                                 CODE OF VIRGINIA

NOTICE OF FILING AND REGISTRATION (§ 55.1-1978)

A. Upon receipt of the application for registration, the Common Interest
Community Board shall issue a notice of filing to the applicant within five
business days. In the case of receipt of an application for a condominium that
is a conversion condominium, the Common Interest Community Board shall also
issue within five business days a notice of filing to the chief administrative
officer of the county or city in which the proposed condominium is located, and
the notice shall include the name and address of the applicant and the name and
address or location of the proposed condominium. Within 60 days from the date of
the notice of filing, the Common Interest Community Board shall enter an order
registering the condominium or rejecting the registration. If no order of
rejection is entered within 60 days from the date of notice of filing, the
condominium shall be deemed registered unless the applicant has consented in
writing to a delay.

B. If the Common Interest Community Board affirmatively determines, upon inquiry
and examination, that the requirements of this chapter and the Common Interest
Community Board&#8217;s regulations have been met, it shall enter an order
registering the condominium and shall designate the form of the public offering
statement.

C. If the Common Interest Community Board determines upon inquiry and
examination that any of the requirements of this chapter and the Common Interest
Community Board&#8217;s regulations have not been met, the Common Interest
Community Board shall notify the applicant that the application for registration
must be corrected in the particulars specified within 20 days. If the
requirements are not met within the time allowed, the Common Interest Community
Board shall enter an order rejecting the registration, and such order shall
include the findings of fact upon which the order is based. The order rejecting
the registration shall not become effective for 20 days after issuance of the
order. During this 20-day period, the applicant may petition for reconsideration
and shall be entitled to a hearing to correct the particulars specified in the
Common Interest Community Board&#8217;s notice. Such order of rejection shall
not take effect, in any event, until such time as the hearing, once requested,
is given to the applicant.

HISTORY: 1974, c. 416, § 55-79.92; 1985, c. 107; 1988, c. 15; 2006, c. 726;
2019, c. 712.