{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/55.1-2239.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/55.1-2239.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/55.1-2239.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/55.1-2239.html"}],"law_id":70862,"edition_id":1,"section_id":70862,"structure_id":14138,"section_number":"55.1-2239","catch_line":"Application for registration","history":"Code 1950, \u00a7 55-391; 1981, c. 462; 1985, c. 517, \u00a7 55-391.1; 1994, c. 580; 1998, c. 460; 2011, c. 605; 2019, c. 712; 2020, c. 1011.","full_text":"A\n\nThe application for registration shall be filed in a form prescribed by the Board&#8217;s regulations and shall include the following:1\n\nAn irrevocable appointment to the Board to receive service of process in any proceeding arising under this chapter against the developer or the developer&#8217;s agent if nonresidents of the Commonwealth;2\n\nThe states or jurisdictions in which an application for registration or similar document has been filed and any adverse order or judgment entered in connection with the time-share program by the regulatory authorities in each jurisdiction or by any court;3\n\nThe applicant&#8217;s name, address, and the organizational form, including the date and jurisdiction under which the applicant was organized, and the address of its principal office and each of its sales offices in the Commonwealth;4\n\nThe name, address, and principal occupation for the past five years of every officer of the applicant or person occupying a similar status or performing similar functions and the extent and nature of his interest in the applicant or the time-share program as of a specified date within 30 days of the filing of the application;5\n\nA statement, in a form acceptable to the Board, of the condition of the title to each time-share project included in the time-share program, including encumbrances as of a specified date within 30 days of the date of application, by a title opinion of a licensed attorney not a salaried employee, officer, or director of the applicant or owner, or by other evidence of a title acceptable to the Board;6\n\nA copy of the instruments that will be delivered to a purchaser and copies of the contracts and other agreements that a purchaser will be required to agree or to sign;7\n\nA copy of any management agreements, employment contracts, or other contracts or agreements affecting the use, maintenance, or access of all or any part of the time-share program;8\n\nA statement of the zoning and other governmental regulations affecting the use of a time-share project in a time-share program, including the site plans and building permits and their status and any existing tax and existing or proposed special taxes or assessments that affect the time-share;9\n\nA narrative description of the promotional plan for the disposition of the time-shares;10\n\nThe proposed public offering statement and its exhibits;11\n\nAny bonds required to be posted pursuant to the provisions of this chapter;12\n\nThe time-share estate owners&#8217; association annual report or budget required by &#xA7; 55.1-2213 to the extent available;13\n\nA description of the time-share program being submitted for registration; and14\n\nAny other information that the Board believes necessary to assure full and fair disclosure.B\n\nThe developer shall immediately report to the Board any material changes in the information contained in an application for registration.C\n\nNothing shall prevent a developer from including in the registration a time-share project where construction is yet to begin or, if construction has begun, where construction is not yet complete.","order_by":null,"text":{"0":{"id":255517,"text":"The application for registration shall be filed in a form prescribed by the Board&#8217;s regulations and shall include the following:","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"A1"},"1":{"id":255518,"text":"An irrevocable appointment to the Board to receive service of process in any proceeding arising under this chapter against the developer or the developer&#8217;s agent if nonresidents of the Commonwealth;","type":"section","prefixes":["A","1"],"prefix":"1","entire_prefix":"A1","prefix_anchor":"A1","level":2,"prior_prefix":"A","next_prefix":"A2"},"2":{"id":255519,"text":"The states or jurisdictions in which an application for registration or similar document has been filed and any adverse order or judgment entered in connection with the time-share program by the regulatory authorities in each jurisdiction or by any court;","type":"section","prefixes":["A","2"],"prefix":"2","entire_prefix":"A2","prefix_anchor":"A2","level":2,"prior_prefix":"A1","next_prefix":"A3"},"3":{"id":255520,"text":"The applicant&#8217;s name, address, and the organizational form, including the date and jurisdiction under which the applicant was organized, and the address of its principal office and each of its sales offices in the Commonwealth;","type":"section","prefixes":["A","3"],"prefix":"3","entire_prefix":"A3","prefix_anchor":"A3","level":2,"prior_prefix":"A2","next_prefix":"A4"},"4":{"id":255521,"text":"The name, address, and principal occupation for the past five years of every officer of the applicant or person occupying a similar status or performing similar functions and the extent and nature of his interest in the applicant or the time-share program as of a specified date within 30 days of the filing of the application;","type":"section","prefixes":["A","4"],"prefix":"4","entire_prefix":"A4","prefix_anchor":"A4","level":2,"prior_prefix":"A3","next_prefix":"A5"},"5":{"id":255522,"text":"A statement, in a form acceptable to the Board, of the condition of the title to each time-share project included in the time-share program, including encumbrances as of a specified date within 30 days of the date of application, by a title opinion of a licensed attorney not a salaried employee, officer, or director of the applicant or owner, or by other evidence of a title acceptable to the Board;","type":"section","prefixes":["A","5"],"prefix":"5","entire_prefix":"A5","prefix_anchor":"A5","level":2,"prior_prefix":"A4","next_prefix":"A6"},"6":{"id":255523,"text":"A copy of the instruments that will be delivered to a purchaser and copies of the contracts and other agreements that a purchaser will be required to agree or to sign;","type":"section","prefixes":["A","6"],"prefix":"6","entire_prefix":"A6","prefix_anchor":"A6","level":2,"prior_prefix":"A5","next_prefix":"A7"},"7":{"id":255524,"text":"A copy of any management agreements, employment contracts, or other contracts or agreements affecting the use, maintenance, or access of all or any part of the time-share program;","type":"section","prefixes":["A","7"],"prefix":"7","entire_prefix":"A7","prefix_anchor":"A7","level":2,"prior_prefix":"A6","next_prefix":"A8"},"8":{"id":255525,"text":"A statement of the zoning and other governmental regulations affecting the use of a time-share project in a time-share program, including the site plans and building permits and their status and any existing tax and existing or proposed special taxes or assessments that affect the time-share;","type":"section","prefixes":["A","8"],"prefix":"8","entire_prefix":"A8","prefix_anchor":"A8","level":2,"prior_prefix":"A7","next_prefix":"A9"},"9":{"id":255526,"text":"A narrative description of the promotional plan for the disposition of the time-shares;","type":"section","prefixes":["A","9"],"prefix":"9","entire_prefix":"A9","prefix_anchor":"A9","level":2,"prior_prefix":"A8","next_prefix":"A10"},"10":{"id":255527,"text":"The proposed public offering statement and its exhibits;","type":"section","prefixes":["A","10"],"prefix":"10","entire_prefix":"A10","prefix_anchor":"A10","level":2,"prior_prefix":"A9","next_prefix":"A11"},"11":{"id":255528,"text":"Any bonds required to be posted pursuant to the provisions of this chapter;","type":"section","prefixes":["A","11"],"prefix":"11","entire_prefix":"A11","prefix_anchor":"A11","level":2,"prior_prefix":"A10","next_prefix":"A12"},"12":{"id":255529,"text":"The time-share estate owners&#8217; association annual report or budget required by &#xA7; 55.1-2213 to the extent available;","type":"section","prefixes":["A","12"],"prefix":"12","entire_prefix":"A12","prefix_anchor":"A12","level":2,"prior_prefix":"A11","next_prefix":"A13"},"13":{"id":255530,"text":"A description of the time-share program being submitted for registration; and","type":"section","prefixes":["A","13"],"prefix":"13","entire_prefix":"A13","prefix_anchor":"A13","level":2,"prior_prefix":"A12","next_prefix":"A14"},"14":{"id":255531,"text":"Any other information that the Board believes necessary to assure full and fair disclosure.","type":"section","prefixes":["A","14"],"prefix":"14","entire_prefix":"A14","prefix_anchor":"A14","level":2,"prior_prefix":"A13","next_prefix":"B"},"15":{"id":255532,"text":"The developer shall immediately report to the Board any material changes in the information contained in an application for registration.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A14","next_prefix":"C"},"16":{"id":255533,"text":"Nothing shall prevent a developer from including in the registration a time-share project where construction is yet to begin or, if construction has begun, where construction is not yet complete.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B"}},"ancestry":[{"id":14138,"edition_id":1,"name":"Registration","identifier":"5","label":"article","depth":4,"order_by":1,"parent_id":13543,"metadata":{},"date_created":"2026-06-26 03:46:59","date_modified":"2026-06-26 03:46:59","permalink":{"id":247631,"object_type":"structure","relational_id":14138,"identifier":"5","token":"55.1\/IV\/22\/5","url":"\/55.1\/IV\/22\/5\/","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":62033,"structure_id":14138,"section_number":"55.1-2238","catch_line":"Registration of time-share program required","url":"\/55.1-2238\/","token":"55.1\/IV\/22\/5\/55.1-2238","metadata":false},{"id":70862,"structure_id":14138,"section_number":"55.1-2239","catch_line":"Application for registration","url":"\/55.1-2239\/","token":"55.1\/IV\/22\/5\/55.1-2239","metadata":false},{"id":62814,"structure_id":14138,"section_number":"55.1-2240","catch_line":"Filing fee","url":"\/55.1-2240\/","token":"55.1\/IV\/22\/5\/55.1-2240","metadata":false},{"id":58458,"structure_id":14138,"section_number":"55.1-2241","catch_line":"Receipt of application; effectiveness of registration","url":"\/55.1-2241\/","token":"55.1\/IV\/22\/5\/55.1-2241","metadata":false},{"id":63273,"structure_id":14138,"section_number":"55.1-2242","catch_line":"Annual report; amendments","url":"\/55.1-2242\/","token":"55.1\/IV\/22\/5\/55.1-2242","metadata":false},{"id":85456,"structure_id":14138,"section_number":"55.1-2243","catch_line":"Termination of registration","url":"\/55.1-2243\/","token":"55.1\/IV\/22\/5\/55.1-2243","metadata":false},{"id":67895,"structure_id":14138,"section_number":"55.1-2244","catch_line":"Registration required for time-share resellers; exemptions; prohibited practices","url":"\/55.1-2244\/","token":"55.1\/IV\/22\/5\/55.1-2244","metadata":false},{"id":55285,"structure_id":14138,"section_number":"55.1-2245","catch_line":"Recordkeeping by resellers","url":"\/55.1-2245\/","token":"55.1\/IV\/22\/5\/55.1-2245","metadata":false},{"id":69214,"structure_id":14138,"section_number":"55.1-2246","catch_line":"Alternative purchase; registration","url":"\/55.1-2246\/","token":"55.1\/IV\/22\/5\/55.1-2246","metadata":false}],"previous_section":{"id":62033,"structure_id":14138,"section_number":"55.1-2238","catch_line":"Registration of time-share program required","url":"\/55.1-2238\/","token":"55.1\/IV\/22\/5\/55.1-2238","metadata":false},"next_section":{"id":62814,"structure_id":14138,"section_number":"55.1-2240","catch_line":"Filing fee","url":"\/55.1-2240\/","token":"55.1\/IV\/22\/5\/55.1-2240","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/55.1-2239\/","history_text":"<p>The record of this law\u2019s original creation isn\u2019t available online. It has been modified 7 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 1981, chapter 462; in 1985, chapter 517; in 1994, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?941+ful+CHAP0580\">580<\/a>; in 1998, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?981+ful+CHAP0460\">460<\/a>; in 2011, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?111+ful+CHAP0605\">605<\/a>; in 2019, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?191+ful+CHAP0712\">712<\/a>; in 2020, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?201+ful+CHAP1011\">1011<\/a>.<\/p>","references":[{"id":64589,"section_number":"55.1-2217","catch_line":"Public offering statement","order_by":null,"url":"\/55.1-2217\/"},{"id":58458,"section_number":"55.1-2241","catch_line":"Receipt of application; effectiveness of registration","order_by":null,"url":"\/55.1-2241\/"},{"id":63273,"section_number":"55.1-2242","catch_line":"Annual report; amendments","order_by":null,"url":"\/55.1-2242\/"}],"refers_to":[{"id":66226,"section_number":"55.1-2213","catch_line":"Time-share estate owners' association annual report","order_by":null,"url":"\/55.1-2213\/"}],"permalink":{"id":247637,"object_type":"law","relational_id":70862,"identifier":"55.1-2239","token":"55.1\/IV\/22\/5\/55.1-2239","url":"\/55.1-2239\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/55.1-2239\/","token":"55.1\/IV\/22\/5\/55.1-2239","dublin_core":{"Title":"Application for registration","Type":"Text","Format":"text\/html","Identifier":"\u00a7 55.1-2239","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section id=\"A\"><p><span class=\"prefix-number\">A.<\/span> The application for registration shall be filed in a form prescribed by the <span class=\"dictionary\">Board<\/span>&#8217;s regulations and shall include the following: <a id=\"paragraph-255517\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/55.1-2239\/#A\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"A1\" class=\"indent-1\"><p><span class=\"prefix-number\">1.<\/span> An irrevocable appointment to the <span class=\"dictionary\">Board<\/span> to receive <span class=\"dictionary\">service of process<\/span> in any proceeding arising under this chapter against the <span class=\"dictionary\">developer<\/span> or the <span class=\"dictionary\">developer<\/span>&#8217;s agent if nonresidents of the Commonwealth; <a id=\"paragraph-255518\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/55.1-2239\/#A1\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"A2\" class=\"indent-1\"><p><span class=\"prefix-number\">2.<\/span> The states or <span class=\"dictionary\">jurisdictions<\/span> in which an application for registration or similar document has been filed and any adverse <span class=\"dictionary\">order<\/span> or <span class=\"dictionary\">judgment<\/span> entered in connection with the <span class=\"dictionary\">time-share program<\/span> by the regulatory authorities in each <span class=\"dictionary\">jurisdiction<\/span> or by any <span class=\"dictionary\">court<\/span>; <a id=\"paragraph-255519\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/55.1-2239\/#A2\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"A3\" class=\"indent-1\"><p><span class=\"prefix-number\">3.<\/span> The applicant&#8217;s name, address, and the organizational form, including the date and <span class=\"dictionary\">jurisdiction<\/span> under which the applicant was organized, and the address of its principal office and each of its sales offices in the Commonwealth; <a id=\"paragraph-255520\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/55.1-2239\/#A3\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"A4\" class=\"indent-1\"><p><span class=\"prefix-number\">4.<\/span> The name, address, and principal occupation for the past five years of every officer of the applicant or <span class=\"dictionary\">person<\/span> occupying a similar status or performing similar functions and the extent and nature of his interest in the applicant or the <span class=\"dictionary\">time-share program<\/span> as of a specified date within 30 days of the filing of the application; <a id=\"paragraph-255521\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/55.1-2239\/#A4\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"A5\" class=\"indent-1\"><p><span class=\"prefix-number\">5.<\/span> A statement, in a form acceptable to the <span class=\"dictionary\">Board<\/span>, of the condition of the title to each <span class=\"dictionary\">time-share project<\/span> included in the <span class=\"dictionary\">time-share program<\/span>, including encumbrances as of a specified date within 30 days of the date of application, by a title <span class=\"dictionary\">opinion<\/span> of a licensed attorney not a salaried employee, officer, or director of the applicant or <span class=\"dictionary\">owner<\/span>, or by other <span class=\"dictionary\">evidence<\/span> of a title acceptable to the <span class=\"dictionary\">Board<\/span>; <a id=\"paragraph-255522\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/55.1-2239\/#A5\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"A6\" class=\"indent-1\"><p><span class=\"prefix-number\">6.<\/span> A copy of the instruments that will be delivered to a <span class=\"dictionary\">purchaser<\/span> and copies of the <span class=\"dictionary\">contracts<\/span> and other agreements that a <span class=\"dictionary\">purchaser<\/span> will be required to agree or to sign; <a id=\"paragraph-255523\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/55.1-2239\/#A6\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"A7\" class=\"indent-1\"><p><span class=\"prefix-number\">7.<\/span> A copy of any management agreements, employment <span class=\"dictionary\">contracts<\/span>, or other <span class=\"dictionary\">contracts<\/span> or agreements affecting the use, maintenance, or access of all or any part of the <span class=\"dictionary\">time-share program<\/span>; <a id=\"paragraph-255524\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/55.1-2239\/#A7\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"A8\" class=\"indent-1\"><p><span class=\"prefix-number\">8.<\/span> A statement of the zoning and other governmental regulations affecting the use of a <span class=\"dictionary\">time-share project<\/span> in a <span class=\"dictionary\">time-share program<\/span>, including the site plans and building permits and their status and any existing tax and existing or proposed special taxes or assessments that affect the time-share; <a id=\"paragraph-255525\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/55.1-2239\/#A8\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"A9\" class=\"indent-1\"><p><span class=\"prefix-number\">9.<\/span> A narrative description of the promotional plan for the <span class=\"dictionary\">disposition<\/span> of the <span class=\"dictionary\">time-shares<\/span>; <a id=\"paragraph-255526\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/55.1-2239\/#A9\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"A10\" class=\"indent-1\"><p><span class=\"prefix-number\">10.<\/span> The proposed <span class=\"dictionary\">public offering statement<\/span> and its exhibits; <a id=\"paragraph-255527\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/55.1-2239\/#A10\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"A11\" class=\"indent-1\"><p><span class=\"prefix-number\">11.<\/span> Any <span class=\"dictionary\">bonds<\/span> required to be posted pursuant to the provisions of this chapter; <a id=\"paragraph-255528\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/55.1-2239\/#A11\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"A12\" class=\"indent-1\"><p><span class=\"prefix-number\">12.<\/span> The <span class=\"dictionary\">time-share estate<\/span> <span class=\"dictionary\">owners<\/span>&#8217; <span class=\"dictionary\">association<\/span> annual report or budget required by &#xA7; <a class=\"law\" title=\"Time-share estate owners&#039; association annual report\" href=\"\/55.1-2213\/\">55.1-2213<\/a> to the extent available; <a id=\"paragraph-255529\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/55.1-2239\/#A12\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"A13\" class=\"indent-1\"><p><span class=\"prefix-number\">13.<\/span> A description of the <span class=\"dictionary\">time-share program<\/span> being submitted for registration; and <a id=\"paragraph-255530\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/55.1-2239\/#A13\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"A14\" class=\"indent-1\"><p><span class=\"prefix-number\">14.<\/span> Any other information that the <span class=\"dictionary\">Board<\/span> believes necessary to assure full and fair disclosure. <a id=\"paragraph-255531\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/55.1-2239\/#A14\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"B\"><p><span class=\"prefix-number\">B.<\/span> The <span class=\"dictionary\">developer<\/span> shall immediately report to the <span class=\"dictionary\">Board<\/span> any <span class=\"dictionary\">material changes<\/span> in the information contained in an application for registration. <a id=\"paragraph-255532\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/55.1-2239\/#B\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"C\"><p><span class=\"prefix-number\">C.<\/span> Nothing shall prevent a <span class=\"dictionary\">developer<\/span> from including in the registration a <span class=\"dictionary\">time-share project<\/span> where construction is yet to begin or, if construction has begun, where construction is not yet complete. <a id=\"paragraph-255533\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/55.1-2239\/#C\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nAPPLICATION FOR REGISTRATION (\u00a7 55.1-2239)\n\nA. The application for registration shall be filed in a form prescribed by the\nBoard&#8217;s regulations and shall include the following:\n\n   1. An irrevocable appointment to the Board to receive service of process in\n   any proceeding arising under this chapter against the developer or the\n   developer&#8217;s agent if nonresidents of the Commonwealth;\n\n   2. The states or jurisdictions in which an application for registration or\n   similar document has been filed and any adverse order or judgment entered in\n   connection with the time-share program by the regulatory authorities in each\n   jurisdiction or by any court;\n\n   3. The applicant&#8217;s name, address, and the organizational form, including\n   the date and jurisdiction under which the applicant was organized, and the\n   address of its principal office and each of its sales offices in the\n   Commonwealth;\n\n   4. The name, address, and principal occupation for the past five years of\n   every officer of the applicant or person occupying a similar status or\n   performing similar functions and the extent and nature of his interest in the\n   applicant or the time-share program as of a specified date within 30 days of\n   the filing of the application;\n\n   5. A statement, in a form acceptable to the Board, of the condition of the\n   title to each time-share project included in the time-share program, including\n   encumbrances as of a specified date within 30 days of the date of application,\n   by a title opinion of a licensed attorney not a salaried employee, officer, or\n   director of the applicant or owner, or by other evidence of a title acceptable\n   to the Board;\n\n   6. A copy of the instruments that will be delivered to a purchaser and copies\n   of the contracts and other agreements that a purchaser will be required to\n   agree or to sign;\n\n   7. A copy of any management agreements, employment contracts, or other\n   contracts or agreements affecting the use, maintenance, or access of all or\n   any part of the time-share program;\n\n   8. A statement of the zoning and other governmental regulations affecting the\n   use of a time-share project in a time-share program, including the site plans\n   and building permits and their status and any existing tax and existing or\n   proposed special taxes or assessments that affect the time-share;\n\n   9. A narrative description of the promotional plan for the disposition of the\n   time-shares;\n\n   10. The proposed public offering statement and its exhibits;\n\n   11. Any bonds required to be posted pursuant to the provisions of this\n   chapter;\n\n   12. The time-share estate owners&#8217; association annual report or budget\n   required by &#xA7; 55.1-2213 to the extent available;\n\n   13. A description of the time-share program being submitted for registration;\n   and\n\n   14. Any other information that the Board believes necessary to assure full and\n   fair disclosure.\n\nB. The developer shall immediately report to the Board any material changes in\nthe information contained in an application for registration.\n\nC. Nothing shall prevent a developer from including in the registration a\ntime-share project where construction is yet to begin or, if construction has\nbegun, where construction is not yet complete.\n\nHISTORY: Code 1950, \u00a7 55-391; 1981, c. 462; 1985, c. 517, \u00a7 55-391.1; 1994, c.\n580; 1998, c. 460; 2011, c. 605; 2019, c. 712; 2020, c. 1011.","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}}