Code of Virginia

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Code of Virginia
Title 55. Property and Conveyances [Repealed Effective October 1, 2019]
11/18/2019

Chapter 21. The Virginia Real Estate Time-Share ActRead Chapter

  • Article 1. General ProvisionsRead all
  • § 55-360
    (Repealed effective October 1, 2019) Title
    § 55-361
    Repealed
    § 55-361.1
    (Repealed effective October 1, 2019) Applicability
    § 55-362
    (Repealed effective October 1, 2019) Definitions
    § 55-362.1
    (Repealed effective October 1, 2019) Administrative agency
    § 55-363
    (Repealed effective October 1, 2019) Status of time-share estates with respect to real property interests
    § 55-364
    (Repealed effective October 1, 2019) Applicability of local ordinances, regulations, and building codes
    § 55-364.1
    (Repealed effective October 1, 2019) Use of terms
    § 55-365
    Repealed
    § 55-365.1
    (Repealed effective October 1, 2019) Severability of provisions of time-share instruments
  • Article 2. Creation, Termination, and ManagementRead all
  • § 55-366
    (Repealed effective October 1, 2019) Time-sharing permitted
    § 55-367
    (Repealed effective October 1, 2019) Instruments
    § 55-368
    (Repealed effective October 1, 2019) Time-share instrument for time-share estate project
    § 55-369
    (Repealed effective October 1, 2019) Developer control in time-share estate program
    § 55-370
    (Repealed effective October 1, 2019) Time-share estate owners' association control liens
    § 55-370.01
    (Repealed effective October 1, 2019) Time-share owners' association books and records; meetings; use of e-mail
    § 55-370.1
    (Repealed effective October 1, 2019) Time-share estate owners' association annual report
    § 55-371
    (Repealed effective October 1, 2019) Time-share instrument for project
    § 55-372
    (Repealed effective October 1, 2019) Partition
    § 55-373
    (Repealed effective October 1, 2019) Termination of certain time-shares
  • Article 3. Protection of PurchasersRead all
  • § 55-374
    (Repealed effective October 1, 2019) Public offering statement
    § 55-374.1
    (Repealed effective October 1, 2019) Certain advertising practices regulated
    § 55-374.2
    (Repealed effective October 1, 2019) Exchange programs
    § 55-375
    (Repealed effective October 1, 2019) Escrow of deposits; use of corporate surety bond or irrevocable letter of credit
    § 55-376
    (Repealed effective October 1, 2019) Purchaser's rights of cancellation
    § 55-376.1
    (Repealed effective October 1, 2019) Possibility of reverter
    § 55-376.2
    (Repealed effective October 1, 2019) Recording and delivery of deed
    § 55-376.3
    (Repealed effective October 1, 2019) Liability limited; liability actions prohibited
    § 55-376.4
    (Repealed effective October 1, 2019) Warning required
    § 55-376.5
    (Repealed effective October 1, 2019) Buyer's Acknowledgment
    § 55-377
    Repealed
    § 55-379
    Repealed
    § 55-380
    (Repealed effective October 1, 2019) Resale of time-shares
    § 55-380.1
    (Repealed effective October 1, 2019) Required resale disclosures
    § 55-381
    (Repealed effective October 1, 2019) Liens
    § 55-382
    (Repealed effective October 1, 2019) Effect of violations on rights of action; attorney's fees; prior determination of Real Estate Board required for certain violations
    § 55-383
    (Repealed effective October 1, 2019) Statute of limitations; actions; limitation on rescission rights
    § 55-384
    (Repealed effective October 1, 2019) Class actions
    § 55-385
    (Repealed effective October 1, 2019) Financial records
    § 55-386
    (Repealed effective October 1, 2019) Developer's obligation to complete
  • Article 4. FinancingRead all
  • § 55-387
    (Repealed effective October 1, 2019) Financing of time-share programs
    § 55-388
    (Repealed effective October 1, 2019) Purchaser's rights under developer's foreclosure
    § 55-389
    (Repealed effective October 1, 2019) Protection of lien holder
  • Article 5. RegistrationRead all
  • § 55-390
    (Repealed effective October 1, 2019) Registration of time-share program required
    § 55-391
    Repealed
    § 55-391.1
    (Repealed effective October 1, 2019) Application for registration
    § 55-392
    Repealed
    § 55-392.1
    (Repealed effective October 1, 2019) Filing fee
    § 55-393
    Repealed
    § 55-393.1
    (Repealed effective October 1, 2019) Receipt of application; effectiveness of registration
    § 55-394
    Repealed
    § 55-394.1
    (Repealed effective October 1, 2019) Annual report; amendments
    § 55-394.2
    (Repealed effective October 1, 2019) Termination of registration
    § 55-394.3
    (Repealed effective October 1, 2019) Registration required for time-share resellers; exemptions; prohibited practices
    § 55-394.4
    (Repealed effective October 1, 2019) Recordkeeping by resellers
    § 55-394.5
    (Repealed effective October 1, 2019) Alternative purchase; registration
    § 55-395
    Repealed
  • Article 6. AdministrationRead all
  • § 55-396
    (Repealed effective October 1, 2019) General powers and duties of Board
    § 55-397
    (Repealed effective October 1, 2019) Cancellation of cease and desist order; reinstatement of registration of developer
    § 55-398
    (Repealed effective October 1, 2019) Board regulation of public offering statement
    § 55-399
    (Repealed effective October 1, 2019) Proceedings and investigations
    § 55-399.1
    Repealed
    § 55-400
    (Repealed effective October 1, 2019) Penalties