{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/55.1-2218.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/55.1-2218.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/55.1-2218.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/55.1-2218.html"}],"law_id":70516,"edition_id":1,"section_id":70516,"structure_id":14946,"section_number":"55.1-2218","catch_line":"Certain advertising practices regulated","history":"1983, c. 59, \u00a7 55-374.1; 1984, c. 333; 1985, c. 517; 1991, c. 704; 1994, c. 580; 1996, c. 372; 1998, c. 460; 2006, c. 653; 2008, cc. 851, 871; 2019, c. 712.","full_text":"A\n\nAny offering that includes a gift or prize shall disclose in such offering, with the same prominence as such offer:1\n\nThe retail value of each gift or prize;2\n\nThe approximate odds against any given person obtaining each gift or prize if all persons to whom the advertisement is disseminated do what is necessary to qualify for the award of the gift or prize;3\n\nIf the number of gifts or prizes to be awarded is limited, a statement of the number of gifts or prizes to be awarded or, in lieu of such statement, the nature of such limitation;4\n\nAll rules, terms, requirements, and conditions that shall be fulfilled before a prospective purchaser may claim any gift or prize, including whether the prospective purchaser is required to attend a sales presentation in order to receive the gift or prize;5\n\nThe date upon which the offer expires; and6\n\nA statement to the effect that the offer is being made for the purpose of soliciting the purchase of a time-share, time-share interest, interval ownership, interval ownership interest, vacation ownership, vacation ownership interest, or product, as appropriate.B\n\nAny gift or prize offered in connection with an offering shall be delivered to the prospective purchaser no later than the day the purchaser attends a sales presentation, if required, and if not, on the day the purchaser appears to claim it, whether or not he purchases a time-share. In the event that the supply of gifts or prizes is exhausted at the time required for delivery, the developer shall give the prospective purchaser a written, unconditional promise to deliver such gift or prize no later than 30 days from the date required for delivery. If such gift or prize is not obtainable, the developer shall deliver an item of equal or greater value.C\n\nThe offering or sale of any product registered with the Board is exempt from the Virginia Securities Act (§ 13.1-501 et seq.), Chapter 9 (§ 55.1-900 et seq.), the Virginia Condominium Act (§ 55.1-1900 et seq.), the Subdivided Land Sales Act (§ 55.1-2300 et seq.), the Virginia Home Solicitation Sales Act (§ 59.1-21.1 et seq.), the Prizes and Gifts Act (§ 59.1-415 et seq.), and the Virginia Travel Club Act (§ 59.1-445 et seq.).","order_by":null,"text":{"0":{"id":254437,"text":"Any offering that includes a gift or prize shall disclose in such offering, with the same prominence as such offer:","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"A1"},"1":{"id":254438,"text":"The retail value of each gift or prize;","type":"section","prefixes":["A","1"],"prefix":"1","entire_prefix":"A1","prefix_anchor":"A1","level":2,"prior_prefix":"A","next_prefix":"A2"},"2":{"id":254439,"text":"The approximate odds against any given person obtaining each gift or prize if all persons to whom the advertisement is disseminated do what is necessary to qualify for the award of the gift or prize;","type":"section","prefixes":["A","2"],"prefix":"2","entire_prefix":"A2","prefix_anchor":"A2","level":2,"prior_prefix":"A1","next_prefix":"A3"},"3":{"id":254440,"text":"If the number of gifts or prizes to be awarded is limited, a statement of the number of gifts or prizes to be awarded or, in lieu of such statement, the nature of such limitation;","type":"section","prefixes":["A","3"],"prefix":"3","entire_prefix":"A3","prefix_anchor":"A3","level":2,"prior_prefix":"A2","next_prefix":"A4"},"4":{"id":254441,"text":"All rules, terms, requirements, and conditions that shall be fulfilled before a prospective purchaser may claim any gift or prize, including whether the prospective purchaser is required to attend a sales presentation in order to receive the gift or prize;","type":"section","prefixes":["A","4"],"prefix":"4","entire_prefix":"A4","prefix_anchor":"A4","level":2,"prior_prefix":"A3","next_prefix":"A5"},"5":{"id":254442,"text":"The date upon which the offer expires; and","type":"section","prefixes":["A","5"],"prefix":"5","entire_prefix":"A5","prefix_anchor":"A5","level":2,"prior_prefix":"A4","next_prefix":"A6"},"6":{"id":254443,"text":"A statement to the effect that the offer is being made for the purpose of soliciting the purchase of a time-share, time-share interest, interval ownership, interval ownership interest, vacation ownership, vacation ownership interest, or product, as appropriate.","type":"section","prefixes":["A","6"],"prefix":"6","entire_prefix":"A6","prefix_anchor":"A6","level":2,"prior_prefix":"A5","next_prefix":"B"},"7":{"id":254444,"text":"Any gift or prize offered in connection with an offering shall be delivered to the prospective purchaser no later than the day the purchaser attends a sales presentation, if required, and if not, on the day the purchaser appears to claim it, whether or not he purchases a time-share. In the event that the supply of gifts or prizes is exhausted at the time required for delivery, the developer shall give the prospective purchaser a written, unconditional promise to deliver such gift or prize no later than 30 days from the date required for delivery. If such gift or prize is not obtainable, the developer shall deliver an item of equal or greater value.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A6","next_prefix":"C"},"8":{"id":254445,"text":"The offering or sale of any product registered with the Board is exempt from the Virginia Securities Act (§ 13.1-501 et seq.), Chapter 9 (§ 55.1-900 et seq.), the Virginia Condominium Act (§ 55.1-1900 et seq.), the Subdivided Land Sales Act (§ 55.1-2300 et seq.), the Virginia Home Solicitation Sales Act (§ 59.1-21.1 et seq.), the Prizes and Gifts Act (§ 59.1-415 et seq.), and the Virginia Travel Club Act (§ 59.1-445 et seq.).","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B"}},"ancestry":[{"id":14946,"edition_id":1,"name":"Protection of Purchasers","identifier":"3","label":"article","depth":4,"order_by":1,"parent_id":13543,"metadata":{},"date_created":"2026-06-26 03:50:59","date_modified":"2026-06-26 03:50:59","permalink":{"id":247543,"object_type":"structure","relational_id":14946,"identifier":"3","token":"55.1\/IV\/22\/3","url":"\/55.1\/IV\/22\/3\/","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":64589,"structure_id":14946,"section_number":"55.1-2217","catch_line":"Public offering statement","url":"\/55.1-2217\/","token":"55.1\/IV\/22\/3\/55.1-2217","metadata":false},{"id":70516,"structure_id":14946,"section_number":"55.1-2218","catch_line":"Certain advertising practices regulated","url":"\/55.1-2218\/","token":"55.1\/IV\/22\/3\/55.1-2218","metadata":false},{"id":82622,"structure_id":14946,"section_number":"55.1-2219","catch_line":"Exchange programs","url":"\/55.1-2219\/","token":"55.1\/IV\/22\/3\/55.1-2219","metadata":false},{"id":65782,"structure_id":14946,"section_number":"55.1-2220","catch_line":"Escrow of deposits; use of corporate surety bond or irrevocable letter of credit","url":"\/55.1-2220\/","token":"55.1\/IV\/22\/3\/55.1-2220","metadata":false},{"id":57032,"structure_id":14946,"section_number":"55.1-2221","catch_line":"Purchaser's rights of cancellation","url":"\/55.1-2221\/","token":"55.1\/IV\/22\/3\/55.1-2221","metadata":false},{"id":58820,"structure_id":14946,"section_number":"55.1-2222","catch_line":"Possibility of reverter","url":"\/55.1-2222\/","token":"55.1\/IV\/22\/3\/55.1-2222","metadata":false},{"id":64333,"structure_id":14946,"section_number":"55.1-2223","catch_line":"Recording and delivery of deed","url":"\/55.1-2223\/","token":"55.1\/IV\/22\/3\/55.1-2223","metadata":false},{"id":57283,"structure_id":14946,"section_number":"55.1-2224","catch_line":"Liability limited; liability actions prohibited","url":"\/55.1-2224\/","token":"55.1\/IV\/22\/3\/55.1-2224","metadata":false},{"id":67991,"structure_id":14946,"section_number":"55.1-2225","catch_line":"Warning required","url":"\/55.1-2225\/","token":"55.1\/IV\/22\/3\/55.1-2225","metadata":false},{"id":70835,"structure_id":14946,"section_number":"55.1-2226","catch_line":"Buyer's Acknowledgment","url":"\/55.1-2226\/","token":"55.1\/IV\/22\/3\/55.1-2226","metadata":false},{"id":80782,"structure_id":14946,"section_number":"55.1-2227","catch_line":"Resale of time-shares","url":"\/55.1-2227\/","token":"55.1\/IV\/22\/3\/55.1-2227","metadata":false},{"id":81261,"structure_id":14946,"section_number":"55.1-2228","catch_line":"Required resale disclosures","url":"\/55.1-2228\/","token":"55.1\/IV\/22\/3\/55.1-2228","metadata":false},{"id":60659,"structure_id":14946,"section_number":"55.1-2229","catch_line":"Liens","url":"\/55.1-2229\/","token":"55.1\/IV\/22\/3\/55.1-2229","metadata":false},{"id":80677,"structure_id":14946,"section_number":"55.1-2230","catch_line":"Effect of violations on rights of action; attorney fees; prior determination of Common Interest Community Board required for certain violations","url":"\/55.1-2230\/","token":"55.1\/IV\/22\/3\/55.1-2230","metadata":false},{"id":85586,"structure_id":14946,"section_number":"55.1-2231","catch_line":"Statute of limitations; actions; limitation on rescission rights","url":"\/55.1-2231\/","token":"55.1\/IV\/22\/3\/55.1-2231","metadata":false},{"id":75281,"structure_id":14946,"section_number":"55.1-2232","catch_line":"Class actions","url":"\/55.1-2232\/","token":"55.1\/IV\/22\/3\/55.1-2232","metadata":false},{"id":62762,"structure_id":14946,"section_number":"55.1-2233","catch_line":"Financial records","url":"\/55.1-2233\/","token":"55.1\/IV\/22\/3\/55.1-2233","metadata":false},{"id":64251,"structure_id":14946,"section_number":"55.1-2234","catch_line":"Developer's obligation to complete","url":"\/55.1-2234\/","token":"55.1\/IV\/22\/3\/55.1-2234","metadata":false}],"previous_section":{"id":64589,"structure_id":14946,"section_number":"55.1-2217","catch_line":"Public offering statement","url":"\/55.1-2217\/","token":"55.1\/IV\/22\/3\/55.1-2217","metadata":false},"next_section":{"id":82622,"structure_id":14946,"section_number":"55.1-2219","catch_line":"Exchange programs","url":"\/55.1-2219\/","token":"55.1\/IV\/22\/3\/55.1-2219","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/55.1-2218\/","history_text":"

This law was first created in 1983. The record of its establishment is cataloged in chapter 59 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 1983 \u201cActs\u201d aren\u2019t available online. It has been modified 9 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 1984, chapter 333; in 1985, chapter 517; in 1991, chapter 704; in 1994, chapter 580<\/a>; in 1996, chapter 372<\/a>; in 1998, chapter 460<\/a>; in 2006, chapter 653<\/a>; in 2008, chapters 851<\/a> and 871<\/a>; in 2019, chapter 712<\/a>.<\/p>","references":[{"id":54508,"section_number":"55.1-2252","catch_line":"Penalties","order_by":null,"url":"\/55.1-2252\/"}],"refers_to":[{"id":75080,"section_number":"13.1-501","catch_line":"Definitions","order_by":null,"url":"\/13.1-501\/"},{"id":55215,"section_number":"55.1-1900","catch_line":"Definitions","order_by":null,"url":"\/55.1-1900\/"},{"id":71715,"section_number":"55.1-2300","catch_line":"Definitions","order_by":null,"url":"\/55.1-2300\/"},{"id":79247,"section_number":"55.1-900","catch_line":"Definitions","order_by":null,"url":"\/55.1-900\/"},{"id":86348,"section_number":"59.1-21.1","catch_line":"Citation of chapter","order_by":null,"url":"\/59.1-21.1\/"},{"id":61833,"section_number":"59.1-415","catch_line":"Definitions","order_by":null,"url":"\/59.1-415\/"},{"id":64127,"section_number":"59.1-445","catch_line":"Definitions","order_by":null,"url":"\/59.1-445\/"}],"permalink":{"id":247549,"object_type":"law","relational_id":70516,"identifier":"55.1-2218","token":"55.1\/IV\/22\/3\/55.1-2218","url":"\/55.1-2218\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/55.1-2218\/","token":"55.1\/IV\/22\/3\/55.1-2218","dublin_core":{"Title":"Certain advertising practices regulated","Type":"Text","Format":"text\/html","Identifier":"\u00a7 55.1-2218","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> Any offering<\/span> that includes a gift or prize shall disclose in such offering<\/span>, with the same prominence as such offer<\/span>: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> The retail value of each gift or prize; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> The approximate odds against any given person<\/span> obtaining each gift or prize if all persons<\/span> to whom the advertisement is disseminated do what is necessary to qualify for the award of the gift or prize; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> If the number of gifts or prizes to be awarded is limited, a statement of the number of gifts or prizes to be awarded or, in lieu of such statement, the nature of such limitation; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

4.<\/span> All rules, terms, requirements, and conditions that shall be fulfilled before a prospective purchaser<\/span> may claim any gift or prize, including whether the prospective purchaser<\/span> is required to attend a sales presentation in order<\/span> to receive the gift or prize; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

5.<\/span> The date upon which the offer<\/span> expires; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

6.<\/span> A statement to the effect that the offer<\/span> is being made for the purpose of soliciting the purchase of a time-share<\/span>, time-share<\/span> interest, interval ownership, interval ownership interest, vacation ownership, vacation ownership interest, or product<\/span>, as appropriate. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> Any gift or prize offered in connection with an offering<\/span> shall be delivered to the prospective purchaser<\/span> no later than the day the purchaser<\/span> attends a sales presentation, if required, and if not, on the day the purchaser<\/span> appears to claim it, whether or not he purchases a time-share<\/span>. In the event that the supply of gifts or prizes is exhausted at the time required for delivery, the developer<\/span> shall give the prospective purchaser<\/span> a written, unconditional promise to deliver such gift or prize no later than 30 days from the date required for delivery. If such gift or prize is not obtainable, the developer<\/span> shall deliver an item of equal or greater value. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> The offering<\/span> or sale of any product<\/span> registered with the Board<\/span> is exempt from the Virginia Securities Act (§ 13.1-501<\/a> et seq.), Chapter 9 (§ 55.1-900<\/a> et seq.), the Virginia Condominium Act (§ 55.1-1900<\/a> et seq.), the Subdivided Land Sales Act (§ 55.1-2300<\/a> et seq.), the Virginia Home Solicitation Sales Act (§ 59.1-21.1<\/a> et seq.), the Prizes and Gifts Act (§ 59.1-415<\/a> et seq.), and the Virginia Travel Club Act (§ 59.1-445<\/a> et seq.). <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nCERTAIN ADVERTISING PRACTICES REGULATED (\u00a7 55.1-2218)\n\nA. Any offering that includes a gift or prize shall disclose in such offering,\nwith the same prominence as such offer:\n\n 1. The retail value of each gift or prize;\n\n 2. The approximate odds against any given person obtaining each gift or prize\n if all persons to whom the advertisement is disseminated do what is necessary\n to qualify for the award of the gift or prize;\n\n 3. If the number of gifts or prizes to be awarded is limited, a statement of\n the number of gifts or prizes to be awarded or, in lieu of such statement, the\n nature of such limitation;\n\n 4. All rules, terms, requirements, and conditions that shall be fulfilled\n before a prospective purchaser may claim any gift or prize, including whether\n the prospective purchaser is required to attend a sales presentation in order\n to receive the gift or prize;\n\n 5. The date upon which the offer expires; and\n\n 6. A statement to the effect that the offer is being made for the purpose of\n soliciting the purchase of a time-share, time-share interest, interval\n ownership, interval ownership interest, vacation ownership, vacation ownership\n interest, or product, as appropriate.\n\nB. Any gift or prize offered in connection with an offering shall be delivered\nto the prospective purchaser no later than the day the purchaser attends a sales\npresentation, if required, and if not, on the day the purchaser appears to claim\nit, whether or not he purchases a time-share. In the event that the supply of\ngifts or prizes is exhausted at the time required for delivery, the developer\nshall give the prospective purchaser a written, unconditional promise to deliver\nsuch gift or prize no later than 30 days from the date required for delivery. If\nsuch gift or prize is not obtainable, the developer shall deliver an item of\nequal or greater value.\n\nC. The offering or sale of any product registered with the Board is exempt from\nthe Virginia Securities Act (§ 13.1-501 et seq.), Chapter 9 (§\n55.1-900 et seq.), the Virginia Condominium Act (§ 55.1-1900 et seq.), the\nSubdivided Land Sales Act (§ 55.1-2300 et seq.), the Virginia Home\nSolicitation Sales Act (§ 59.1-21.1 et seq.), the Prizes and Gifts Act\n(§ 59.1-415 et seq.), and the Virginia Travel Club Act (§ 59.1-445 et\nseq.).\n\nHISTORY: 1983, c. 59, \u00a7 55-374.1; 1984, c. 333; 1985, c. 517; 1991, c. 704;\n1994, c. 580; 1996, c. 372; 1998, c. 460; 2006, c. 653; 2008, cc. 851, 871;\n2019, c. 712.","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}}