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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>72776</law_id><section_number>55.1-2235</section_number><catch_line>Financing of time-share programs</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>55.1-2201</reference></referred_to_by><structure><unit label="title" level="1" order_by="1" identifier="55.1">Property and Conveyances</unit><unit label="subtitle" level="2" order_by="1" identifier="IV">Common Interest Communities</unit><unit label="chapter" level="3" order_by="1" identifier="22">Virginia Real Estate Time-Share Act</unit><unit label="article" level="4" order_by="1" identifier="4">Financing</unit></structure><text>
						<section><p>In the <span class="dictionary">developer</span>&#x2019;s financing of a <span class="dictionary">time-share program</span>, the <span class="dictionary">developer</span> shall retain financial records of the schedule of payments required to be made and the payments made by it to any <span class="dictionary">person</span> or entity that is the holder of an underlying blanket mortgage, <span class="dictionary">deed of trust</span>, <span class="dictionary">contract</span> of sale, or other <span class="dictionary">lien</span> or encumbrance.</p></section></text><history>1981, c. 462, &#xA7; 55-387; 1985, c. 517; 2019, c. 712.</history><metadata></metadata></law>
