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2019 Code of Virginia
Title 55.1 - Property and Conveyances
Chapter 22 - Virginia Real Estate Time-Share Act
§ 55.1-2205. (Effective October 1, 2019) Use of terms
Universal Citation: VA Code § 55.1-2205 (2019)
A developer in its offering or disposition of a time-share may use interchangeably any term recognized in the industry, including "time-share," "time-share interest," "interval ownership," "interval ownership interest," "vacation ownership," "vacation ownership interest," and "product." A developer shall not use the term "incidental benefit" or "alternative purchase" except in the proper context.
1994, c. 580, ยง 55-364.1; 2019, c. 712.
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