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the Code of Virginia
2016 Code of Virginia
Title 55 - Property and Conveyances
Chapter 21 - The Virginia Real Estate Time-Share Act
§ 55-387. Financing of time-share programs
Universal Citation:
VA Code § 55-387 (2016)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
In the developer's financing of a time-share program, the developer shall retain financial records of the schedule of payments required to be made and the payments made by it to any person or entity which is the holder of an underlying blanket mortgage, deed of trust, contract of sale, or other lien or encumbrance.
1981, c. 462; 1985, c. 517.
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