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’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