| Description | 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. |
| State Authority | Section 54.1-2349 states in part that the Board shall have the power and duty to promulgate regulations to carry out the requirements of Chapter 23.3 of Title 54.1 of the Code of Virginia . |
| Federal Authority | None entered |
| Text of Regulation | Link to Virginia Administrative Code |
| Goals of Regulation | To promulgate regulations that establish the registration requirements for time-share projects in the Commonwealth. |
| Meetings | See all meetings (1) relating to this chapter. |
| Name / Title: | Anika Coleman / Executive Director |
| Address: |
9960 Mayland Drive, Suite 400 Richmond, VA 23233 |
| Email Address: | CIC@dpor.virginia.gov |
| Telephone: | (804)367-8510 FAX: (866)490-2723 TDD: ()- |
| Current Actions | ||
| Action Title | Latest Stage | Status |
|---|---|---|
| None | ||
| Past Actions | ||
| Action Title | Latest Stage | Status |
|---|---|---|
| General Review and Registration of Time-Share Resellers 02-2013 | Final | Stage complete. This regulation became effective on 03/01/2016. |
| Alternative Purchase pursuant to Chapter 623 of the 2014 Virginia Acts of Assembly (Senate Bill 348) | Fast-Track | Stage complete. This regulation became effective on 10/01/2015. |
Transfer of the Time-Share regualtions from the REB to the CIC Board
|
Final | Stage complete. This regulation became effective on 11/27/2008. |
| Withdrawn Actions | ||
| Action Title | Latest Stage | Status |
|---|---|---|
|
Amendment to reflect chapter 33 of the 2018 Acts of Assembly
|
Final | Stage withdrawn on 04/13/2019 before submission to the Registrar. |
| Periodic Reviews | ||
| Last Activity | Status | |
|---|---|---|
| 1/19/2016 Agency Completed | Retain As Is | |
| 12/8/2011 Agency Completed | Retain As Is | |