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2020 Code of Virginia
Title 55.1 - Property and Conveyances
Chapter 22 - Virginia Real Estate Time-Share Act
Article 1. General Provisions
- § 55.1-2200. Definitions
- § 55.1-2201. Applicability
- § 55.1-2202. Administrative agency
- § 55.1-2203. Status of time-share estates with respect to real property interests
- § 55.1-2204. Applicability of local ordinances, regulations, and building codes
- § 55.1-2205. Use of terms
- § 55.1-2206. Severability of provisions of time-share instruments
Article 2. Creation, Termination, and Management
- § 55.1-2207. Time-sharing permitted
- § 55.1-2208. Instruments
- § 55.1-2209. Time-share instrument for time-share estate project
- § 55.1-2210. Developer control in time-share estate program
- § 55.1-2211. (Effective until January 1, 2022) Time-share estate owners' association control liens
- § 55.1-2211. (Effective January 1, 2022) Time-share estate owners' association control liens
- § 55.1-2212. Time-share owners' association books and records; meetings; use of email
- § 55.1-2213. Time-share estate owners' association annual report
- § 55.1-2214. Time-share instrument for project
- § 55.1-2215. Partition
- § 55.1-2216. Termination of certain time-shares
Article 3. Protection of Purchasers
- § 55.1-2217. Public offering statement
- § 55.1-2218. Certain advertising practices regulated
- § 55.1-2219. Exchange programs
- § 55.1-2220. Escrow of deposits; use of corporate surety bond or irrevocable letter of credit
- § 55.1-2221. Purchaser's rights of cancellation
- § 55.1-2222. Possibility of reverter
- § 55.1-2223. Recording and delivery of deed
- § 55.1-2224. Liability limited; liability actions prohibited
- § 55.1-2225. Warning required
- § 55.1-2226. Buyer's Acknowledgment
- § 55.1-2227. Resale of time-shares
- § 55.1-2228. Required resale disclosures
- § 55.1-2229. Liens
- § 55.1-2230. Effect of violations on rights of action; attorney fees; prior determination of Common Interest Community Board required for certain violations
- § 55.1-2231. Statute of limitations; actions; limitation on rescission rights
- § 55.1-2232. Class actions
- § 55.1-2233. Financial records
- § 55.1-2234. Developer's obligation to complete
Article 4. Financing
- § 55.1-2235. Financing of time-share programs
- § 55.1-2236. Purchaser's rights under developer's foreclosure
- § 55.1-2237. Protection of lien holder
Article 5. Registration
- § 55.1-2238. Registration of time-share program required
- § 55.1-2239. Application for registration
- § 55.1-2240. Filing fee
- § 55.1-2241. Receipt of application; effectiveness of registration
- § 55.1-2242. Annual report; amendments
- § 55.1-2243. Termination of registration
- § 55.1-2244. Registration required for time-share resellers; exemptions; prohibited practices
- § 55.1-2245. Recordkeeping by resellers
- § 55.1-2246. Alternative purchase; registration
Article 6. Administration
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