery of deed
    § 55.1-2224
    (Effective October 1, 2019) Liability limited; liability actions prohibited
    § 55.1-2225
    (Effective October 1, 2019) Warning required
    § 55.1-2226
    (Effective October 1, 2019) Buyer's Acknowledgment
    § 55.1-2227
    (Effective October 1, 2019) Resale of time-shares
    § 55.1-2228
    (Effective October 1, 2019) Required resale disclosures
    § 55.1-2229
    (Effective October 1, 2019) Liens
    § 55.1-2230
    (Effective October 1, 2019) Effect of violations on rights of action; attorney fees; prior determination of Common Interest Community Board required for certain violations
    § 55.1-2231
    (Effective October 1, 2019) Statute of limitations; actions; limitation on rescission rights
    § 55.1-2232
    (Effective October 1, 2019) Class actions
    § 55.1-2233
    (Effective October 1, 2019) Financial records
    § 55.1-2234
    (Effective October 1, 2019) Developer's obligation to complete
  • Article 4. FinancingRead all
  • § 55.1-2235
    (Effective October 1, 2019) Financing of time-share programs
    § 55.1-2236
    (Effective October 1, 2019) Purchaser's rights under developer's foreclosure
    § 55.1-2237
    (Effective October 1, 2019) Protection of lien holder
  • Article 5. RegistrationRead all
  • § 55.1-2238
    (Effective October 1, 2019) Registration of time-share program required
    § 55.1-2239
    (Effective October 1, 2019) Application for registration
    § 55.1-2240
    (Effective October 1, 2019) Filing fee
    § 55.1-2241
    (Effective October 1, 2019) Receipt of application; effectiveness of registration
    § 55.1-2242
    (Effective October 1, 2019) Annual report; amendments
    § 55.1-2243
    (Effective October 1, 2019) Termination of registration
    § 55.1-2244
    (Effective October 1, 2019) Registration required for time-share resellers; exemptions; prohibited practices
    § 55.1-2245
    (Effective October 1, 2019) Recordkeeping by resellers
    § 55.1-2246
    (Effective October 1, 2019) Alternative purchase; registration
  • Article 6. AdministrationRead all
  • § 55.1-2247
    (Effective October 1, 2019) General powers and duties of Board
    § 55.1-2248
    (Effective October 1, 2019) Cancellation of cease and desist order; reinstatement of registration of developer
    § 55.1-2249
    (Effective October 1, 2019) Board regulation of public offering statement
    § 55.1-2250
    (Effective October 1, 2019) Proceedings and investigations
    § 55.1-2251
    Repealed
    § 55.1-2252
    (Effective October 1, 2019) Penalties