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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>55285</law_id><section_number>55.1-2245</section_number><catch_line>Recordkeeping by resellers</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><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="5">Registration</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> If <span class="dictionary">contact information</span> has been obtained by a <span class="dictionary">reseller</span> from any source, including a <span class="dictionary">lead dealer</span>, the <span class="dictionary">reseller</span> and <span class="dictionary">lead dealer</span> shall maintain the following records for a period of five years from the last date of contact between the <span class="dictionary">reseller</span> and the <span class="dictionary">owner</span>: <a id="paragraph-202762" class="section-permalink" href="https://vacode.org/55.1-2245/#A"><i class="fa fa-link"/></a></p></section>
						<section id="A1" class="indent-1"><p><span class="prefix-number">1.</span> The name; home address; work address, if different; telephone number; and email address of the <span class="dictionary">lead dealer</span> who provided the <span class="dictionary">contact information</span>; <a id="paragraph-202763" class="section-permalink" href="https://vacode.org/55.1-2245/#A1"><i class="fa fa-link"/></a></p></section>
						<section id="A2" class="indent-1"><p><span class="prefix-number">2.</span> The date, time, and place of the transaction at which the <span class="dictionary">contact information</span> was obtained, along with the amount of consideration paid and a signed receipt from the <span class="dictionary">lead dealer</span> or copy of a canceled check; and <a id="paragraph-202764" class="section-permalink" href="https://vacode.org/55.1-2245/#A2"><i class="fa fa-link"/></a></p></section>
						<section id="A3" class="indent-1"><p><span class="prefix-number">3.</span> A copy of the <span class="dictionary">contact information</span> obtained in the exact form and media in which received. <a id="paragraph-202765" class="section-permalink" href="https://vacode.org/55.1-2245/#A3"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> A <span class="dictionary">reseller</span> shall maintain records for at least five years after each transaction involving <span class="dictionary">resale service</span> including resale <span class="dictionary">transfer</span> agreements and resale purchase agreements. <a id="paragraph-202766" class="section-permalink" href="https://vacode.org/55.1-2245/#B"><i class="fa fa-link"/></a></p></section>
						<section id="C"><p><span class="prefix-number">C.</span> In any civil or criminal action based on a violation of this section, there shall be a <span class="dictionary">presumption</span> that <span class="dictionary">contact information</span> was wrongfully obtained if a <span class="dictionary">reseller</span> or <span class="dictionary">lead dealer</span> fails to produce the records required by this section. <a id="paragraph-202767" class="section-permalink" href="https://vacode.org/55.1-2245/#C"><i class="fa fa-link"/></a></p></section>
						<section id="D"><p><span class="prefix-number">D.</span> Any <span class="dictionary">person</span> who establishes that a <span class="dictionary">reseller</span> or <span class="dictionary">lead dealer</span> wrongfully obtained or wrongfully used <span class="dictionary">contact information</span> with respect to <span class="dictionary">time-share owners</span> or members of an <span class="dictionary">exchange program</span> shall, in addition to any other remedies that may be available in <span class="dictionary">law</span> or <span class="dictionary">equity</span>, be entitled to recover from such <span class="dictionary">reseller</span> or <span class="dictionary">lead dealer</span> an amount equal to $1,000 for each <span class="dictionary">time-share owner</span> or member about whom <span class="dictionary">contact information</span> was wrongfully obtained or used. The prevailing <span class="dictionary">person</span> in any such action shall also be entitled to recover reasonable attorney fees and costs. <a id="paragraph-202768" class="section-permalink" href="https://vacode.org/55.1-2245/#D"><i class="fa fa-link"/></a></p></section></text><history>2012, c. 751, &#xA7; 55-394.4; 2019, c. 712; 2025, c. 353.</history><metadata></metadata></law>
