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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>55034</law_id><section_number>55.1-2247</section_number><catch_line>General powers and duties of Board</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>55.1-2219</reference><reference>55.1-2248</reference><reference>55.1-2252</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="6">Administration</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> The <span class="dictionary">Board</span> may adopt, <span class="dictionary">amend</span>, and repeal rules and regulations and <span class="dictionary">issue</span> <span class="dictionary">orders</span> consistent with and in furtherance of the objectives of this chapter. The <span class="dictionary">Board</span> may prescribe forms and procedures for submitting information to the <span class="dictionary">Board</span>. <a id="paragraph-201830" class="section-permalink" href="https://vacode.org/55.1-2247/#A"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> The <span class="dictionary">Board</span> may accept grants in aid from any governmental source and may <span class="dictionary">contract</span> with agencies charged with similar functions in this or other <span class="dictionary">jurisdictions</span>, in furtherance of the objectives of this chapter. <a id="paragraph-201831" class="section-permalink" href="https://vacode.org/55.1-2247/#B"><i class="fa fa-link"/></a></p></section>
						<section id="C"><p><span class="prefix-number">C.</span> The <span class="dictionary">Board</span> may cooperate with agencies performing similar functions in this and other <span class="dictionary">jurisdictions</span> to develop uniform filing procedures and forms, uniform disclosure standards, and uniform administrative practices and may develop information that may be useful in the discharge of the <span class="dictionary">Board</span>&#x2019;s duties. <a id="paragraph-201832" class="section-permalink" href="https://vacode.org/55.1-2247/#C"><i class="fa fa-link"/></a></p></section>
						<section id="D"><p><span class="prefix-number">D.</span> 1. The <span class="dictionary">Board</span> may <span class="dictionary">issue</span> an <span class="dictionary">order</span> requiring the <span class="dictionary">developer</span> or <span class="dictionary">reseller</span> to cease and desist from the unlawful practice and to take such affirmative action as in the <span class="dictionary">judgment</span> of the <span class="dictionary">Board</span> will carry out the purposes of this chapter if it determines after legal notice and opportunity for <span class="dictionary">hearing</span> that a <span class="dictionary">developer</span> or <span class="dictionary">reseller</span> or an agent of a <span class="dictionary">developer</span> or <span class="dictionary">reseller</span> has:
			a. Made any representation in any document or information filed with the <span class="dictionary">Board</span> that is false or misleading;
			b. Engaged or is engaging in any unlawful act or practice;
			c. Disseminated or caused to be disseminated orally, or in writing, any false or misleading promotional <span class="dictionary">materials</span> in connection with a <span class="dictionary">time-share program</span>;
			d. Concealed, diverted, or disposed of any funds or <span class="dictionary">assets</span> of any <span class="dictionary">person</span> in a manner impairing rights of <span class="dictionary">purchasers</span> of <span class="dictionary">time-shares</span> in the <span class="dictionary">time-share program</span>;
			e. Failed to perform any <span class="dictionary">stipulation</span> or agreement made to induce the <span class="dictionary">Board</span> to <span class="dictionary">issue</span> an <span class="dictionary">order</span> relating to that <span class="dictionary">time-share program</span>;
			f. Otherwise violated any provision of this chapter or any of the <span class="dictionary">Board</span>&#x2019;s rules and regulations or <span class="dictionary">orders</span>; or
			g. Disposed of any time-share in a <span class="dictionary">time-share program</span> without first complying with the requirements of this chapter. <a id="paragraph-201833" class="section-permalink" href="https://vacode.org/55.1-2247/#D"><i class="fa fa-link"/></a></p></section>
						<section id="D2" class="indent-1"><p><span class="prefix-number">2.</span> If the <span class="dictionary">Board</span> makes a <span class="dictionary">finding</span> of <span class="dictionary">fact</span> in writing that the public interest will be irreparably harmed by delay in issuing an <span class="dictionary">order</span>, as prescribed in subdivision 1, it may <span class="dictionary">issue</span> a temporary <span class="dictionary">order</span> to cease and desist or to take such affirmative action as may be deemed appropriate by the agency. Prior to issuing the temporary <span class="dictionary">order</span>, the <span class="dictionary">Board</span> shall give notice of the proposal to <span class="dictionary">issue</span> a temporary <span class="dictionary">order</span> to the <span class="dictionary">developer</span> or the <span class="dictionary">reseller</span>. Every temporary <span class="dictionary">order</span> shall include in its terms:
				a. A provision clearly stating the reasons for issuing such <span class="dictionary">order</span> and the nature and extent of the <span class="dictionary">facts</span> and <span class="dictionary">findings</span> on which the <span class="dictionary">order</span> is based;
				b. A provision that a failure to comply with such temporary <span class="dictionary">order</span> will be a violation of this chapter; and
				c. A provision that upon request a <span class="dictionary">hearing</span> will be held promptly to determine whether or not the <span class="dictionary">order</span> shall become permanent.
				The <span class="dictionary">Board</span> shall not <span class="dictionary">issue</span> more than one temporary <span class="dictionary">order</span> with reference to such <span class="dictionary">finding</span> of <span class="dictionary">fact</span> as prescribed in this subsection. <a id="paragraph-201834" class="section-permalink" href="https://vacode.org/55.1-2247/#D2"><i class="fa fa-link"/></a></p></section>
						<section id="E"><p><span class="prefix-number">E.</span> The <span class="dictionary">Board</span> may also <span class="dictionary">issue</span> a cease and desist <span class="dictionary">order</span> if the <span class="dictionary">developer</span> has not registered the <span class="dictionary">time-share program</span> as required by this chapter or if a <span class="dictionary">reseller</span> has not registered as required by this chapter. <a id="paragraph-201835" class="section-permalink" href="https://vacode.org/55.1-2247/#E"><i class="fa fa-link"/></a></p></section>
						<section id="F"><p><span class="prefix-number">F.</span> The <span class="dictionary">Board</span>, after notice and <span class="dictionary">hearing</span>, may <span class="dictionary">issue</span> an <span class="dictionary">order</span> revoking the registration of the <span class="dictionary">developer</span>&#x2019;s <span class="dictionary">time-share program</span> or the registration of a <span class="dictionary">reseller</span> upon determination that such <span class="dictionary">developer</span>, <span class="dictionary">reseller</span>, or agent of such <span class="dictionary">developer</span> or <span class="dictionary">reseller</span> has failed to comply with a cease and desist <span class="dictionary">order</span> issued by the <span class="dictionary">Board</span> affecting the <span class="dictionary">developer</span>&#x2019;s <span class="dictionary">time-share program</span> or the <span class="dictionary">reseller</span>. <a id="paragraph-201836" class="section-permalink" href="https://vacode.org/55.1-2247/#F"><i class="fa fa-link"/></a></p></section>
						<section id="G"><p><span class="prefix-number">G.</span> If it appears that any <span class="dictionary">person</span> has engaged, is engaging, or is about to engage in any act or practice in violation of this chapter or any of the <span class="dictionary">Board</span>&#x2019;s rules, regulations, or <span class="dictionary">orders</span> applicable to this chapter, the <span class="dictionary">Board</span>, without prior administrative proceedings, may bring an action in the <span class="dictionary">circuit</span> <span class="dictionary">court</span> of the county or city in which any portion of the <span class="dictionary">time-share project</span> is located to enjoin that act or practice or for other appropriate relief. The <span class="dictionary">Board</span> is not required to post a <span class="dictionary">bond</span> or prove that no adequate remedy at <span class="dictionary">law</span> exists. <a id="paragraph-201837" class="section-permalink" href="https://vacode.org/55.1-2247/#G"><i class="fa fa-link"/></a></p></section>
						<section id="H"><p><span class="prefix-number">H.</span> Upon request of a <span class="dictionary">time-share owner</span>, the <span class="dictionary">Board</span> shall, in accordance with subsection B of &#xA7; <a class="law" title="Effect of violations on rights of action; attorney fees; prior determination of Common Interest Community Board required for certain violations" href="/55.1-2230/">55.1-2230</a>, <span class="dictionary">issue</span> its determination whether compliance with &#xA7; <a class="law" title="Escrow of deposits; use of corporate surety bond or irrevocable letter of credit" href="/55.1-2220/">55.1-2220</a> or <a class="law" title="Developer's obligation to complete" href="/55.1-2234/">55.1-2234</a> has occurred. <a id="paragraph-201838" class="section-permalink" href="https://vacode.org/55.1-2247/#H"><i class="fa fa-link"/></a></p></section></text><history>1981, c. 462, &#xA7; 55-396; 1985, c. 517; 1998, c. 460; 2008, c. 376; 2011, c. 605; 2012, c. 751; 2019, cc. 467, 499, 712; 2020, c. 1011.</history><metadata></metadata></law>
