{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/55.1-2246.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/55.1-2246.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/55.1-2246.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/55.1-2246.html"}],"law_id":69214,"edition_id":1,"section_id":69214,"structure_id":14138,"section_number":"55.1-2246","catch_line":"Alternative purchase; registration","history":"2014, c. 623, \u00a7 55-394.5; 2019, c. 712.","full_text":"A\n\nThe application for registration of an alternative purchase shall be filed in a form prescribed by the Board and shall include the following:1\n\nA general description of the types of alternative purchases offered;2\n\nA copy of the terms and conditions applicable to the alternative purchases; and3\n\nThe name, address, and contact information of the developer offering the alternative purchases.B\n\nAny material change to the standard terms and conditions applicable to an alternative purchase shall be filed with the Board within 30 days of such change being effective. Changes to the length of stay, location, or price shall not require an amendment of the registration, provided that the terms and conditions applicable to such alternative purchases are on file with the Board.C\n\nThe provisions of §§ 55.1-2217 and 55.1-2220 shall not apply to alternative purchases registered under this section.","order_by":null,"text":{"0":{"id":250428,"text":"The application for registration of an alternative purchase shall be filed in a form prescribed by the Board and shall include the following:","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"A1"},"1":{"id":250429,"text":"A general description of the types of alternative purchases offered;","type":"section","prefixes":["A","1"],"prefix":"1","entire_prefix":"A1","prefix_anchor":"A1","level":2,"prior_prefix":"A","next_prefix":"A2"},"2":{"id":250430,"text":"A copy of the terms and conditions applicable to the alternative purchases; and","type":"section","prefixes":["A","2"],"prefix":"2","entire_prefix":"A2","prefix_anchor":"A2","level":2,"prior_prefix":"A1","next_prefix":"A3"},"3":{"id":250431,"text":"The name, address, and contact information of the developer offering the alternative purchases.","type":"section","prefixes":["A","3"],"prefix":"3","entire_prefix":"A3","prefix_anchor":"A3","level":2,"prior_prefix":"A2","next_prefix":"B"},"4":{"id":250432,"text":"Any material change to the standard terms and conditions applicable to an alternative purchase shall be filed with the Board within 30 days of such change being effective. Changes to the length of stay, location, or price shall not require an amendment of the registration, provided that the terms and conditions applicable to such alternative purchases are on file with the Board.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A3","next_prefix":"C"},"5":{"id":250433,"text":"The provisions of §§ 55.1-2217 and 55.1-2220 shall not apply to alternative purchases registered under this section.","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":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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/55.1-2246\/","history_text":"

This law was first created in 2014. The record of its establishment is cataloged in chapter 623<\/a> 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. It has been modified 1 time. 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. That modification is as follows: in 2019, chapter 712<\/a>.<\/p>","references":false,"refers_to":[{"id":64589,"section_number":"55.1-2217","catch_line":"Public offering statement","order_by":null,"url":"\/55.1-2217\/"},{"id":65782,"section_number":"55.1-2220","catch_line":"Escrow of deposits; use of corporate surety bond or irrevocable letter of credit","order_by":null,"url":"\/55.1-2220\/"}],"permalink":{"id":247665,"object_type":"law","relational_id":69214,"identifier":"55.1-2246","token":"55.1\/IV\/22\/5\/55.1-2246","url":"\/55.1-2246\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/55.1-2246\/","token":"55.1\/IV\/22\/5\/55.1-2246","dublin_core":{"Title":"Alternative purchase; registration","Type":"Text","Format":"text\/html","Identifier":"\u00a7 55.1-2246","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> The application for registration of an alternative purchase<\/span> shall be filed in a form prescribed by the Board<\/span> and shall include the following: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> A general description of the types of alternative purchases<\/span> offered; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> A copy of the terms and conditions applicable to the alternative purchases<\/span>; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> The name, address, and contact information<\/span> of the developer<\/span> offering<\/span> the alternative purchases<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> Any material change<\/span> to the standard terms and conditions applicable to an alternative purchase<\/span> shall be filed with the Board<\/span> within 30 days of such change being effective. Changes to the length of stay<\/span>, location, or price shall not require an amendment of the registration, provided that the terms and conditions applicable to such alternative purchases<\/span> are on file with the Board<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> The provisions of §§ 55.1-2217<\/a> and 55.1-2220<\/a> shall not apply to alternative purchases<\/span> registered under this section. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nALTERNATIVE PURCHASE; REGISTRATION (\u00a7 55.1-2246)\n\nA. The application for registration of an alternative purchase shall be filed in\na form prescribed by the Board and shall include the following:\n\n 1. A general description of the types of alternative purchases offered;\n\n 2. A copy of the terms and conditions applicable to the alternative purchases;\n and\n\n 3. The name, address, and contact information of the developer offering the\n alternative purchases.\n\nB. Any material change to the standard terms and conditions applicable to an\nalternative purchase shall be filed with the Board within 30 days of such change\nbeing effective. Changes to the length of stay, location, or price shall not\nrequire an amendment of the registration, provided that the terms and conditions\napplicable to such alternative purchases are on file with the Board.\n\nC. The provisions of §§ 55.1-2217 and 55.1-2220 shall not apply to\nalternative purchases registered under this section.\n\nHISTORY: 2014, c. 623, \u00a7 55-394.5; 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}}