{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/55.1-2211.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/55.1-2211.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/55.1-2211.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/55.1-2211.html"}],"law_id":83628,"edition_id":1,"section_id":83628,"structure_id":14759,"section_number":"55.1-2211","catch_line":"Time-share estate owners’ association control liens","history":"1981, c. 462, \u00a7 55-370; 1985, c. 517; 1989, c. 637; 1991, c. 704; 1993, c. 842; 1994, cc. 432, 580; 1998, c. 460; 2001, c. 543; 2006, c. 653; 2007, c. 267; 2012, c. 406; 2013, cc. 259, 327; 2019, c. 712; 2021, Sp. Sess. I, c. 489.","full_text":"A\n\nThe board of directors of the association shall have the authority to adopt regular annual assessments and to levy periodic special assessments against each of the time-share estate unit owners and to collect the same from such owners according to law if the purpose in so doing is determined by the board of directors to be in the best interest of the time-share project or time-share program and the proceeds are used to either pay common expenses or fund a reserve. In addition, the board of directors of the association shall have the authority to collect, on behalf of the developer or on its own account, the maintenance fee imposed by the developer pursuant to § 55.1-2210. The authority hereby granted and conferred upon the association shall exist notwithstanding any covenants and restrictions of record applicable to the project stated to the contrary, and any such covenants and restrictions are hereby declared void.B\n\nThe developer may provide that it not be obligated to pay all or a portion of any assessment, dues, or other charges of the association, however denominated, passed, or adopted, pursuant to subsection A, if such developer so provides, in bold type, in the time-share instrument for the time-share estate project. If no such provision exists, the developer shall be responsible to pay the same assessment, dues, or other charges that a time-share estate owner is obligated to pay for each of its unsold time-shares existing at the end of the fiscal year of the association and no more if the board of directors of the association so determines. In no event shall either a time-share expense or the dues, assessment, or charges of the association discriminate against the developer.C\n\nThe association shall have a lien on every time-share estate within its project for unpaid and past due regular or special assessments levied against that estate in accordance with the provisions of this chapter and for all unpaid and past due maintenance fees. The exemption created by \u00a7 34-4 shall not be claimed against the debt or lien of the association created by this section.\n\t\t\tThe association, in order to perfect the lien given by this subsection, shall file, before the expiration of four years from the time such special or regular assessment or maintenance fee became due, in the clerk’s office of the county or city in which the project is situated, a memorandum verified by the oath of any officer of the association or its managing agent and containing the following information:1\n\nThe name and location of the project;2\n\nThe name and address of each owner of the time-share on which the lien exists and a description of the unit in which the time-share is situated;3\n\nThe amount of past due special or regular assessments or past due maintenance fees applicable to the time-share, together with the date when each became due;4\n\nThe amount of any other charges owing occasioned by the failure of the owner to pay the assessments or maintenance fees, including late charges, interest, postage and handling, attorney fees, recording costs, and release fees;5\n\nThe name, address, and telephone number of the association’s trustee, if known at the time, who will be called upon by the association to foreclose on the lien upon the owner’s failure to pay as provided in this subsection; and6\n\nThe date of issuance of the memorandum.\n\t\t\t\tNotwithstanding any other provision of this chapter, or any other provision of law requiring documents to be recorded in the deed books of the clerk’s office of any court, from July 1, 1981, all memoranda of liens arising under this subsection shall be recorded in the deed books in such clerk’s office. Any such memorandum shall be indexed in the general index to deeds, and such general index shall identify the lien as a lien for time-share estate regular or special assessments or maintenance fees.\n\t\t\t\tThe clerk in whose office such memorandum is filed as provided in this subsection shall record and index such memorandum as provided in this subsection, in the names of the persons identified in such memorandum as well as in the name of the time-share estates owners’ association. The cost of recording such memorandum shall be taxed against the owner of the time-share on which the lien is placed. The filing with the clerk of one memorandum on which is listed two or more delinquent time-share estate unit owners is permitted in order to perfect the lien hereby allowed, and the cost of filing in this event shall be the clerk’s fee as prescribed in subdivision A 2 of § 17.1-275.D\n\nAt any time after perfecting the lien pursuant to this section, the association may sell the time-share estate at a public sale, subject to prior liens. For purposes of this section, the association shall have the power both to sell and convey the time-share estate and shall be deemed the time-share estate owner’s statutory agent for the purpose of transferring title to the time-share estate. A nonjudicial foreclosure sale shall be conducted by a trustee and in accordance with the following:1\n\nThe association shall give notice to the time-share estate owner, prior to advertisement, as required by subdivision 4. The notice shall specify (i) the debt secured by the perfected lien; (ii) the action required to satisfy the debt secured by the perfected lien; (iii) the date, not less than 60 days from the date the notice is given to the time-share estate owner, by which the debt secured by the lien shall be satisfied; and (iv) that failure to satisfy the debt secured by the lien on or before the date specified in the notice may result in the sale of the time-share estate. The notice shall further inform the time-share estate owner of the right to bring a court action in the circuit court of the county or city where the time-share project is located to assert the nonexistence of a debt or any other defenses of the time-share estate owner to the sale.2\n\nAfter expiration of the 60-day notice period provided in subdivision 1, the association may appoint a trustee to conduct the sale. The appointment of the trustee shall be filed in the clerk’s office of the circuit court in the county or city in which the time-share project is located. It shall be the duty of the clerk in whose office such appointment is filed to record and index the same, as provided in this subsection, in the names of the persons identified therein as well as in the name of the association. The association, at its option, may from time to time remove the trustee and appoint a successor trustee.3\n\nIf, prior to the date of the foreclosure sale, the time-share estate owner (i) satisfies the debt secured by lien that is the subject of the nonjudicial foreclosure sale and (ii) pays all expenses and costs incurred in perfecting and enforcing the lien, including advertising costs and reasonable attorney fees, the time-share estate owner shall have the right to have enforcement of the perfected lien discontinued prior to the sale of the time-share estate.4\n\nIn addition to the advertisement required by subdivision 5, the association shall give written notice of the time, date, and place of any proposed sale in execution of the lien, including the name, address, and telephone number of the trustee, by personal delivery or by mail to (i) the present owner of the time-share estate to be sold at his last known address as such owner and address appear in the records of the association, (ii) any lienholder that holds a note against the time-share estate secured by a deed of trust recorded at least 30 days prior to the proposed sale and whose address is recorded with the deed of trust, and (iii) any assignee of such a note secured by a deed of trust, provided that the assignment and address of the assignee are likewise recorded at least 30 days prior to the proposed sale. Mailing a copy of the advertisement or the notice containing the same information to the owner by certified or registered mail no less than 14 days prior to such sale and to the lienholders and their assigns, at the addresses noted in the memorandum of lien, by regular mail no less than 14 days prior to such sale shall be a sufficient compliance with the requirement of notice.5\n\nThe advertisement of sale by the association shall be in a newspaper having a general circulation in the county or city wherein the time-share estate to be sold and the time-share project, or any portion of such project, lies pursuant to the following provisions:\n\t\t\t\ta. The association shall advertise once a week for four successive weeks; however, if the time-share estate and the time-share project or some portion of such project is located in a city or in a county immediately contiguous to a city, publication of the advertisement five different days, which may be consecutive days, shall be deemed adequate. The sale shall be held on any day following the day of the last advertisement that is no earlier than eight days following the first advertisement nor more than 30 days following the last advertisement.\n\t\t\t\tb. Such advertisement shall be placed in that section of the newspaper where legal notices appear or where the type of time-share estate being sold is generally advertised for sale. The advertisement of sale, in addition to such other matters as the association finds appropriate, shall set forth:1\n\nA description of the time-share estate to be sold, which description need not be as extensive as that contained in the deed of trust, but shall identify the time-share project by street address, if any, or, if none, shall give the general location of such time-share project with reference to streets, routes, or known landmarks with further identification of the time-share estate to be sold. Where available, tax map identification may be used. The advertisement shall also include the date, time, place, and terms of sale and the name of the association. It shall set forth the name, address, and telephone number of the representative, agent, or attorney who is authorized to respond to inquiries concerning the sale; or2\n\nIn lieu of the requirements of subdivision (1), the advertisement shall set forth the date, time, place, and terms of sale and the name of the association; the street address of the time-share estate to be sold, if any, or, if none, the general location of the time-share project; and the name, address, and telephone number of the representative, agent, or attorney who is authorized to respond to inquiries and give additional information concerning the time-share estate to be sold, including providing in hard copy or electronic form a description of the time-share estate to be sold by street address, if any, or, if none, by the general location of the time-share project with reference to streets, routes, or known landmarks, and, where available, tax map identification. The advertisement under this subdivision (2) shall also include a website address where the information contained in subdivision (1) is displayed for the time-share estate to be sold.\n\t\t\t\t\tc. In addition to the advertisement required by subdivisions 5 a and b, the association may give such other further and different advertisement as the association finds appropriate.6\n\nIn the event of postponement of the sale, which postponement shall be at the discretion of the association, advertisement of the postponed sale shall be in the same manner as the original advertisement of sale.7\n\nFailure to comply with the requirements for advertisement contained in this section shall, upon petition, render a sale of the property voidable by the court. Such petition shall be filed within 60 days of the sale or the right to do so shall lapse.8\n\nIn the event of a sale, the association shall have the following powers and duties:\n\t\t\t\ta. The association may sell two or more time-share estates at the sale. Written one-price bids may be made and shall be received by the trustee from the association or any person for entry by announcement at the sale. Any person other than the trustee may bid at the foreclosure sale, including a person that has submitted a written one-price bid. Upon request to the trustee, any other bidder in attendance at a foreclosure sale shall be permitted to inspect written bids. Unless otherwise provided in the time-share instrument, the association may bid to purchase the time-share estate at a foreclosure sale. The association may own, lease, encumber, exchange, sell, or convey the time-share estate. Whenever the written bid of the association is the highest bid submitted at the sale, such written bid shall be filed by the trustee with his account of sale required under subdivision 10 of this subsection and § 64.2-1309. The written bid submitted pursuant to this subsection may be prepared by the association, its agent, or its attorney.\n\t\t\t\tb. The association may require of any bidder at any sale a cash deposit of as much as one-third of the sale price before his bid is received, which shall be refunded to him if the time-share estate is not sold to him through action of the trustee. The deposit of the successful bidder shall be applied to his credit at settlement; if such bidder fails to complete his purchase promptly, the deposit shall be applied to pay the costs and expenses of the sale, and the balance, if any, shall be retained by the association in connection with that sale.\n\t\t\t\tc. The association shall receive and receipt for the proceeds of sale, no purchaser being required to see to the application of the proceeds, and shall apply such proceeds in the following order: first, to the reasonable expenses of sale, including reasonable attorney fees; second, to the satisfaction of all taxes, levies, and assessments, with costs and interest; third, to the satisfaction of the lien for the time-share estate owners’ assessments; fourth, to the satisfaction in the order of priority of any remaining inferior claims of record; and fifth, to pay the residue of the proceeds to the time-share estate owner or his assigns, provided, however, that the association as to such residue shall not be bound by any inheritance, devise, conveyance, assignment, or lien of or upon the unit owner’s equity, without actual notice thereof prior to distribution.9\n\nThe trustee shall deliver to the purchaser a trustee’s deed conveying the time-share estate with special warranty of title. The trustee shall not be required to take possession of the time-share estate prior to the sale of such estate or deliver possession of the time-share estate to the purchaser at the sale.10\n\nIf the sale of a time-share estate is made pursuant to this subsection and the accounting is made by the trustee, the title of the purchaser at such sale shall not be disturbed unless, within six months from the date of foreclosure, the sale is set aside by the court or an appeal is filed in the Court of Appeals or granted by the Supreme Court and an order is entered requiring such sale to be set aside.\n\t\t\t\tWhen payment or satisfaction is made of a debt secured by the lien perfected by this subsection, such lien shall be released in accordance with the provisions of § 55.1-339. For the purposes of § 55.1-339, any officer of the time-share estate owners’ association or its managing agent shall be deemed the duly authorized agent of the lien creditor.E\n\nThe commissioner of accounts to whom an account of sale is returned in connection with the foreclosure of either a lien under subsection C or a purchase money deed of trust taken back by the developer in the sale of a time-share in order to satisfy § 64.2-1309 shall be entitled to a fee, not to exceed $70, on each foreclosure of a lien under subsection C and not to exceed $125 on each foreclosure of a purchase money deed of trust taken back by the developer.F\n\nAny time-share owner within the project having executed a contract for the disposition of the time-share shall be entitled, upon request, to a recordable statement setting forth the amount of unpaid regular or special assessments or maintenance fees currently levied against that time-share. Such request shall be in writing, directed to the president of the time-share estate owners’ association, and delivered to the principal office of the association. Failure of the association to furnish or make available such statement within 20 days from the actual receipt of such written request shall extinguish the lien created by subsection C as to the time-share involved. Payment of a fee reflecting the reasonable cost of materials and labor, not to exceed the actual cost of such materials and labor, may be required as a prerequisite to the issuance of such a statement.","order_by":null,"text":{"0":{"id":299707,"text":"The board of directors of the association shall have the authority to adopt regular annual assessments and to levy periodic special assessments against each of the time-share estate unit owners and to collect the same from such owners according to law if the purpose in so doing is determined by the board of directors to be in the best interest of the time-share project or time-share program and the proceeds are used to either pay common expenses or fund a reserve. In addition, the board of directors of the association shall have the authority to collect, on behalf of the developer or on its own account, the maintenance fee imposed by the developer pursuant to § 55.1-2210. The authority hereby granted and conferred upon the association shall exist notwithstanding any covenants and restrictions of record applicable to the project stated to the contrary, and any such covenants and restrictions are hereby declared void.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":299708,"text":"The developer may provide that it not be obligated to pay all or a portion of any assessment, dues, or other charges of the association, however denominated, passed, or adopted, pursuant to subsection A, if such developer so provides, in bold type, in the time-share instrument for the time-share estate project. If no such provision exists, the developer shall be responsible to pay the same assessment, dues, or other charges that a time-share estate owner is obligated to pay for each of its unsold time-shares existing at the end of the fiscal year of the association and no more if the board of directors of the association so determines. In no event shall either a time-share expense or the dues, assessment, or charges of the association discriminate against the developer.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":299709,"text":"The association shall have a lien on every time-share estate within its project for unpaid and past due regular or special assessments levied against that estate in accordance with the provisions of this chapter and for all unpaid and past due maintenance fees. The exemption created by \u00a7 34-4 shall not be claimed against the debt or lien of the association created by this section.\n\t\t\tThe association, in order to perfect the lien given by this subsection, shall file, before the expiration of four years from the time such special or regular assessment or maintenance fee became due, in the clerk’s office of the county or city in which the project is situated, a memorandum verified by the oath of any officer of the association or its managing agent and containing the following information:","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"C1"},"3":{"id":299710,"text":"The name and location of the project;","type":"section","prefixes":["C","1"],"prefix":"1","entire_prefix":"C1","prefix_anchor":"C1","level":2,"prior_prefix":"C","next_prefix":"C2"},"4":{"id":299711,"text":"The name and address of each owner of the time-share on which the lien exists and a description of the unit in which the time-share is situated;","type":"section","prefixes":["C","2"],"prefix":"2","entire_prefix":"C2","prefix_anchor":"C2","level":2,"prior_prefix":"C1","next_prefix":"C3"},"5":{"id":299712,"text":"The amount of past due special or regular assessments or past due maintenance fees applicable to the time-share, together with the date when each became due;","type":"section","prefixes":["C","3"],"prefix":"3","entire_prefix":"C3","prefix_anchor":"C3","level":2,"prior_prefix":"C2","next_prefix":"C4"},"6":{"id":299713,"text":"The amount of any other charges owing occasioned by the failure of the owner to pay the assessments or maintenance fees, including late charges, interest, postage and handling, attorney fees, recording costs, and release fees;","type":"section","prefixes":["C","4"],"prefix":"4","entire_prefix":"C4","prefix_anchor":"C4","level":2,"prior_prefix":"C3","next_prefix":"C5"},"7":{"id":299714,"text":"The name, address, and telephone number of the association’s trustee, if known at the time, who will be called upon by the association to foreclose on the lien upon the owner’s failure to pay as provided in this subsection; and","type":"section","prefixes":["C","5"],"prefix":"5","entire_prefix":"C5","prefix_anchor":"C5","level":2,"prior_prefix":"C4","next_prefix":"C6"},"8":{"id":299715,"text":"The date of issuance of the memorandum.\n\t\t\t\tNotwithstanding any other provision of this chapter, or any other provision of law requiring documents to be recorded in the deed books of the clerk’s office of any court, from July 1, 1981, all memoranda of liens arising under this subsection shall be recorded in the deed books in such clerk’s office. Any such memorandum shall be indexed in the general index to deeds, and such general index shall identify the lien as a lien for time-share estate regular or special assessments or maintenance fees.\n\t\t\t\tThe clerk in whose office such memorandum is filed as provided in this subsection shall record and index such memorandum as provided in this subsection, in the names of the persons identified in such memorandum as well as in the name of the time-share estates owners’ association. The cost of recording such memorandum shall be taxed against the owner of the time-share on which the lien is placed. The filing with the clerk of one memorandum on which is listed two or more delinquent time-share estate unit owners is permitted in order to perfect the lien hereby allowed, and the cost of filing in this event shall be the clerk’s fee as prescribed in subdivision A 2 of § 17.1-275.","type":"section","prefixes":["C","6"],"prefix":"6","entire_prefix":"C6","prefix_anchor":"C6","level":2,"prior_prefix":"C5","next_prefix":"D"},"9":{"id":299716,"text":"At any time after perfecting the lien pursuant to this section, the association may sell the time-share estate at a public sale, subject to prior liens. For purposes of this section, the association shall have the power both to sell and convey the time-share estate and shall be deemed the time-share estate owner’s statutory agent for the purpose of transferring title to the time-share estate. A nonjudicial foreclosure sale shall be conducted by a trustee and in accordance with the following:","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C6","next_prefix":"D1"},"10":{"id":299717,"text":"The association shall give notice to the time-share estate owner, prior to advertisement, as required by subdivision 4. The notice shall specify (i) the debt secured by the perfected lien; (ii) the action required to satisfy the debt secured by the perfected lien; (iii) the date, not less than 60 days from the date the notice is given to the time-share estate owner, by which the debt secured by the lien shall be satisfied; and (iv) that failure to satisfy the debt secured by the lien on or before the date specified in the notice may result in the sale of the time-share estate. The notice shall further inform the time-share estate owner of the right to bring a court action in the circuit court of the county or city where the time-share project is located to assert the nonexistence of a debt or any other defenses of the time-share estate owner to the sale.","type":"section","prefixes":["D","1"],"prefix":"1","entire_prefix":"D1","prefix_anchor":"D1","level":2,"prior_prefix":"D","next_prefix":"D2"},"11":{"id":299718,"text":"After expiration of the 60-day notice period provided in subdivision 1, the association may appoint a trustee to conduct the sale. The appointment of the trustee shall be filed in the clerk’s office of the circuit court in the county or city in which the time-share project is located. It shall be the duty of the clerk in whose office such appointment is filed to record and index the same, as provided in this subsection, in the names of the persons identified therein as well as in the name of the association. The association, at its option, may from time to time remove the trustee and appoint a successor trustee.","type":"section","prefixes":["D","2"],"prefix":"2","entire_prefix":"D2","prefix_anchor":"D2","level":2,"prior_prefix":"D1","next_prefix":"D3"},"12":{"id":299719,"text":"If, prior to the date of the foreclosure sale, the time-share estate owner (i) satisfies the debt secured by lien that is the subject of the nonjudicial foreclosure sale and (ii) pays all expenses and costs incurred in perfecting and enforcing the lien, including advertising costs and reasonable attorney fees, the time-share estate owner shall have the right to have enforcement of the perfected lien discontinued prior to the sale of the time-share estate.","type":"section","prefixes":["D","3"],"prefix":"3","entire_prefix":"D3","prefix_anchor":"D3","level":2,"prior_prefix":"D2","next_prefix":"D4"},"13":{"id":299720,"text":"In addition to the advertisement required by subdivision 5, the association shall give written notice of the time, date, and place of any proposed sale in execution of the lien, including the name, address, and telephone number of the trustee, by personal delivery or by mail to (i) the present owner of the time-share estate to be sold at his last known address as such owner and address appear in the records of the association, (ii) any lienholder that holds a note against the time-share estate secured by a deed of trust recorded at least 30 days prior to the proposed sale and whose address is recorded with the deed of trust, and (iii) any assignee of such a note secured by a deed of trust, provided that the assignment and address of the assignee are likewise recorded at least 30 days prior to the proposed sale. Mailing a copy of the advertisement or the notice containing the same information to the owner by certified or registered mail no less than 14 days prior to such sale and to the lienholders and their assigns, at the addresses noted in the memorandum of lien, by regular mail no less than 14 days prior to such sale shall be a sufficient compliance with the requirement of notice.","type":"section","prefixes":["D","4"],"prefix":"4","entire_prefix":"D4","prefix_anchor":"D4","level":2,"prior_prefix":"D3","next_prefix":"D5"},"14":{"id":299721,"text":"The advertisement of sale by the association shall be in a newspaper having a general circulation in the county or city wherein the time-share estate to be sold and the time-share project, or any portion of such project, lies pursuant to the following provisions:\n\t\t\t\ta. The association shall advertise once a week for four successive weeks; however, if the time-share estate and the time-share project or some portion of such project is located in a city or in a county immediately contiguous to a city, publication of the advertisement five different days, which may be consecutive days, shall be deemed adequate. The sale shall be held on any day following the day of the last advertisement that is no earlier than eight days following the first advertisement nor more than 30 days following the last advertisement.\n\t\t\t\tb. Such advertisement shall be placed in that section of the newspaper where legal notices appear or where the type of time-share estate being sold is generally advertised for sale. The advertisement of sale, in addition to such other matters as the association finds appropriate, shall set forth:","type":"section","prefixes":["D","5"],"prefix":"5","entire_prefix":"D5","prefix_anchor":"D5","level":2,"prior_prefix":"D4","next_prefix":"D51"},"15":{"id":299722,"text":"A description of the time-share estate to be sold, which description need not be as extensive as that contained in the deed of trust, but shall identify the time-share project by street address, if any, or, if none, shall give the general location of such time-share project with reference to streets, routes, or known landmarks with further identification of the time-share estate to be sold. Where available, tax map identification may be used. The advertisement shall also include the date, time, place, and terms of sale and the name of the association. It shall set forth the name, address, and telephone number of the representative, agent, or attorney who is authorized to respond to inquiries concerning the sale; or","type":"section","prefixes":["D","5","1"],"prefix":"1","entire_prefix":"D51","prefix_anchor":"D51","level":3,"prior_prefix":"D5","next_prefix":"D52"},"16":{"id":299723,"text":"In lieu of the requirements of subdivision (1), the advertisement shall set forth the date, time, place, and terms of sale and the name of the association; the street address of the time-share estate to be sold, if any, or, if none, the general location of the time-share project; and the name, address, and telephone number of the representative, agent, or attorney who is authorized to respond to inquiries and give additional information concerning the time-share estate to be sold, including providing in hard copy or electronic form a description of the time-share estate to be sold by street address, if any, or, if none, by the general location of the time-share project with reference to streets, routes, or known landmarks, and, where available, tax map identification. The advertisement under this subdivision (2) shall also include a website address where the information contained in subdivision (1) is displayed for the time-share estate to be sold.\n\t\t\t\t\tc. In addition to the advertisement required by subdivisions 5 a and b, the association may give such other further and different advertisement as the association finds appropriate.","type":"section","prefixes":["D","5","2"],"prefix":"2","entire_prefix":"D52","prefix_anchor":"D52","level":3,"prior_prefix":"D51","next_prefix":"D6"},"17":{"id":299724,"text":"In the event of postponement of the sale, which postponement shall be at the discretion of the association, advertisement of the postponed sale shall be in the same manner as the original advertisement of sale.","type":"section","prefixes":["D","6"],"prefix":"6","entire_prefix":"D6","prefix_anchor":"D6","level":2,"prior_prefix":"D52","next_prefix":"D7"},"18":{"id":299725,"text":"Failure to comply with the requirements for advertisement contained in this section shall, upon petition, render a sale of the property voidable by the court. Such petition shall be filed within 60 days of the sale or the right to do so shall lapse.","type":"section","prefixes":["D","7"],"prefix":"7","entire_prefix":"D7","prefix_anchor":"D7","level":2,"prior_prefix":"D6","next_prefix":"D8"},"19":{"id":299726,"text":"In the event of a sale, the association shall have the following powers and duties:\n\t\t\t\ta. The association may sell two or more time-share estates at the sale. Written one-price bids may be made and shall be received by the trustee from the association or any person for entry by announcement at the sale. Any person other than the trustee may bid at the foreclosure sale, including a person that has submitted a written one-price bid. Upon request to the trustee, any other bidder in attendance at a foreclosure sale shall be permitted to inspect written bids. Unless otherwise provided in the time-share instrument, the association may bid to purchase the time-share estate at a foreclosure sale. The association may own, lease, encumber, exchange, sell, or convey the time-share estate. Whenever the written bid of the association is the highest bid submitted at the sale, such written bid shall be filed by the trustee with his account of sale required under subdivision 10 of this subsection and § 64.2-1309. The written bid submitted pursuant to this subsection may be prepared by the association, its agent, or its attorney.\n\t\t\t\tb. The association may require of any bidder at any sale a cash deposit of as much as one-third of the sale price before his bid is received, which shall be refunded to him if the time-share estate is not sold to him through action of the trustee. The deposit of the successful bidder shall be applied to his credit at settlement; if such bidder fails to complete his purchase promptly, the deposit shall be applied to pay the costs and expenses of the sale, and the balance, if any, shall be retained by the association in connection with that sale.\n\t\t\t\tc. The association shall receive and receipt for the proceeds of sale, no purchaser being required to see to the application of the proceeds, and shall apply such proceeds in the following order: first, to the reasonable expenses of sale, including reasonable attorney fees; second, to the satisfaction of all taxes, levies, and assessments, with costs and interest; third, to the satisfaction of the lien for the time-share estate owners’ assessments; fourth, to the satisfaction in the order of priority of any remaining inferior claims of record; and fifth, to pay the residue of the proceeds to the time-share estate owner or his assigns, provided, however, that the association as to such residue shall not be bound by any inheritance, devise, conveyance, assignment, or lien of or upon the unit owner’s equity, without actual notice thereof prior to distribution.","type":"section","prefixes":["D","8"],"prefix":"8","entire_prefix":"D8","prefix_anchor":"D8","level":2,"prior_prefix":"D7","next_prefix":"D9"},"20":{"id":299727,"text":"The trustee shall deliver to the purchaser a trustee’s deed conveying the time-share estate with special warranty of title. The trustee shall not be required to take possession of the time-share estate prior to the sale of such estate or deliver possession of the time-share estate to the purchaser at the sale.","type":"section","prefixes":["D","9"],"prefix":"9","entire_prefix":"D9","prefix_anchor":"D9","level":2,"prior_prefix":"D8","next_prefix":"D10"},"21":{"id":299728,"text":"If the sale of a time-share estate is made pursuant to this subsection and the accounting is made by the trustee, the title of the purchaser at such sale shall not be disturbed unless, within six months from the date of foreclosure, the sale is set aside by the court or an appeal is filed in the Court of Appeals or granted by the Supreme Court and an order is entered requiring such sale to be set aside.\n\t\t\t\tWhen payment or satisfaction is made of a debt secured by the lien perfected by this subsection, such lien shall be released in accordance with the provisions of § 55.1-339. For the purposes of § 55.1-339, any officer of the time-share estate owners’ association or its managing agent shall be deemed the duly authorized agent of the lien creditor.","type":"section","prefixes":["D","10"],"prefix":"10","entire_prefix":"D10","prefix_anchor":"D10","level":2,"prior_prefix":"D9","next_prefix":"E"},"22":{"id":299729,"text":"The commissioner of accounts to whom an account of sale is returned in connection with the foreclosure of either a lien under subsection C or a purchase money deed of trust taken back by the developer in the sale of a time-share in order to satisfy § 64.2-1309 shall be entitled to a fee, not to exceed $70, on each foreclosure of a lien under subsection C and not to exceed $125 on each foreclosure of a purchase money deed of trust taken back by the developer.","type":"section","prefixes":["E"],"prefix":"E","entire_prefix":"E","prefix_anchor":"E","level":1,"prior_prefix":"D10","next_prefix":"F"},"23":{"id":299730,"text":"Any time-share owner within the project having executed a contract for the disposition of the time-share shall be entitled, upon request, to a recordable statement setting forth the amount of unpaid regular or special assessments or maintenance fees currently levied against that time-share. Such request shall be in writing, directed to the president of the time-share estate owners’ association, and delivered to the principal office of the association. Failure of the association to furnish or make available such statement within 20 days from the actual receipt of such written request shall extinguish the lien created by subsection C as to the time-share involved. Payment of a fee reflecting the reasonable cost of materials and labor, not to exceed the actual cost of such materials and labor, may be required as a prerequisite to the issuance of such a statement.","type":"section","prefixes":["F"],"prefix":"F","entire_prefix":"F","prefix_anchor":"F","level":1,"prior_prefix":"E"}},"ancestry":[{"id":14759,"edition_id":1,"name":"Creation, Termination, and Management","identifier":"2","label":"article","depth":4,"order_by":1,"parent_id":13543,"metadata":{},"date_created":"2026-06-26 03:49:46","date_modified":"2026-06-26 03:49:46","permalink":{"id":247501,"object_type":"structure","relational_id":14759,"identifier":"2","token":"55.1\/IV\/22\/2","url":"\/55.1\/IV\/22\/2\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13543,"edition_id":1,"name":"Virginia Real Estate Time-Share Act","identifier":"22","label":"chapter","depth":3,"order_by":1,"parent_id":12914,"metadata":{},"date_created":"2026-06-26 03:45:10","date_modified":"2026-06-26 03:45:10","permalink":{"id":247469,"object_type":"structure","relational_id":13543,"identifier":"22","token":"55.1\/IV\/22","url":"\/55.1\/IV\/22\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12914,"edition_id":1,"name":"Common Interest Communities","identifier":"IV","label":"subtitle","depth":2,"order_by":1,"parent_id":12707,"metadata":{},"date_created":"2026-06-26 03:44:01","date_modified":"2026-06-26 03:44:01","permalink":{"id":246473,"object_type":"structure","relational_id":12914,"identifier":"IV","token":"55.1\/IV","url":"\/55.1\/IV\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12707,"edition_id":1,"name":"Property and Conveyances","identifier":"55.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":244769,"object_type":"structure","relational_id":12707,"identifier":"55.1","token":"55.1","url":"\/55.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":56514,"structure_id":14759,"section_number":"55.1-2207","catch_line":"Time-sharing permitted","url":"\/55.1-2207\/","token":"55.1\/IV\/22\/2\/55.1-2207","metadata":false},{"id":56830,"structure_id":14759,"section_number":"55.1-2208","catch_line":"Instruments","url":"\/55.1-2208\/","token":"55.1\/IV\/22\/2\/55.1-2208","metadata":false},{"id":66509,"structure_id":14759,"section_number":"55.1-2209","catch_line":"Time-share instrument for time-share estate project","url":"\/55.1-2209\/","token":"55.1\/IV\/22\/2\/55.1-2209","metadata":false},{"id":68868,"structure_id":14759,"section_number":"55.1-2210","catch_line":"Developer control in time-share estate program","url":"\/55.1-2210\/","token":"55.1\/IV\/22\/2\/55.1-2210","metadata":false},{"id":83628,"structure_id":14759,"section_number":"55.1-2211","catch_line":"Time-share estate owners' association control liens","url":"\/55.1-2211\/","token":"55.1\/IV\/22\/2\/55.1-2211","metadata":false},{"id":77365,"structure_id":14759,"section_number":"55.1-2212","catch_line":"Time-share owners' association books and records; meetings; use of email","url":"\/55.1-2212\/","token":"55.1\/IV\/22\/2\/55.1-2212","metadata":false},{"id":66226,"structure_id":14759,"section_number":"55.1-2213","catch_line":"Time-share estate owners' association annual report","url":"\/55.1-2213\/","token":"55.1\/IV\/22\/2\/55.1-2213","metadata":false},{"id":65671,"structure_id":14759,"section_number":"55.1-2214","catch_line":"Time-share instrument for project","url":"\/55.1-2214\/","token":"55.1\/IV\/22\/2\/55.1-2214","metadata":false},{"id":83312,"structure_id":14759,"section_number":"55.1-2215","catch_line":"Partition","url":"\/55.1-2215\/","token":"55.1\/IV\/22\/2\/55.1-2215","metadata":false},{"id":77213,"structure_id":14759,"section_number":"55.1-2216","catch_line":"Termination of certain time-shares","url":"\/55.1-2216\/","token":"55.1\/IV\/22\/2\/55.1-2216","metadata":false}],"previous_section":{"id":68868,"structure_id":14759,"section_number":"55.1-2210","catch_line":"Developer control in time-share estate program","url":"\/55.1-2210\/","token":"55.1\/IV\/22\/2\/55.1-2210","metadata":false},"next_section":{"id":77365,"structure_id":14759,"section_number":"55.1-2212","catch_line":"Time-share owners' association books and records; meetings; use of email","url":"\/55.1-2212\/","token":"55.1\/IV\/22\/2\/55.1-2212","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/55.1-2211\/","history_text":"

This law was first created in 1981. The record of its establishment is cataloged in chapter 462 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1981 \u201cActs\u201d aren\u2019t available online. It has been modified 12 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1985, chapter 517; in 1989, chapter 637; in 1991, chapter 704; in 1993, chapter 842; in 1994, chapters 432<\/a> and 580<\/a>; in 1998, chapter 460<\/a>; in 2001, chapter 543<\/a>; in 2006, chapter 653<\/a>; in 2007, chapter 267<\/a>; in 2012, chapter 406<\/a>; in 2013, chapters 259<\/a> and 327<\/a>; in 2019, chapter 712<\/a>.<\/p>","references":[{"id":61697,"section_number":"55.1-2201","catch_line":"Applicability","order_by":null,"url":"\/55.1-2201\/"}],"refers_to":[{"id":86197,"section_number":"34-4","catch_line":"Exemption created","order_by":null,"url":"\/34-4\/"},{"id":68868,"section_number":"55.1-2210","catch_line":"Developer control in time-share estate program","order_by":null,"url":"\/55.1-2210\/"},{"id":82066,"section_number":"55.1-339","catch_line":"Release of deed of trust or other lien","order_by":null,"url":"\/55.1-339\/"},{"id":68866,"section_number":"64.2-1309","catch_line":"Accounts of sales under deeds of trust","order_by":null,"url":"\/64.2-1309\/"}],"permalink":{"id":247519,"object_type":"law","relational_id":83628,"identifier":"55.1-2211","token":"55.1\/IV\/22\/2\/55.1-2211","url":"\/55.1-2211\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/55.1-2211\/","token":"55.1\/IV\/22\/2\/55.1-2211","dublin_core":{"Title":"Time-share estate owners’ association control liens","Type":"Text","Format":"text\/html","Identifier":"\u00a7 55.1-2211","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> The board of directors<\/span> of the association<\/span> shall have the authority to adopt regular annual assessments and to levy<\/span> periodic special assessments against each of the time-share estate<\/span> unit<\/span> owners<\/span> and to collect the same from such owners<\/span> according to law<\/span> if the purpose in so doing is determined by the board of directors<\/span> to be in the best interest of the time-share project<\/span> or time-share program<\/span> and the proceeds are used to either pay common expenses or fund a reserve. In addition, the board of directors<\/span> of the association<\/span> shall have the authority to collect, on behalf of the developer<\/span> or on its own account, the maintenance fee imposed by the developer<\/span> pursuant to § 55.1-2210<\/a>. The authority hereby granted and conferred upon the association<\/span> shall exist notwithstanding any covenants and restrictions of record applicable to the project stated to the contrary, and any such covenants and restrictions are hereby declared void. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> The developer<\/span> may provide that it not be obligated to pay all or a portion of any assessment, dues, or other charges of the association<\/span>, however denominated, passed, or adopted, pursuant to subsection A, if such developer<\/span> so provides, in bold type, in the time-share instrument<\/span> for the time-share estate<\/span> project. If no such provision exists, the developer<\/span> shall be responsible to pay the same assessment, dues, or other charges that a time-share estate<\/span> owner<\/span> is obligated to pay for each of its unsold time-shares<\/span> existing at the end of the fiscal year of the association<\/span> and no more if the board of directors<\/span> of the association<\/span> so determines. In no event shall either a time-share expense<\/span> or the dues, assessment, or charges of the association<\/span> discriminate against the developer<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> The association<\/span> shall have a lien<\/span> on every time-share estate<\/span> within its project for unpaid and past due regular or special assessments levied against that estate in accordance with the provisions of this chapter and for all unpaid and past due maintenance fees. The exemption created by \u00a7 34-4<\/a> shall not be claimed against the debt or lien<\/span> of the association<\/span> created by this section.\n\t\t\tThe association<\/span>, in order<\/span> to perfect the lien<\/span> given by this subsection, shall file, before the expiration of four years from the time such special or regular assessment or maintenance fee became due, in the clerk’s office of the county or city in which the project is situated, a memorandum<\/span> verified by the oath<\/span> of any officer of the association<\/span> or its managing agent<\/span> and containing the following information: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> The name and location of the project; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> The name and address of each owner<\/span> of the time-share on which the lien<\/span> exists and a description of the unit<\/span> in which the time-share is situated; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> The amount of past due special or regular assessments or past due maintenance fees applicable to the time-share, together with the date when each became due; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

4.<\/span> The amount of any other charges owing occasioned by the failure of the owner<\/span> to pay the assessments or maintenance fees, including late charges, interest, postage and handling, attorney fees, recording costs, and release fees; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

5.<\/span> The name, address, and telephone number of the association<\/span>’s trustee, if known at the time, who will be called upon by the association<\/span> to foreclose on the lien<\/span> upon the owner<\/span>’s failure to pay as provided in this subsection; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

6.<\/span> The date of issuance of the memorandum<\/span>.\n\t\t\t\tNotwithstanding any other provision of this chapter, or any other provision of law<\/span> requiring documents to be recorded in the deed<\/span> books of the clerk’s office of any court<\/span>, from July 1, 1981, all memoranda of liens<\/span> arising under this subsection shall be recorded in the deed<\/span> books in such clerk’s office. Any such memorandum<\/span> shall be indexed in the general index to deeds<\/span>, and such general index shall identify the lien<\/span> as a lien<\/span> for time-share estate<\/span> regular or special assessments or maintenance fees.\n\t\t\t\tThe clerk in whose office such memorandum<\/span> is filed as provided in this subsection shall record and index such memorandum<\/span> as provided in this subsection, in the names of the persons<\/span> identified in such memorandum<\/span> as well as in the name of the time-share estates<\/span> owners<\/span>’ association<\/span>. The cost of recording such memorandum<\/span> shall be taxed against the owner<\/span> of the time-share on which the lien<\/span> is placed. The filing with the clerk of one memorandum<\/span> on which is listed two or more delinquent time-share estate<\/span> unit<\/span> owners<\/span> is permitted in order<\/span> to perfect the lien<\/span> hereby allowed, and the cost of filing in this event shall be the clerk’s fee as prescribed in subdivision A 2 of § 17.1-275<\/a>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> At any time after perfecting the lien<\/span> pursuant to this section, the association<\/span> may sell the time-share estate<\/span> at a public sale, subject to prior liens<\/span>. For purposes of this section, the association<\/span> shall have the power both to sell and convey the time-share estate<\/span> and shall be deemed the time-share estate<\/span> owner<\/span>’s statutory agent for the purpose of transferring title to the time-share estate<\/span>. A nonjudicial foreclosure sale shall be conducted by a trustee and in accordance with the following: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> The association<\/span> shall give notice to the time-share estate<\/span> owner<\/span>, prior to advertisement, as required by subdivision 4. The notice shall specify (i) the debt secured by the perfected lien<\/span>; (ii) the action required to satisfy the debt secured by the perfected lien<\/span>; (iii) the date, not less than 60 days from the date the notice is given to the time-share estate<\/span> owner<\/span>, by which the debt secured by the lien<\/span> shall be satisfied; and (iv) that failure to satisfy the debt secured by the lien<\/span> on or before the date specified in the notice may result in the sale of the time-share estate<\/span>. The notice shall further inform the time-share estate<\/span> owner<\/span> of the right to bring a court<\/span> action in the circuit<\/span> court<\/span> of the county or city where the time-share project<\/span> is located to assert the nonexistence of a debt or any other defenses of the time-share estate<\/span> owner<\/span> to the sale. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> After expiration of the 60-day notice period provided in subdivision 1, the association<\/span> may appoint a trustee to conduct the sale. The appointment of the trustee shall be filed in the clerk’s office of the circuit<\/span> court<\/span> in the county or city in which the time-share project<\/span> is located. It shall be the duty of the clerk in whose office such appointment is filed to record and index the same, as provided in this subsection, in the names of the persons<\/span> identified therein as well as in the name of the association<\/span>. The association<\/span>, at its option, may from time to time remove the trustee and appoint a successor trustee. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> If, prior to the date of the foreclosure sale, the time-share estate<\/span> owner<\/span> (i) satisfies the debt secured by lien<\/span> that is the subject of the nonjudicial foreclosure sale and (ii) pays all expenses and costs incurred in perfecting and enforcing the lien<\/span>, including advertising costs and reasonable attorney fees, the time-share estate<\/span> owner<\/span> shall have the right to have enforcement of the perfected lien<\/span> discontinued prior to the sale of the time-share estate<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

4.<\/span> In addition to the advertisement required by subdivision 5, the association<\/span> shall give written notice of the time, date, and place of any proposed sale in execution of the lien<\/span>, including the name, address, and telephone number of the trustee, by personal delivery or by mail to (i) the present owner<\/span> of the time-share estate<\/span> to be sold at his last known address as such owner<\/span> and address appear in the records of the association<\/span>, (ii) any lienholder that holds a note<\/span> against the time-share estate<\/span> secured by a deed of trust<\/span> recorded at least 30 days prior to the proposed sale and whose address is recorded with the deed of trust<\/span>, and (iii) any assignee of such a note<\/span> secured by a deed of trust<\/span>, provided that the assignment and address of the assignee are likewise recorded at least 30 days prior to the proposed sale. Mailing a copy of the advertisement or the notice containing the same information to the owner<\/span> by certified or registered mail no less than 14 days prior to such sale and to the lienholders and their assigns, at the addresses noted in the memorandum<\/span> of lien<\/span>, by regular mail no less than 14 days prior to such sale shall be a sufficient compliance with the requirement of notice. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

5.<\/span> The advertisement of sale by the association<\/span> shall be in a newspaper having a general circulation in the county or city wherein the time-share estate<\/span> to be sold and the time-share project<\/span>, or any portion of such project, lies pursuant to the following provisions:\n\t\t\t\ta. The association<\/span> shall advertise once a week for four successive weeks; however, if the time-share estate<\/span> and the time-share project<\/span> or some portion of such project is located in a city or in a county immediately contiguous to a city, publication of the advertisement five different days, which may be consecutive days, shall be deemed adequate. The sale shall be held on any day following the day of the last advertisement that is no earlier than eight days following the first advertisement nor more than 30 days following the last advertisement.\n\t\t\t\tb. Such advertisement shall be placed in that section of the newspaper where legal notices appear or where the type of time-share estate<\/span> being sold is generally advertised for sale. The advertisement of sale, in addition to such other matters as the association<\/span> finds appropriate, shall set forth: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> A description of the time-share estate<\/span> to be sold, which description need not be as extensive as that contained in the deed of trust<\/span>, but shall identify the time-share project<\/span> by street address, if any, or, if none, shall give the general location of such time-share project<\/span> with reference to streets, routes, or known landmarks with further identification of the time-share estate<\/span> to be sold. Where available, tax map identification may be used. The advertisement shall also include the date, time, place, and terms of sale and the name of the association<\/span>. It shall set forth the name, address, and telephone number of the representative, agent, or attorney who is authorized to respond to inquiries concerning the sale; or <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> In lieu of the requirements of subdivision (1), the advertisement shall set forth the date, time, place, and terms of sale and the name of the association<\/span>; the street address of the time-share estate<\/span> to be sold, if any, or, if none, the general location of the time-share project<\/span>; and the name, address, and telephone number of the representative, agent, or attorney who is authorized to respond to inquiries and give additional information concerning the time-share estate<\/span> to be sold, including providing in hard copy or electronic form a description of the time-share estate<\/span> to be sold by street address, if any, or, if none, by the general location of the time-share project<\/span> with reference to streets, routes, or known landmarks, and, where available, tax map identification. The advertisement under this subdivision (2) shall also include a website address where the information contained in subdivision (1) is displayed for the time-share estate<\/span> to be sold.\n\t\t\t\t\tc. In addition to the advertisement required by subdivisions 5 a and b, the association<\/span> may give such other further and different advertisement as the association<\/span> finds appropriate. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

6.<\/span> In the event of postponement of the sale, which postponement shall be at the discretion of the association<\/span>, advertisement of the postponed sale shall be in the same manner as the original advertisement of sale. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

7.<\/span> Failure to comply with the requirements for advertisement contained in this section shall, upon petition<\/span>, render a sale of the property voidable by the court<\/span>. Such petition<\/span> shall be filed within 60 days of the sale or the right to do so shall lapse. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

8.<\/span> In the event of a sale, the association<\/span> shall have the following powers and duties:\n\t\t\t\ta. The association<\/span> may sell two or more time-share estates<\/span> at the sale. Written one-price bids may be made and shall be received by the trustee from the association<\/span> or any person<\/span> for entry by announcement at the sale. Any person<\/span> other than the trustee may bid at the foreclosure sale, including a person<\/span> that has submitted a written one-price bid. Upon request to the trustee, any other bidder in attendance at a foreclosure sale shall be permitted to inspect written bids. Unless otherwise provided in the time-share instrument<\/span>, the association<\/span> may bid to purchase the time-share estate<\/span> at a foreclosure sale. The association<\/span> may own, lease, encumber, exchange, sell, or convey the time-share estate<\/span>. Whenever the written bid of the association<\/span> is the highest bid submitted at the sale, such written bid shall be filed by the trustee with his account of sale required under subdivision 10 of this subsection and § 64.2-1309<\/a>. The written bid submitted pursuant to this subsection may be prepared by the association<\/span>, its agent, or its attorney.\n\t\t\t\tb. The association<\/span> may require of any bidder at any sale a cash deposit of as much as one-third of the sale price before his bid is received, which shall be refunded to him if the time-share estate<\/span> is not sold to him through action of the trustee. The deposit of the successful bidder shall be applied to his credit at settlement<\/span>; if such bidder fails to complete his purchase promptly, the deposit shall be applied to pay the costs and expenses of the sale, and the balance, if any, shall be retained by the association<\/span> in connection with that sale.\n\t\t\t\tc. The association<\/span> shall receive and receipt for the proceeds of sale, no purchaser<\/span> being required to see to the application of the proceeds, and shall apply such proceeds in the following order<\/span>: first, to the reasonable expenses of sale, including reasonable attorney fees; second, to the satisfaction of all taxes, levies, and assessments, with costs and interest; third, to the satisfaction of the lien<\/span> for the time-share estate<\/span> owners<\/span>’ assessments; fourth, to the satisfaction in the order<\/span> of priority of any remaining inferior claims of record; and fifth, to pay the residue of the proceeds to the time-share estate<\/span> owner<\/span> or his assigns, provided, however, that the association<\/span> as to such residue shall not be bound by any inheritance, devise, conveyance, assignment, or lien<\/span> of or upon the unit<\/span> owner<\/span>’s equity<\/span>, without actual notice thereof prior to distribution. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

9.<\/span> The trustee shall deliver to the purchaser<\/span> a trustee’s deed conveying the time-share estate<\/span> with special warranty of title. The trustee shall not be required to take possession<\/span> of the time-share estate<\/span> prior to the sale of such estate or deliver possession<\/span> of the time-share estate<\/span> to the purchaser<\/span> at the sale. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

10.<\/span> If the sale of a time-share estate<\/span> is made pursuant to this subsection and the accounting is made by the trustee, the title of the purchaser<\/span> at such sale shall not be disturbed unless, within six months from the date of foreclosure, the sale is set aside by the court<\/span> or an appeal<\/span> is filed in the Court<\/span> of Appeals<\/span> or granted by the Supreme Court<\/span> and an order<\/span> is entered requiring such sale to be set aside.\n\t\t\t\tWhen payment or satisfaction is made of a debt secured by the lien<\/span> perfected by this subsection, such lien<\/span> shall be released in accordance with the provisions of § 55.1-339<\/a>. For the purposes of § 55.1-339<\/a>, any officer of the time-share estate<\/span> owners<\/span>’ association<\/span> or its managing agent<\/span> shall be deemed the duly authorized agent of the lien<\/span> creditor<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

E.<\/span> The commissioner of accounts to whom an account of sale is returned in connection with the foreclosure of either a lien<\/span> under subsection C or a purchase money deed of trust<\/span> taken back by the developer<\/span> in the sale of a time-share in order<\/span> to satisfy § 64.2-1309<\/a> shall be entitled to a fee, not to exceed $70, on each foreclosure of a lien<\/span> under subsection C and not to exceed $125 on each foreclosure of a purchase money deed of trust<\/span> taken back by the developer<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

F.<\/span> Any time-share owner<\/span> within the project having executed a contract<\/span> for the disposition<\/span> of the time-share shall be entitled, upon request, to a recordable statement setting forth the amount of unpaid regular or special assessments or maintenance fees currently levied against that time-share. Such request shall be in writing, directed to the president of the time-share estate<\/span> owners<\/span>’ association<\/span>, and delivered to the principal office of the association<\/span>. Failure of the association<\/span> to furnish or make available such statement within 20 days from the actual receipt of such written request shall extinguish the lien<\/span> created by subsection C as to the time-share involved. Payment of a fee reflecting the reasonable cost of materials<\/span> and labor, not to exceed the actual cost of such materials<\/span> and labor, may be required as a prerequisite to the issuance of such a statement. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nTIME-SHARE ESTATE OWNERS’ ASSOCIATION CONTROL LIENS (\u00a7 55.1-2211)\n\nA. The board of directors of the association shall have the authority to adopt\nregular annual assessments and to levy periodic special assessments against each\nof the time-share estate unit owners and to collect the same from such owners\naccording to law if the purpose in so doing is determined by the board of\ndirectors to be in the best interest of the time-share project or time-share\nprogram and the proceeds are used to either pay common expenses or fund a\nreserve. In addition, the board of directors of the association shall have the\nauthority to collect, on behalf of the developer or on its own account, the\nmaintenance fee imposed by the developer pursuant to § 55.1-2210. The\nauthority hereby granted and conferred upon the association shall exist\nnotwithstanding any covenants and restrictions of record applicable to the\nproject stated to the contrary, and any such covenants and restrictions are\nhereby declared void.\n\nB. The developer may provide that it not be obligated to pay all or a portion of\nany assessment, dues, or other charges of the association, however denominated,\npassed, or adopted, pursuant to subsection A, if such developer so provides, in\nbold type, in the time-share instrument for the time-share estate project. If no\nsuch provision exists, the developer shall be responsible to pay the same\nassessment, dues, or other charges that a time-share estate owner is obligated\nto pay for each of its unsold time-shares existing at the end of the fiscal year\nof the association and no more if the board of directors of the association so\ndetermines. In no event shall either a time-share expense or the dues,\nassessment, or charges of the association discriminate against the developer.\n\nC. The association shall have a lien on every time-share estate within its\nproject for unpaid and past due regular or special assessments levied against\nthat estate in accordance with the provisions of this chapter and for all unpaid\nand past due maintenance fees. The exemption created by \u00a7 34-4 shall not be\nclaimed against the debt or lien of the association created by this section.\n\t\t\tThe association, in order to perfect the lien given by this subsection, shall\nfile, before the expiration of four years from the time such special or regular\nassessment or maintenance fee became due, in the clerk’s office of the\ncounty or city in which the project is situated, a memorandum verified by the\noath of any officer of the association or its managing agent and containing the\nfollowing information:\n\n 1. The name and location of the project;\n\n 2. The name and address of each owner of the time-share on which the lien\n exists and a description of the unit in which the time-share is situated;\n\n 3. The amount of past due special or regular assessments or past due\n maintenance fees applicable to the time-share, together with the date when\n each became due;\n\n 4. The amount of any other charges owing occasioned by the failure of the\n owner to pay the assessments or maintenance fees, including late charges,\n interest, postage and handling, attorney fees, recording costs, and release\n fees;\n\n 5. The name, address, and telephone number of the association’s trustee,\n if known at the time, who will be called upon by the association to foreclose\n on the lien upon the owner’s failure to pay as provided in this\n subsection; and\n\n 6. The date of issuance of the memorandum.\n \t\t\t\tNotwithstanding any other provision of this chapter, or any other\n provision of law requiring documents to be recorded in the deed books of the\n clerk’s office of any court, from July 1, 1981, all memoranda of liens\n arising under this subsection shall be recorded in the deed books in such\n clerk’s office. Any such memorandum shall be indexed in the general\n index to deeds, and such general index shall identify the lien as a lien for\n time-share estate regular or special assessments or maintenance fees.\n \t\t\t\tThe clerk in whose office such memorandum is filed as provided in this\n subsection shall record and index such memorandum as provided in this\n subsection, in the names of the persons identified in such memorandum as well\n as in the name of the time-share estates owners’ association. The cost\n of recording such memorandum shall be taxed against the owner of the\n time-share on which the lien is placed. The filing with the clerk of one\n memorandum on which is listed two or more delinquent time-share estate unit\n owners is permitted in order to perfect the lien hereby allowed, and the cost\n of filing in this event shall be the clerk’s fee as prescribed in\n subdivision A 2 of § 17.1-275.\n\nD. At any time after perfecting the lien pursuant to this section, the\nassociation may sell the time-share estate at a public sale, subject to prior\nliens. For purposes of this section, the association shall have the power both\nto sell and convey the time-share estate and shall be deemed the time-share\nestate owner’s statutory agent for the purpose of transferring title to\nthe time-share estate. A nonjudicial foreclosure sale shall be conducted by a\ntrustee and in accordance with the following:\n\n 1. The association shall give notice to the time-share estate owner, prior to\n advertisement, as required by subdivision 4. The notice shall specify (i) the\n debt secured by the perfected lien; (ii) the action required to satisfy the\n debt secured by the perfected lien; (iii) the date, not less than 60 days from\n the date the notice is given to the time-share estate owner, by which the debt\n secured by the lien shall be satisfied; and (iv) that failure to satisfy the\n debt secured by the lien on or before the date specified in the notice may\n result in the sale of the time-share estate. The notice shall further inform\n the time-share estate owner of the right to bring a court action in the\n circuit court of the county or city where the time-share project is located to\n assert the nonexistence of a debt or any other defenses of the time-share\n estate owner to the sale.\n\n 2. After expiration of the 60-day notice period provided in subdivision 1, the\n association may appoint a trustee to conduct the sale. The appointment of the\n trustee shall be filed in the clerk’s office of the circuit court in the\n county or city in which the time-share project is located. It shall be the\n duty of the clerk in whose office such appointment is filed to record and\n index the same, as provided in this subsection, in the names of the persons\n identified therein as well as in the name of the association. The association,\n at its option, may from time to time remove the trustee and appoint a\n successor trustee.\n\n 3. If, prior to the date of the foreclosure sale, the time-share estate owner\n (i) satisfies the debt secured by lien that is the subject of the nonjudicial\n foreclosure sale and (ii) pays all expenses and costs incurred in perfecting\n and enforcing the lien, including advertising costs and reasonable attorney\n fees, the time-share estate owner shall have the right to have enforcement of\n the perfected lien discontinued prior to the sale of the time-share estate.\n\n 4. In addition to the advertisement required by subdivision 5, the association\n shall give written notice of the time, date, and place of any proposed sale in\n execution of the lien, including the name, address, and telephone number of\n the trustee, by personal delivery or by mail to (i) the present owner of the\n time-share estate to be sold at his last known address as such owner and\n address appear in the records of the association, (ii) any lienholder that\n holds a note against the time-share estate secured by a deed of trust recorded\n at least 30 days prior to the proposed sale and whose address is recorded with\n the deed of trust, and (iii) any assignee of such a note secured by a deed of\n trust, provided that the assignment and address of the assignee are likewise\n recorded at least 30 days prior to the proposed sale. Mailing a copy of the\n advertisement or the notice containing the same information to the owner by\n certified or registered mail no less than 14 days prior to such sale and to\n the lienholders and their assigns, at the addresses noted in the memorandum of\n lien, by regular mail no less than 14 days prior to such sale shall be a\n sufficient compliance with the requirement of notice.\n\n 5. The advertisement of sale by the association shall be in a newspaper having\n a general circulation in the county or city wherein the time-share estate to\n be sold and the time-share project, or any portion of such project, lies\n pursuant to the following provisions:\n \t\t\t\ta. The association shall advertise once a week for four successive weeks;\n however, if the time-share estate and the time-share project or some portion\n of such project is located in a city or in a county immediately contiguous to\n a city, publication of the advertisement five different days, which may be\n consecutive days, shall be deemed adequate. The sale shall be held on any day\n following the day of the last advertisement that is no earlier than eight days\n following the first advertisement nor more than 30 days following the last\n advertisement.\n \t\t\t\tb. Such advertisement shall be placed in that section of the newspaper\n where legal notices appear or where the type of time-share estate being sold\n is generally advertised for sale. The advertisement of sale, in addition to\n such other matters as the association finds appropriate, shall set forth:\n\n 1. A description of the time-share estate to be sold, which description need\n not be as extensive as that contained in the deed of trust, but shall\n identify the time-share project by street address, if any, or, if none,\n shall give the general location of such time-share project with reference to\n streets, routes, or known landmarks with further identification of the\n time-share estate to be sold. Where available, tax map identification may be\n used. The advertisement shall also include the date, time, place, and terms\n of sale and the name of the association. It shall set forth the name,\n address, and telephone number of the representative, agent, or attorney who\n is authorized to respond to inquiries concerning the sale; or\n\n 2. In lieu of the requirements of subdivision (1), the advertisement shall\n set forth the date, time, place, and terms of sale and the name of the\n association; the street address of the time-share estate to be sold, if any,\n or, if none, the general location of the time-share project; and the name,\n address, and telephone number of the representative, agent, or attorney who\n is authorized to respond to inquiries and give additional information\n concerning the time-share estate to be sold, including providing in hard\n copy or electronic form a description of the time-share estate to be sold by\n street address, if any, or, if none, by the general location of the\n time-share project with reference to streets, routes, or known landmarks,\n and, where available, tax map identification. The advertisement under this\n subdivision (2) shall also include a website address where the information\n contained in subdivision (1) is displayed for the time-share estate to be\n sold.\n \t\t\t\t\tc. In addition to the advertisement required by subdivisions 5 a and b,\n the association may give such other further and different advertisement as\n the association finds appropriate.\n\n 6. In the event of postponement of the sale, which postponement shall be at\n the discretion of the association, advertisement of the postponed sale shall\n be in the same manner as the original advertisement of sale.\n\n 7. Failure to comply with the requirements for advertisement contained in this\n section shall, upon petition, render a sale of the property voidable by the\n court. Such petition shall be filed within 60 days of the sale or the right to\n do so shall lapse.\n\n 8. In the event of a sale, the association shall have the following powers and\n duties:\n \t\t\t\ta. The association may sell two or more time-share estates at the sale.\n Written one-price bids may be made and shall be received by the trustee from\n the association or any person for entry by announcement at the sale. Any\n person other than the trustee may bid at the foreclosure sale, including a\n person that has submitted a written one-price bid. Upon request to the\n trustee, any other bidder in attendance at a foreclosure sale shall be\n permitted to inspect written bids. Unless otherwise provided in the time-share\n instrument, the association may bid to purchase the time-share estate at a\n foreclosure sale. The association may own, lease, encumber, exchange, sell, or\n convey the time-share estate. Whenever the written bid of the association is\n the highest bid submitted at the sale, such written bid shall be filed by the\n trustee with his account of sale required under subdivision 10 of this\n subsection and § 64.2-1309. The written bid submitted pursuant to this\n subsection may be prepared by the association, its agent, or its attorney.\n \t\t\t\tb. The association may require of any bidder at any sale a cash deposit of\n as much as one-third of the sale price before his bid is received, which shall\n be refunded to him if the time-share estate is not sold to him through action\n of the trustee. The deposit of the successful bidder shall be applied to his\n credit at settlement; if such bidder fails to complete his purchase promptly,\n the deposit shall be applied to pay the costs and expenses of the sale, and\n the balance, if any, shall be retained by the association in connection with\n that sale.\n \t\t\t\tc. The association shall receive and receipt for the proceeds of sale, no\n purchaser being required to see to the application of the proceeds, and shall\n apply such proceeds in the following order: first, to the reasonable expenses\n of sale, including reasonable attorney fees; second, to the satisfaction of\n all taxes, levies, and assessments, with costs and interest; third, to the\n satisfaction of the lien for the time-share estate owners’ assessments;\n fourth, to the satisfaction in the order of priority of any remaining inferior\n claims of record; and fifth, to pay the residue of the proceeds to the\n time-share estate owner or his assigns, provided, however, that the\n association as to such residue shall not be bound by any inheritance, devise,\n conveyance, assignment, or lien of or upon the unit owner’s equity,\n without actual notice thereof prior to distribution.\n\n 9. The trustee shall deliver to the purchaser a trustee’s deed conveying\n the time-share estate with special warranty of title. The trustee shall not be\n required to take possession of the time-share estate prior to the sale of such\n estate or deliver possession of the time-share estate to the purchaser at the\n sale.\n\n 10. If the sale of a time-share estate is made pursuant to this subsection and\n the accounting is made by the trustee, the title of the purchaser at such sale\n shall not be disturbed unless, within six months from the date of foreclosure,\n the sale is set aside by the court or an appeal is filed in the Court of\n Appeals or granted by the Supreme Court and an order is entered requiring such\n sale to be set aside.\n \t\t\t\tWhen payment or satisfaction is made of a debt secured by the lien\n perfected by this subsection, such lien shall be released in accordance with\n the provisions of § 55.1-339. For the purposes of § 55.1-339, any\n officer of the time-share estate owners’ association or its managing\n agent shall be deemed the duly authorized agent of the lien creditor.\n\nE. The commissioner of accounts to whom an account of sale is returned in\nconnection with the foreclosure of either a lien under subsection C or a\npurchase money deed of trust taken back by the developer in the sale of a\ntime-share in order to satisfy § 64.2-1309 shall be entitled to a fee, not\nto exceed $70, on each foreclosure of a lien under subsection C and not to\nexceed $125 on each foreclosure of a purchase money deed of trust taken back by\nthe developer.\n\nF. Any time-share owner within the project having executed a contract for the\ndisposition of the time-share shall be entitled, upon request, to a recordable\nstatement setting forth the amount of unpaid regular or special assessments or\nmaintenance fees currently levied against that time-share. Such request shall be\nin writing, directed to the president of the time-share estate owners’\nassociation, and delivered to the principal office of the association. Failure\nof the association to furnish or make available such statement within 20 days\nfrom the actual receipt of such written request shall extinguish the lien\ncreated by subsection C as to the time-share involved. Payment of a fee\nreflecting the reasonable cost of materials and labor, not to exceed the actual\ncost of such materials and labor, may be required as a prerequisite to the\nissuance of such a statement.\n\nHISTORY: 1981, c. 462, \u00a7 55-370; 1985, c. 517; 1989, c. 637; 1991, c. 704;\n1993, c. 842; 1994, cc. 432, 580; 1998, c. 460; 2001, c. 543; 2006, c. 653;\n2007, c. 267; 2012, c. 406; 2013, cc. 259, 327; 2019, c. 712; 2021, Sp. Sess. I,\nc. 489.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}