Action:
Transfer of the Time-Share regualtions from the REB to the CIC Board
Action 2813
General Information
| Action Summary |
The new regulation establishes the registration requirements for time-share projects in the Commonwealth. In addition, the regulation provides annual reporting requirements, information regarding implementation and amendment of public offering statements, and marketing standards. The only change in transferring the regulation from the Real Estate Board to the Common Interest Community Board is the replacement of all references to “Real Estate Board” with “Common Interest Community Board.” |
| Chapters Affected |
Only affects this chapter.
|
| Executive Branch Review |
This Action is exempt from Article 2 of the Administrative Process Act.
The normal executive branch review process is not required. As such, it can be submitted directly for publication and
is effective upon publication.
Exempt Citation:
Chapters 851 and 871 of the Acts of the 2008 General Assembly, which were the result of HB 516 and SB 301 respectively, require regulations to be effective within 280 days of enactment.
|
| RIS Project |
Yes [001574] |
| New Periodic Review |
This action will not be used to conduct a new periodic review.
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Stages
Stages associated with this regulatory action.
| Stage ID |
Stage Type |
Status |
|
4807
|
Final
|
Stage complete. This regulation became effective on 11/27/2008. |
Contact Information
|
Name / Title:
|
Anika Coleman
/
Executive Director
|
|
Address:
|
9960 Mayland Drive, Suite 400
Richmond, VA 23233
|
|
Email Address:
|
CIC@dpor.virginia.gov
|
|
Phone:
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(804)367-8510
FAX: (866)490-2723
TDD: ()-
|
This person is the primary contact for this board.
