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[Withdrawn 4/13/2019]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.
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| 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
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| RIS Project |
Yes [005691] |
| New Periodic Review |
This action will not be used to conduct a new periodic review.
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Stages
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Contact Information
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Name / Title:
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Anika Coleman
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Executive Director
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Address:
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9960 Mayland Drive, Suite 400
Richmond, VA 23233
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Email Address:
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CIC@dpor.virginia.gov
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Phone:
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(804)367-8510
FAX: (866)490-2723
TDD: ()-
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This person is the primary contact for this board.
