                                 CODE OF VIRGINIA

GENERAL POWERS AND DUTIES OF THE COMMON INTEREST COMMUNITY BOARD (§ 55.1-2174)

A. The Common Interest Community Board may adopt, amend, and repeal regulations
and issue orders consistent with and in furtherance of the objectives of this
chapter, but the Common Interest Community Board shall not intervene in the
internal activities of an association except to the extent necessary to prevent
or cure violations of this chapter. The Common Interest Community Board may
prescribe forms and procedures for submitting information to the Common Interest
Community Board.

B. If it appears that any person has engaged, is engaging, or is about to engage
in any act or practice in violation of this chapter or any of the Common
Interest Community Board&#8217;s regulations or orders, the Common Interest
Community Board without prior administrative proceedings may bring an action in
the appropriate court to enjoin that act or practice or for other appropriate
relief. The Common Interest Community Board is not required to post a bond or
prove that no adequate remedy at law exists.

C. The Common Interest Community Board may intervene in any action involving the
powers or responsibilities of a declarant in connection with any cooperative for
which an application for registration is on file.

D. The Common Interest Community Board may accept grants-in-aid from any
governmental source and may contract with agencies charged with similar
functions in this or other jurisdictions in furtherance of the objectives of
this chapter.

E. The Common Interest Community Board may cooperate with agencies performing
similar functions in this and other jurisdictions 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
agency&#8217;s duties.

F. In issuing any cease and desist order or order rejecting or revoking
registration of a cooperative, the Common Interest Community Board shall state
the basis for the adverse determination and the underlying facts.

G. The Common Interest Community Board, in its sound discretion, may require
bonding, escrow of portions of sales proceeds, or other safeguards it may
prescribe by its regulations to guarantee completion of all improvements labeled
&#8220;MUST BE BUILT&#8221; pursuant to &#xA7; 55.1-2171.

HISTORY: 1982, c. 277, § 55-502; 2019, c. 712.