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2019 Code of Virginia
Title 55.1 - Property and Conveyances
Chapter 22 - Virginia Real Estate Time-Share Act
§ 55.1-2236. (Effective October 1, 2019) Purchaser's rights under developer's foreclosure
Universal Citation: VA Code § 55.1-2236 (2019)
The developer whose project is subject to an underlying blanket lien or encumbrance shall protect a nondefaulting purchaser from foreclosure or cancellation by the lien holder by securing from such lien holder or recording of a nondisturbance clause, subordination agreement, or partial release of the lien as to that time-share sold to such purchaser.
1981, c. 462, ยง 55-388; 1985, c. 517; 2019, c. 712.
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