Virginia Real Estate Time-Share Act

  1. Law
  2. Code of Virginia
  3. Property and Conveyances
  4. Virginia Real Estate Time-Share Act

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Section
55.1-2200

Definitions

Section
55.1-2201

Applicability

Section
55.1-2202

Administrative agency

Section
55.1-2203

Status of time-share estates with respect to real property interests

Section
55.1-2204

Applicability of local ordinances, regulations, and building codes

Section
55.1-2205

Use of terms

Section
55.1-2206

Severability of provisions of time-share instruments

Section
55.1-2207

Time-sharing permitted

Section
55.1-2208

Instruments

Section
55.1-2209

Time-share instrument for time-share estate project

Section
55.1-2210

Developer control in time-share estate program

Section
55.1-2211

(Effective until January 1, 2022) Time-share estate owners' association control liens

Section
55.1-2211

(Effective January 1, 2022) Time-share estate owners' association control liens

Section
55.1-2212

Time-share owners' association books and records; meetings; use of email

Section
55.1-2213

Time-share estate owners' association annual report

Section
55.1-2214

Time-share instrument for project

Section
55.1-2215

Partition

Section
55.1-2216

Termination of certain time-shares

Section
55.1-2217

Public offering statement

Section
55.1-2218

Certain advertising practices regulated

Section
55.1-2219

Exchange programs

Section
55.1-2220

Escrow of deposits; use of corporate surety bond or irrevocable letter of credit

Section
55.1-2221

Purchaser's rights of cancellation

Section
55.1-2222

Possibility of reverter

Section
55.1-2223

Recording and delivery of deed

Section
55.1-2224

Liability limited; liability actions prohibited

Section
55.1-2225

Warning required

Section
55.1-2226

Buyer's Acknowledgment

Section
55.1-2227

Resale of time-shares

Section
55.1-2228

Required resale disclosures

Section
55.1-2229

Liens

Section
55.1-2230

Effect of violations on rights of action; attorney fees; prior determination of Common Interest Community Board required for certain violations

Section
55.1-2231

Statute of limitations; actions; limitation on rescission rights

Section
55.1-2232

Class actions

Section
55.1-2233

Financial records

Section
55.1-2234

Developer's obligation to complete

Section
55.1-2235

Financing of time-share programs

Section
55.1-2236

Purchaser's rights under developer's foreclosure

Section
55.1-2237

Protection of lien holder

Section
55.1-2238

Registration of time-share program required

Section
55.1-2239

Application for registration

Section
55.1-2240

Filing fee

Section
55.1-2241

Receipt of application; effectiveness of registration

Section
55.1-2242

Annual report; amendments

Section
55.1-2243

Termination of registration

Section
55.1-2244

Registration required for time-share resellers; exemptions; prohibited practices

Section
55.1-2245

Recordkeeping by resellers

Section
55.1-2246

Alternative purchase; registration

Section
55.1-2247

General powers and duties of Board

Section
55.1-2248

Cancellation of cease and desist order; reinstatement of registration of developer

Section
55.1-2249

Board regulation of public offering statement

Section
55.1-2250

Proceedings and investigations

Section
55.1-2251

Repealed

Section
55.1-2252

Penalties