{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/55.1-2242.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/55.1-2242.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/55.1-2242.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/55.1-2242.html"}],"law_id":63273,"edition_id":1,"section_id":63273,"structure_id":14138,"section_number":"55.1-2242","catch_line":"Annual report; amendments","history":"Code 1950, \u00a7 55-394; 1981, c. 462; 1985, c. 517, \u00a7 55-394.1; 1998, c. 460; 2006, c. 653; 2012, cc. 481, 797; 2019, c. 712; 2020, c. 1011.","full_text":"A\n\nThe developer shall file a report in the form prescribed by the Board’s regulations by June 30 of each year the registration is effective. The developer of any time-share program initially registered with the Board between January and June shall not be required to file an annual report for the year in which it was initially registered. The report shall reflect any material changes in information contained in the original application for registration or in the immediately preceding annual report, whichever is later, and shall be accompanied by the appropriate fee established by the Board’s regulations or pursuant to § 55.1-2240.B\n\nDuring the developer control period in a time-share estate program, the developer shall file a copy of the unit owners’ association annual report required by § 55.1-2213 along with the annual report required by this section.C\n\nThe developer shall amend or supplement its registration with the Board to report any material change in the information required by §§ 55.1-2217 and 55.1-2239. Such amendments or supplemental information shall be filed with the Board within 20 business days after the occurrence of the material change.","order_by":null,"text":{"0":{"id":230608,"text":"The developer shall file a report in the form prescribed by the Board’s regulations by June 30 of each year the registration is effective. The developer of any time-share program initially registered with the Board between January and June shall not be required to file an annual report for the year in which it was initially registered. The report shall reflect any material changes in information contained in the original application for registration or in the immediately preceding annual report, whichever is later, and shall be accompanied by the appropriate fee established by the Board’s regulations or pursuant to § 55.1-2240.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":230609,"text":"During the developer control period in a time-share estate program, the developer shall file a copy of the unit owners’ association annual report required by § 55.1-2213 along with the annual report required by this section.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":230610,"text":"The developer shall amend or supplement its registration with the Board to report any material change in the information required by §§ 55.1-2217 and 55.1-2239. Such amendments or supplemental information shall be filed with the Board within 20 business days after the occurrence of the material change.","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":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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/55.1-2242\/","history_text":"

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 1998, chapter 460<\/a>; in 2006, chapter 653<\/a>; in 2012, chapters 481<\/a> and 797<\/a>; in 2019, chapter 712<\/a>; in 2020, chapter 1011<\/a>.<\/p>","references":[{"id":81261,"section_number":"55.1-2228","catch_line":"Required resale disclosures","order_by":null,"url":"\/55.1-2228\/"},{"id":85456,"section_number":"55.1-2243","catch_line":"Termination of registration","order_by":null,"url":"\/55.1-2243\/"}],"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\/"},{"id":64589,"section_number":"55.1-2217","catch_line":"Public offering statement","order_by":null,"url":"\/55.1-2217\/"},{"id":70862,"section_number":"55.1-2239","catch_line":"Application for registration","order_by":null,"url":"\/55.1-2239\/"}],"permalink":{"id":247649,"object_type":"law","relational_id":63273,"identifier":"55.1-2242","token":"55.1\/IV\/22\/5\/55.1-2242","url":"\/55.1-2242\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/55.1-2242\/","token":"55.1\/IV\/22\/5\/55.1-2242","dublin_core":{"Title":"Annual report; amendments","Type":"Text","Format":"text\/html","Identifier":"\u00a7 55.1-2242","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> The developer<\/span> shall file a report in the form prescribed by the Board<\/span>’s regulations by June 30 of each year the registration is effective. The developer<\/span> of any time-share program<\/span> initially registered with the Board<\/span> between January and June shall not be required to file an annual report for the year in which it was initially registered. The report shall reflect any material changes<\/span> in information contained in the original application for registration or in the immediately preceding annual report, whichever is later, and shall be accompanied by the appropriate fee established by the Board<\/span>’s regulations or pursuant to § 55.1-2240<\/a>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> During the developer control period<\/span> in a time-share estate<\/span> program, the developer shall file a copy of the unit<\/span> owners<\/span>’ association<\/span> annual report required by § 55.1-2213<\/a> along with the annual report required by this section. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> The developer shall amend<\/span> or supplement its registration with the Board<\/span> to report any material change<\/span> in the information required by §§ 55.1-2217<\/a> and 55.1-2239<\/a>. Such amendments or supplemental information shall be filed with the Board<\/span> within 20 business days after the occurrence of the material change<\/span>. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nANNUAL REPORT; AMENDMENTS (\u00a7 55.1-2242)\n\nA. The developer shall file a report in the form prescribed by the Board’s\nregulations by June 30 of each year the registration is effective. The developer\nof any time-share program initially registered with the Board between January\nand June shall not be required to file an annual report for the year in which it\nwas initially registered. The report shall reflect any material changes in\ninformation contained in the original application for registration or in the\nimmediately preceding annual report, whichever is later, and shall be\naccompanied by the appropriate fee established by the Board’s regulations\nor pursuant to § 55.1-2240.\n\nB. During the developer control period in a time-share estate program, the\ndeveloper shall file a copy of the unit owners’ association annual report\nrequired by § 55.1-2213 along with the annual report required by this\nsection.\n\nC. The developer shall amend or supplement its registration with the Board to\nreport any material change in the information required by §§ 55.1-2217\nand 55.1-2239. Such amendments or supplemental information shall be filed with\nthe Board within 20 business days after the occurrence of the material change.\n\nHISTORY: Code 1950, \u00a7 55-394; 1981, c. 462; 1985, c. 517, \u00a7 55-394.1; 1998, c.\n460; 2006, c. 653; 2012, cc. 481, 797; 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}}