                                 CODE OF VIRGINIA

CONTENTS OF ADVERTISEMENTS OF SALE (§ 55.1-323)

A. The advertisement of sale under any deed of trust, in addition to such other
matters as may be required by such deed of trust or by the trustee, in his
discretion, shall set forth a description of the property to be sold. Such
description need not be as extensive as that contained in the deed of trust, but
it shall identify the property by street address, if any, or, if none, shall
give the general location of the property with reference to streets, routes, or
known landmarks. Where available, tax map identification may be used but is not
required. The advertisement shall also include the time, place, and terms of
sale and shall give the name or names of the trustee or trustees. It shall set
forth the name, address, and telephone number of a person, either a trustee or
the party secured or his agent or attorney who may be able to respond to
inquiries concerning the sale.

B. 1. If the property being sold is a time-share estate, the advertisement of
sale required under subsection A of § 55.1-322 shall set forth, in addition to
such other matters as the trustee finds appropriate, (i) a description of the
specific time-share estate or estates to be sold, and such description shall
also include (a) the name of the time-share project and (b) the street address
of the time-share project or, if no street address, the general location of the
time-share project with reference to streets, routes, or known landmarks; (ii)
the date, time, place, and terms of sale; (iii) the name of the trustee; and
(iv) the name, address, and telephone number of the representative, agent, or
attorney who is authorized to respond to inquiries concerning the sale and shall
give additional information concerning the time-share estate or estates to be
sold.

   2. In lieu of the requirements of subdivision 1, the advertisement shall set
   forth (i) the name of the time-share project in which the time-share estate or
   estates to be sold are contained; (ii) the street address of the time-share
   project in which the time-share estate or estates to be sold are contained or,
   if no street address, the general location of the time-share project with
   reference to streets, routes, or known landmarks; (iii) the date, time, place,
   and terms of sale; (iv) the name of the trustee; and (v) the name, address,
   and telephone number of the representative, agent, or attorney who is
   authorized to respond to inquiries concerning the sale and shall give
   additional information concerning the time-share estate or estates to be sold,
   including providing, upon request, in either hard copy or electronic form, a
   schedule of the time-share estate or estates to be sold. In addition, the
   advertisement shall contain a website address where a description of the
   specific time-share estate or estates to be sold is displayed.

HISTORY: 1979, c. 12, § 55-59.3; 2015, cc. 23, 401; 2019, c. 712.