{"data":{"id":"us-va/18vac48-45-200","jurisdiction":"us-va","citation":"18VAC48-45-200","heading":"Narrative sections; individual time-shares","body":"A. The public offering statement shall contain a section captioned \"Individual Time-Shares.\" The section shall indicate (i) the form of time-share ownership being offered; (ii) the types, duration, and number of units and time-shares in the  time-share program; (iii) identification of units that are subject to the time-share program; and (iv) the estimated number of units that may become subject to the time-share program.\n\nB. This section shall explain the extent to which financial arrangements, if any, have been provided for completion of any incomplete but promised time-share unit or common element being offered for sale. The section shall contain a statement of the developer's obligation to complete any promised time-share unit or common element being offered for sale comprising the time-share project that have not begun or begun but not yet completed.\n\nC. The section shall explain the extent to which a time-share unit may become subject to a tax or other lien arising out of claims against other owners of the same unit.","path":["Title 18. Professional And Occupational Licensing","Agency 48. Common Interest Community Board","Chapter 45. Time-Share Regulations","Part V. Public Offering Statement"],"source_url":"https://law.lis.virginia.gov/admincode/title18/agency48/chapter45/section200/","current_through":"2026 Regular Session (effective July 1, 2026)","vintage":"","retrieved_at":"2026-09-14T04:52:32Z","sha256":"e1797fb086f0b64e948fa6d389cfdc325b1b5328ed28596b356e44469d161d5b","source_id":"us-va-vac","stale":false,"prev":"us-va/18vac48-45-190","next":"us-va/18vac48-45-210"},"notice":"GroundRules: Original legal text. Not legal advice."}