Virginia Regulatory Town Hall
 
Agency
Department of Professional and Occupational Regulation
Board
Common Interest Community Board
chapter
Virginia Time-Share Regulations [18 VAC 48 ‑ 40]    (Repealed)
Action is Exempt from Article 2 of the Administrative Process Act
Action:
Amendments to reflect Chapter 33 of the 2018 Acts of Assembly
Action 5146
 
[Withdrawn 4/13/2019]
General Information
Action Summary Chapter 33 of the 2018 Acts of Assembly amended the Time-Share Act. The statutory change provides an alternative to the existing requirement for developers of time-share projects to escrow individual deposits, by allowing the option for developers of time-share projects with more than 25 units to file a bond or letter of credit with the Common Interest Community Board instead. The Board must conform applicable registration requirements for time-shares and time-share resellers.
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: ยง 2.2-4006.A.4.a of the Code of Virginia
RIS Project Yes  [005691]
New Periodic Review This action will not be used to conduct a new periodic review.
 
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Contact Information
Name / Title: Anika Coleman  / Executive Director
Address: 9960 Mayland Drive, Suite 400
Richmond, VA 23233
Email Address: CIC@dpor.virginia.gov
Phone: (804)367-8510    FAX: (866)490-2723    TDD: ()-

This person is the primary contact for this board.