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2019 Code of Virginia
Title 55.1 - Property and Conveyances
Chapter 22 - Virginia Real Estate Time-Share Act
Article 1. General Provisions
- § 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 Management
- § 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 Purchasers
- § 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. Financing
- § 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. Registration
- § 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. Administration
- § 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
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