                                 CODE OF VIRGINIA

MEMBERSHIP CAMPING OPERATOR&#8217;S DISCLOSURE STATEMENT (§ 59.1-326)

A. Every membership camping operator, salesperson, or other person who is in the
business of offering for sale or transfer the rights under existing membership
camping contracts for a fee shall deliver to his purchaser a current membership
camping operator&#8217;s disclosure statement before execution by the purchaser
of the membership camping contract and no later than the date shown on such
contract.

B. The membership camping operator&#8217;s disclosure statement shall consist of
the following items in the order as presented:

   1. A cover page stating:
   				a. The words &#8220;Membership Camping Operator&#8217;s Disclosure
   Statement&#8221; printed in boldfaced type of a minimum size of 10
   points;				b. The name and principal business address of the membership
   camping operator;				c. A statement that the membership camping operator is in
   the business of offering for sale membership camping contracts;				d. The
   following statement printed in boldfaced type of a minimum size of 10
   points:				THIS DISCLOSURE STATEMENT CONTAINS IMPORTANT MATTERS TO BE
   CONSIDERED IN THE EXECUTION OF A MEMBERSHIP CAMPING CONTRACT. THE MEMBERSHIP
   CAMPING OPERATOR IS REQUIRED BY LAW TO DELIVER TO YOU A COPY OF THIS
   DISCLOSURE STATEMENT BEFORE YOU EXECUTE A MEMBERSHIP CAMPING CONTRACT. THE
   STATEMENTS CONTAINED HEREIN ARE ONLY SUMMARY IN NATURE. YOU AS A PROSPECTIVE
   PURCHASER SHOULD REVIEW ALL REFERENCES, EXHIBITS, CONTRACT DOCUMENTS, AND
   SALES MATERIALS. YOU SHOULD NOT RELY UPON ANY ORAL REPRESENTATIONS AS BEING
   CORRECT. REFER TO THIS DOCUMENT AND TO THE ACCOMPANYING EXHIBITS FOR CORRECT
   REPRESENTATIONS. THE MEMBERSHIP CAMPING OPERATOR IS PROHIBITED FROM MAKING ANY
   REPRESENTATIONS WHICH CONFLICT WITH THOSE CONTAINED IN THE CONTRACT AND THIS
   DISCLOSURE STATEMENT.				e. The following statement printed in boldfaced type
   of a minimum size of 10 points:				SHOULD YOU EXECUTE A MEMBERSHIP CAMPING
   CONTRACT, YOU HAVE THE UNQUALIFIED RIGHT TO CANCEL SUCH CONTRACT. THIS RIGHT
   OF CANCELLATION CANNOT BE WAIVED. THE RIGHT TO CANCEL EXPIRES AT MIDNIGHT ON
   THE 7TH CALENDAR DAY FOLLOWING THE DATE ON WHICH THE CONTRACT WAS EXECUTED. TO
   CANCEL THE MEMBERSHIP CAMPING CONTRACT, YOU AS THE PURCHASER MUST MAIL NOTICE
   OF YOUR INTENT TO CANCEL BY CERTIFIED UNITED STATES MAIL TO THE MEMBERSHIP
   CAMPING OPERATOR AT THE ADDRESS SHOWN IN THE MEMBERSHIP CAMPING CONTRACT,
   POSTAGE PREPAID. THE CAMPING OPERATOR IS REQUIRED BY LAW TO RETURN ALL MONEYS
   PAID BY YOU IN CONNECTION WITH THE EXECUTION OF THE MEMBERSHIP CAMPING
   CONTRACT, UPON YOUR PROPER AND TIMELY CANCELLATION OF THE CONTRACT. IN
   ADDITION, AFTER THE INITIAL 7-CALENDAR-DAY CANCELLATION PERIOD, YOU THE
   PURCHASER OR YOUR SUCCESSOR IN INTEREST MAY TERMINATE YOUR LIABILITY UNDER THE
   MEMBERSHIP CAMPING CONTRACT INCLUDING PAYMENT OF ANY MEMBERSHIP FEES, DUES,
   AND ASSESSMENTS UPON YOUR GIVING PROPER AND EFFECTIVE NOTICE TO THE MEMBERSHIP
   CAMPING OPERATOR. TO BE EFFECTIVE, THE NOTICE MUST BE IN WRITING AND SENT BY
   CERTIFIED MAIL, RETURN RECEIPT REQUESTED AND IT MUST CONTAIN: (1) YOUR
   TRANSFER OF ANY AND ALL RIGHTS, TITLE, AND INTEREST YOU HAVE IN THE MEMBERSHIP
   CAMPING CONTRACT AND CAMPGROUND BACK TO THE MEMBERSHIP CAMPING OPERATOR; (2) A
   RECORDABLE DEED, DULY EXECUTED AND NOTARIZED, AND THE RECORDING FEE, IF YOU
   RECEIVED A RECORDED DEED FROM THE MEMBERSHIP CAMPING OPERATOR; (3) PAYMENTS OF
   (i) THE UNPAID BALANCE OF THE PURCHASE PRICE AND ANY ACCRUED UNPAID INTEREST
   THEREON AND (ii) ALL UNPAID MEMBERSHIP FEES, DUES, AND ASSESSMENTS WITH
   ACCRUED INTEREST THEREON PERMITTED BY THE MEMBERSHIP CAMPING CONTRACT; AND (4)
   PAYMENT OF ALL OTHER UNPAID FINANCIAL OBLIGATIONS OWED BY YOU THE PURCHASER
   PURSUANT TO THE MEMBERSHIP CAMPING CONTRACT.				f. The following
   statement:				&#8220;Registration of the membership camping operator with the
   Commissioner of the Virginia Department of Agriculture and Consumer Services
   does not constitute an approval or endorsement by the Commissioner of the
   membership camping operator, his membership camping contract, or his
   campground.&#8221;

   2. The name of the membership camping operator and the address of his
   principal place of business and the following information:
   				a. The name, principal occupation, and address of every director, partner,
   or trustee of the membership camping operator;				b. The name and address of
   each person owning or controlling an interest of 10 percent or more in the
   membership camping operator;				c. The particulars of any indictment,
   conviction, judgment, decree, or order of any court or administrative agency
   against the membership camping operator or its managing entity arising out of
   the violation or alleged violation of any federal, state, local, or foreign
   law or regulation in connection with activities relating to the sale of
   campground memberships, land sales, land investments, security sales,
   construction, or sale of homes or improvements or any similar or related
   activity; and				d. A statement of any unsatisfied judgments against the
   membership camping operator or its managing entity, the status of any pending
   suits involving the sale of membership camping contracts or the management of
   campgrounds to which the membership camping operator or its managing entity is
   a party and the status of any pending suits, administrative proceedings, or
   indictments of significance to the campground;

   3. A brief description of the nature of the purchaser&#8217;s right or license
   to use the campground and the facilities that are to be available for use by
   purchasers;

   4. A brief description of the membership camping operator&#8217;s experience
   in the membership camping business, including the length of time the operator
   has been in the membership camping business;

   5. The location of each of the campgrounds that is to be available for use by
   purchasers and a brief description of the facilities at each campground that
   are currently available for use by purchasers. Facilities that are planned,
   incomplete, or not yet available for use shall be clearly identified as
   incomplete or unavailable. A brief description of any facilities that are or
   will be available to nonpurchasers shall also be provided;

   6. As to all memberships offered by the membership camping operator at each
   campground:
   				a. The form of membership offered;				b. The types and duration of
   memberships along with a summary of the major privileges, restrictions, and
   limitations applicable to each type; and				c. Provisions, if any, that have
   been made for public utilities at each campsite including water, electricity,
   telephone, and sewerage facilities;

   7. A statement regarding any initial or special fee due from the purchaser
   together with a description of the purpose and method of calculating the fee;

   8. A description of any liens, defects, or encumbrances affecting the
   campground;

   9. A general description of any financing offered or available through the
   membership camping operator;

   10. A statement that the purchaser has until midnight of the seventh calendar
   day following the signing of the membership campground contract to cancel the
   contract by proper notice to the membership camping operator;

   11. A description of the insurance coverage that the membership camping
   operator provides for the benefit of purchasers, if any;

   12. A statement regarding any fees or charges that purchasers are or may be
   required to pay for the use of the campground or any facilities;

   13. The extent to which financial arrangements, if any, have been provided for
   the completion of facilities together with a statement of the membership
   camping operator&#8217;s obligation to complete planned facilities. The
   statement shall include a description of any restrictions or limitations on
   the membership camping operator&#8217;s obligation to begin or to complete
   such facilities;

   14. The name of the managing entity, if there is one, and the significant
   terms of any management contract, including but not limited to the
   circumstances under which the membership camping operator may terminate the
   management contract;

   15. A statement regarding any services that the membership camping operator
   currently provides or expenses he pays that are expected to become the
   responsibility of the purchasers, including the projected liability that each
   such service or expense may impose on each purchaser;

   16. A brief description of the ownership in or other right to use the
   campground that is to be transferred to each purchaser, together with the
   duration of any lease, license, franchise, or reciprocal agreement entitling
   the membership camping operator or purchasers from him to use the campground,
   and any provisions in any such agreements that restrict or limit a
   purchaser&#8217;s use of the campground;

   17. a. A copy, whether by way of supplement or otherwise, of the rules,
   restrictions, or covenants regulating the purchaser&#8217;s use of the
   campground in Virginia and its facilities that are to be available for use by
   the purchasers, including a statement of whether and how the rules,
   restrictions, or covenants may be changed;
   				b. A summary, whether by way of supplement or otherwise, of the rules,
   restrictions, or covenants regulating the purchaser&#8217;s use of any other
   campgrounds, facilities, or any other amenities resulting from the purchase
   of, or used as an inducement to influence the purchase of, the membership
   camping contract;

   18. A description of any restraints on the transfer of the membership camping
   contract;

   19. A brief description of the policies covering the availability of camping
   sites, the availability of reservations and the conditions under which they
   are made;

   20. A brief description of any grounds for forfeiture of a purchaser&#8217;s
   membership camping contract;

   21. A statement of whether the membership camping operator has the right to
   withdraw permanently from use all or any portion of any campground devoted to
   membership camping and, if so, the conditions under which such withdrawal is
   to be permitted;

   22. A statement describing the material terms and conditions of any reciprocal
   program to be available to the purchaser, including a statement concerning
   whether the purchaser&#8217;s participation in any reciprocal program is
   dependent upon the continued affiliation of the membership camping operator
   with that reciprocal program and whether the membership camping operator
   reserves the right to terminate such affiliation;

   23. The following statement printed in boldfaced type of a minimum size of 10
   points:
   				&#8220;The purchase of this membership camping contract should not be
   based on any representations that it is an investment or that it can be
   resold. The resale of a membership may be difficult&#8221;; and

   24. A statement that contains in boldfaced type the name, address, and
   telephone number of the Virginia Department of Agriculture and Consumer
   Services and that states that that agency is the regulatory agency that
   handles consumer complaints regarding membership campgrounds.

C. The membership camping operator shall promptly amend his membership camping
operator&#8217;s disclosure statement to reflect any material change in the
campground or its facilities. He shall also promptly file any such amendments
with the Commissioner.

HISTORY: 1985, c. 409; 1992, c. 545; 2013, c. 24.