{"data":{"id":"us-va/18vac48-45-440","jurisdiction":"us-va","citation":"18VAC48-45-440","heading":"Maintenance of bond or letter of credit","body":"A. The developer shall report the extension, cancellation, amendment, expiration, termination, or any other change of any bond or letter of credit submitted in accordance with  § 55.1-2220 and subsection B of  § 55.1-2234 of the Code of Virginia within five days of the change.\n\nB. The board at any time may request verification from the developer of the status of a bond or letter of credit on file with the board. Such verification shall comply with the provisions of subdivision B 6 of 18VAC48-45-400.\n\nC. Failure to report a change in the bond or letter of credit in accordance with this section shall result in further action by the board pursuant to the Virginia Real Estate Time-Share Act.","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/section440/","current_through":"2026 Regular Session (effective July 1, 2026)","vintage":"","retrieved_at":"2026-09-14T04:52:33Z","sha256":"c6685661c61ab1d1e88f0c8d5a5d8d69a83d50b308bd52e552fa5f8d8d5178be","source_id":"us-va-vac","stale":false,"prev":"us-va/18vac48-45-430","next":"us-va/18vac48-45-450"},"notice":"GroundRules: Original legal text. Not legal advice."}