Section 10. (Reserved)

Section 20. Definitions

Section 30. Explanation of terms

Section 40. Time-share projects located outside of Virginia

Section 50. Application porcedures

Section 60. Review of application for registration, generally

Section 70. Fees

Section 80. Time-share marketing activities

Section 90. Offering of gifts or prizes

Section 100. Registration of time-share project and program

Section 110. Prerequisites for registration of a time-share project

Section 120. Review of application for registration of a time-share project

Section 130. Minimum application requirements for registration of a time-share project

Section 140. Public offering statement requirements, generally

Section 150. Full and accurate disclosure

Section 160. Contents of public offering statement

Section 170. Narrative sections; time-share concept

Section 180. Narrative sections; creation of time-share project

Section 190. Narrative sections; description of time-share project

Section 200. Narrative sections; individual time-shares

Section 210. Narrative sections; developer

Section 220. Narrative sections; terms of offering

Section 230. Narrative sections; encumbrances

Section 240. Narrative sections; exchange program

Section 250. Narrative sections; financial matters

Section 255. Narrative sections; governmental reviews

Section 260. Narrative sections; restrictions on transfer

Section 270. Narrative sections; time-share owners' association

Section 280. Narrative sections; managing entity

Section 290. Narrative sections; conversion time-share projects

Section 300. Narrative sections; insurance

Section 310. Narrative sections; alternative purchase

Section 320. Documents from other jurisdictions

Section 330. Minimum post-registration reporting requirements for a time-share project

Section 340. Amendment of public offering statement

Section 350. Nonmaterial changes to the public offering statement

Section 360. Filing of amended public offering statement

Section 370. Current public offering statement

Section 380. Public offering statement not current; notification of purchasers

Section 390. Filing of phase amendment application

Section 400. Annual report for a time-share project registration required by developer

Section 410. Board review of annual report for a time-share project registration

Section 420. Return of bond or letter of credit to ensure completion of promised units and common elements to developer

Section 430. Return of bond or letter of credit upon termination of time-share project registration

Section 440. Maintenance of bond or letter of credit

Section 450. Termination of time-share project registration

Section 460. Administrative termination of time-share project registration

Section 470. Reporting of other changes to the time-share project

Section 480. Registration of alternative purchase required

Section 490. Application for registration of an alternative purchase

Section 500. (Reserved)

Section 510. Review of application for registration of an alternative purchase

Section 520. Minimum alternative purchase post-registration reporting requirements

Section 530. (Reserved)

Section 540. Annual report required for alternative purchase registration

Section 550. (Reserved)

Section 560. Termination of registration for an alternative purchase

Section 570. Reporting of other changes to the alternative purchase

Section 580. Registration of exchange program required

Section 590. Minimum requirements for registration of an exchange program

Section 600. Minimum exchange program post-registration reporting requirements

Section 610. Annual report required for an exchange program registration

Section 620. Board review of annual report for exchange program registration

Section 630. Termination of an exchange program registration

Section 640. Reporting of other changes to an exchange program

Section 650. Registration of time-share reseller required

Section 660. Exemptions from time-share reseller registration

Section 670. Requirements for registration as a time-share reseller

Section 680. Exhibits required for registration as a time-share reseller

Section 690. Renewal and reinstatement of a time-share reseller registration

Section 700. Maintenance of time-share reseller registration

Section 710. Recordkeeping for a time-share reseller registration

Section 720. Grounds for disciplinary action

Section 730. Registration required

Section 740. Time-share advertising standards

Section 750. Board overisight of public offering statement and exchange program disclosure document

Section 760. Response to inquiry and provision of records

Section 770. Prohibited acts

Appendix 9998. FORMS (18VAC48-45)