Protection of Purchasers

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This is Article 3 of the Code of Virginia, titled “Protection of Purchasers.” It is part of Chapter 22 “Virginia Real Estate Time-Share Act”, which is part of Subtitle IV “Common Interest Communities”, which is part of Title 55.1 “Property and Conveyances”. It contains 18 laws.

It’s comprised of the following 18 sections.

§ 55.1-2217	Public offering statement
§ 55.1-2218	Certain advertising practices regulated
§ 55.1-2219	Exchange programs
§ 55.1-2220	Escrow of deposits; use of corporate surety bond or irrevocable letter of credit
§ 55.1-2221	Purchaser's rights of cancellation
§ 55.1-2222	Possibility of reverter
§ 55.1-2223	Recording and delivery of deed
§ 55.1-2224	Liability limited; liability actions prohibited
§ 55.1-2225	Warning required
§ 55.1-2226	Buyer's Acknowledgment
§ 55.1-2227	Resale of time-shares
§ 55.1-2228	Required resale disclosures
§ 55.1-2229	Liens
§ 55.1-2230	Effect of violations on rights of action; attorney fees; prior determination of Common Interest Community Board required for certain violations
§ 55.1-2231	Statute of limitations; actions; limitation on rescission rights
§ 55.1-2232	Class actions
§ 55.1-2233	Financial records
§ 55.1-2234	Developer's obligation to complete