GroundRules
18VAC48-45-420: Return of bond or letter of credit to ensure completion of promised units and common elements to developer
Where this section sits in the code
- Title 18. Professional And Occupational Licensing
- Agency 48. Common Interest Community Board
- Chapter 45. Time-Share Regulations
- Part VI. Time-Share Program Post-Registration Provisions
A bond or letter of credit on file with the board pursuant to subsection B of § 55.1-2234 of the Code of Virginia may be returned to the developer upon written request. Such request shall include a statement from the developer that indicates the units and common elements for which the bond or letter of credit was submitted have been completed. If the submitted statement is not sufficient to confirm completion, the board may request additional documentation.
Collected 2026-09-14T04:52:33Z. Source file · JSON