The Board may by regulation establish reasonable fees for registration. Until such regulations are adopted by the Board, the fee shall be in an amount equal to $ 1 per time-share, except that the initial application fee shall not be less than $ 500 nor more than $ 1,500, and the fee for any application for registration of additional units shall be not less than $ 200. All fees shall be remitted by the Board to the Treasurer of the Commonwealth, and shall be placed to the credit of the Common Interest Community Management Information Fund established pursuant to § 55-529.

History

Code 1950, § 55-392; 1981, c. 462; 1985, c. 517; 2008, cc. 851, 871.