{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/55.1-2235.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/55.1-2235.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/55.1-2235.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/55.1-2235.html"}],"law_id":72776,"edition_id":1,"section_id":72776,"structure_id":14271,"section_number":"55.1-2235","catch_line":"Financing of time-share programs","history":"1981, c. 462, \u00a7 55-387; 1985, c. 517; 2019, c. 712.","full_text":"In the developer’s financing of a time-share program, the developer shall retain financial records of the schedule of payments required to be made and the payments made by it to any person or entity that is the holder of an underlying blanket mortgage, deed of trust, contract of sale, or other lien or encumbrance.","order_by":null,"text":{"0":{"id":262129,"text":"In the developer’s financing of a time-share program, the developer shall retain financial records of the schedule of payments required to be made and the payments made by it to any person or entity that is the holder of an underlying blanket mortgage, deed of trust, contract of sale, or other lien or encumbrance.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":14271,"edition_id":1,"name":"Financing","identifier":"4","label":"article","depth":4,"order_by":1,"parent_id":13543,"metadata":{},"date_created":"2026-06-26 03:47:33","date_modified":"2026-06-26 03:47:33","permalink":{"id":247617,"object_type":"structure","relational_id":14271,"identifier":"4","token":"55.1\/IV\/22\/4","url":"\/55.1\/IV\/22\/4\/","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":72776,"structure_id":14271,"section_number":"55.1-2235","catch_line":"Financing of time-share programs","url":"\/55.1-2235\/","token":"55.1\/IV\/22\/4\/55.1-2235","metadata":false},{"id":55533,"structure_id":14271,"section_number":"55.1-2236","catch_line":"Purchaser's rights under developer's foreclosure","url":"\/55.1-2236\/","token":"55.1\/IV\/22\/4\/55.1-2236","metadata":false},{"id":86681,"structure_id":14271,"section_number":"55.1-2237","catch_line":"Protection of lien holder","url":"\/55.1-2237\/","token":"55.1\/IV\/22\/4\/55.1-2237","metadata":false}],"next_section":{"id":55533,"structure_id":14271,"section_number":"55.1-2236","catch_line":"Purchaser's rights under developer's foreclosure","url":"\/55.1-2236\/","token":"55.1\/IV\/22\/4\/55.1-2236","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/55.1-2235\/","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 2 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 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":false,"permalink":{"id":247619,"object_type":"law","relational_id":72776,"identifier":"55.1-2235","token":"55.1\/IV\/22\/4\/55.1-2235","url":"\/55.1-2235\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/55.1-2235\/","token":"55.1\/IV\/22\/4\/55.1-2235","dublin_core":{"Title":"Financing of time-share programs","Type":"Text","Format":"text\/html","Identifier":"\u00a7 55.1-2235","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

In the developer<\/span>’s financing of a time-share program<\/span>, the developer<\/span> shall retain financial records of the schedule of payments required to be made and the payments made by it to any person<\/span> or entity that is the holder of an underlying blanket mortgage, deed of trust<\/span>, contract<\/span> of sale, or other lien<\/span> or encumbrance.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nFINANCING OF TIME-SHARE PROGRAMS (\u00a7 55.1-2235)\n\nIn the developer’s financing of a time-share program, the developer shall\nretain financial records of the schedule of payments required to be made and the\npayments made by it to any person or entity that is the holder of an underlying\nblanket mortgage, deed of trust, contract of sale, or other lien or encumbrance.\n\nHISTORY: 1981, c. 462, \u00a7 55-387; 1985, c. 517; 2019, 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}}