Article 3 Protection of Purchasers

This article is comprised of the following sections:
  • §55.1-2217 Public offering statement
  • §55.1-2218 Certain advertising practices regulated
  • §55.1-2219 Exchange programs
  • §55.1-2220 Escrow of deposits; use of corporate surety bond or irrevocable letter of credit
  • §55.1-2221 Purchaser’s rights of cancellation
  • §55.1-2222 Possibility of reverter
  • §55.1-2223 Recording and delivery of deed
  • §55.1-2224 Liability limited; liability actions prohibited
  • §55.1-2225 Warning required
  • §55.1-2226 Buyer’s Acknowledgment
  • §55.1-2227 Resale of time-shares
  • §55.1-2228 Required resale disclosures
  • §55.1-2229 Liens
  • §55.1-2230 Effect of violations on rights of action; attorney fees; prior determination of Common Interest Community Board required for certain violations
  • §55.1-2231 Statute of limitations; actions; limitation on rescission rights
  • §55.1-2232 Class actions
  • §55.1-2233 Financial records
  • §55.1-2234 Developer’s obligation to complete