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Virginia Regulatory Town Hall
Department of Professional and Occupational Regulation
Common Interest Community Board
Mandate 1310

Mandate Information
Mandate Title:
Virginia Real Estate Time-Share Act; alternative purchases.
Purpose of legislation
Removes the requirement under the Virginia Real Estate Time-Share Act that a time-share instrument state whether the developer reserves the right to add or delete any alternative purchase. Requires that the public offering statement distributed to each prospective purchaser disclose whether the developer will offer any alternative purchase.
Legislation mandating a change Chap 52 (2023)
Chap 53 (2023)
VAC chapters to be amended
18 vac 48 - 45 : Time-Share Regulations
Associated Regulatory Actions No regulatory action has been filed.
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