CODE OF VIRGINIA

FINANCING OF TIME-SHARE PROGRAMS (§ 55-387)

In the developer’s financing of a time-share program, the developer shall
retain financial records of the schedule of payments required to be made and the
payments made by it to any person or entity which is the holder of an underlying
blanket mortgage, deed of trust, contract of sale, or other lien or encumbrance.

HISTORY: 1981, c. 462; 1985, c. 517.