{"data":{"id":"us-va/18vac48-45-380","jurisdiction":"us-va","citation":"18VAC48-45-380","heading":"Public offering statement not current; notification of purchasers","body":"A. A purchaser who has been delivered a public offering statement that is not current due to a material change and was not provided with the summary of proposed amendments containing the proposed changes to the amended public offering statement pursuant to subsection A of 18VAC48-45-360 pending the issuance of a new effective date by the board shall be notified of such fact by the developer.\n\nB. A purchaser who has been delivered a public offering statement and summary of proposed amendments pursuant to subsection A of 18VAC48-45-360, but the amended public offering statement is determined to be noncompliant in accordance with subsection D of 18VAC48-45-360, shall be notified of such fact by the developer.\n\n1. The notification shall indicate that any contract for disposition of a time-share may be canceled by the purchaser pursuant to subsection C of  § 55.1-2221 of the Code of Virginia.\n\n2. The developer shall file a copy of the notification with the board and provide proof that such notification has been delivered to all purchasers under contract.","path":["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"],"source_url":"https://law.lis.virginia.gov/admincode/title18/agency48/chapter45/section380/","current_through":"2026 Regular Session (effective July 1, 2026)","vintage":"","retrieved_at":"2026-09-14T04:52:33Z","sha256":"32865b7f6301d8681a95fe315309f00bbed1b378090cb44b0d2e60c098cb3a90","source_id":"us-va-vac","stale":false,"prev":"us-va/18vac48-45-370","next":"us-va/18vac48-45-390"},"notice":"GroundRules: Original legal text. Not legal advice."}