{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/55.1-2241.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/55.1-2241.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/55.1-2241.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/55.1-2241.html"}],"law_id":58458,"edition_id":1,"section_id":58458,"structure_id":14138,"section_number":"55.1-2241","catch_line":"Receipt of application; effectiveness of registration","history":"Code 1950, \u00a7 55-393; 1981, c. 462; 1985, c. 517, \u00a7 55-393.1; 2019, c. 712; 2020, c. 1011.","full_text":"A\n\nUpon receipt of the application for registration in proper form, the Board, within five business days, shall issue a notice of filing to the applicant. Within 20 days after receipt of the application, the Board shall review the application to determine whether the application and supporting documents satisfy the requirements of this chapter and the Board’s regulations. Within 60 days from the date of the notice of filing, the Board shall enter an order registering or rejecting the application. If no order of rejection is entered within 60 days from the date of the notice of filing, the time-share program shall be deemed registered unless the applicant has consented in writing to a delay.B\n\nIf the Board determines after review of the application and documents provided by the applicant that the requirements of § 55.1-2239 have been met, it shall issue an order registering the time-share program and shall designate the form of the public offering statement.C\n\nIf the Board determines that any of the requirements of § 55.1-2239 have not been met, the Board shall notify the applicant that the application for registration shall be corrected in the particulars specified within 20 days. If the requirements are not met within the time allowed, the Board shall enter an order rejecting the registration, which shall include the findings of fact upon which the order is based. The order rejecting the registration shall become effective 20 days after issuance. During this 20-day period, the applicant may petition for reconsideration and shall be entitled to a hearing or to correct the particulars specified in the Board’s notice. Such order of rejection shall not take effect, in any event, until such time as the hearing, if requested, is given to the applicant.","order_by":null,"text":{"0":{"id":214255,"text":"Upon receipt of the application for registration in proper form, the Board, within five business days, shall issue a notice of filing to the applicant. Within 20 days after receipt of the application, the Board shall review the application to determine whether the application and supporting documents satisfy the requirements of this chapter and the Board’s regulations. Within 60 days from the date of the notice of filing, the Board shall enter an order registering or rejecting the application. If no order of rejection is entered within 60 days from the date of the notice of filing, the time-share program shall be deemed registered unless the applicant has consented in writing to a delay.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":214256,"text":"If the Board determines after review of the application and documents provided by the applicant that the requirements of § 55.1-2239 have been met, it shall issue an order registering the time-share program and shall designate the form of the public offering statement.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":214257,"text":"If the Board determines that any of the requirements of § 55.1-2239 have not been met, the Board shall notify the applicant that the application for registration shall be corrected in the particulars specified within 20 days. If the requirements are not met within the time allowed, the Board shall enter an order rejecting the registration, which shall include the findings of fact upon which the order is based. The order rejecting the registration shall become effective 20 days after issuance. During this 20-day period, the applicant may petition for reconsideration and shall be entitled to a hearing or to correct the particulars specified in the Board’s notice. Such order of rejection shall not take effect, in any event, until such time as the hearing, if requested, is given to the applicant.","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":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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/55.1-2241\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 4 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 2019, chapter 712<\/a>; in 2020, chapter 1011<\/a>.<\/p>","references":[{"id":54508,"section_number":"55.1-2252","catch_line":"Penalties","order_by":null,"url":"\/55.1-2252\/"}],"refers_to":[{"id":70862,"section_number":"55.1-2239","catch_line":"Application for registration","order_by":null,"url":"\/55.1-2239\/"}],"permalink":{"id":247645,"object_type":"law","relational_id":58458,"identifier":"55.1-2241","token":"55.1\/IV\/22\/5\/55.1-2241","url":"\/55.1-2241\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/55.1-2241\/","token":"55.1\/IV\/22\/5\/55.1-2241","dublin_core":{"Title":"Receipt of application; effectiveness of registration","Type":"Text","Format":"text\/html","Identifier":"\u00a7 55.1-2241","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> Upon receipt of the application for registration in proper form, the Board<\/span>, within five business days, shall issue<\/span> a notice of filing to the applicant. Within 20 days after receipt of the application, the Board<\/span> shall review the application to determine whether the application and supporting documents satisfy the requirements of this chapter and the Board<\/span>’s regulations. Within 60 days from the date of the notice of filing, the Board<\/span> shall enter an order<\/span> registering or rejecting the application. If no order<\/span> of rejection is entered within 60 days from the date of the notice of filing, the time-share program<\/span> shall be deemed registered unless the applicant has consented in writing to a delay. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> If the Board<\/span> determines after review of the application and documents provided by the applicant that the requirements of § 55.1-2239<\/a> have been met, it shall issue<\/span> an order<\/span> registering the time-share program<\/span> and shall designate the form of the public offering statement<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> If the Board<\/span> determines that any of the requirements of § 55.1-2239<\/a> have not been met, the Board<\/span> shall notify the applicant that the application for registration shall be corrected in the particulars specified within 20 days. If the requirements are not met within the time allowed, the Board<\/span> shall enter an order<\/span> rejecting the registration, which shall include the findings<\/span> of fact<\/span> upon which the order<\/span> is based. The order<\/span> rejecting the registration shall become effective 20 days after issuance. During this 20-day period, the applicant may petition<\/span> for reconsideration and shall be entitled to a hearing<\/span> or to correct the particulars specified in the Board<\/span>’s notice. Such order<\/span> of rejection shall not take effect, in any event, until such time as the hearing<\/span>, if requested, is given to the applicant. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nRECEIPT OF APPLICATION; EFFECTIVENESS OF REGISTRATION (\u00a7 55.1-2241)\n\nA. Upon receipt of the application for registration in proper form, the Board,\nwithin five business days, shall issue a notice of filing to the applicant.\nWithin 20 days after receipt of the application, the Board shall review the\napplication to determine whether the application and supporting documents\nsatisfy the requirements of this chapter and the Board’s regulations.\nWithin 60 days from the date of the notice of filing, the Board shall enter an\norder registering or rejecting the application. If no order of rejection is\nentered within 60 days from the date of the notice of filing, the time-share\nprogram shall be deemed registered unless the applicant has consented in writing\nto a delay.\n\nB. If the Board determines after review of the application and documents\nprovided by the applicant that the requirements of § 55.1-2239 have been\nmet, it shall issue an order registering the time-share program and shall\ndesignate the form of the public offering statement.\n\nC. If the Board determines that any of the requirements of § 55.1-2239 have\nnot been met, the Board shall notify the applicant that the application for\nregistration shall be corrected in the particulars specified within 20 days. If\nthe requirements are not met within the time allowed, the Board shall enter an\norder rejecting the registration, which shall include the findings of fact upon\nwhich the order is based. The order rejecting the registration shall become\neffective 20 days after issuance. During this 20-day period, the applicant may\npetition for reconsideration and shall be entitled to a hearing or to correct\nthe particulars specified in the Board’s notice. Such order of rejection\nshall not take effect, in any event, until such time as the hearing, if\nrequested, is given to the applicant.\n\nHISTORY: Code 1950, \u00a7 55-393; 1981, c. 462; 1985, c. 517, \u00a7 55-393.1; 2019, c.\n712; 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}}