{"data":{"id":"us-va/18vac48-45-450","jurisdiction":"us-va","citation":"18VAC48-45-450","heading":"Termination of time-share  program registration","body":"A. The time-share  program registration shall be terminated upon receipt of documentation of one of the following:\n\n1. In accordance with subsection A of § 55.1-2243 of the Code of Virginia, an annual report for a time-share estate program filed pursuant to § 55.1-2242 of the Code of Virginia indicates that the developer has transferred title to the time-share owners' association and that no further development rights exist.\n\n2. In accordance with subsection B of § 55.1-2243 of the Code of Virginia, written notification is received from the developer attesting that no further development of the  program is anticipated and that the developer has ceased sales of time-shares  in the  program.\n\nB. Upon receipt and review of documentation pursuant to subsection A of this section, the board shall issue an order of termination for the time-share program registration. The board may request additional information as necessary during the review of the submitted documentation to ensure that the time-share program registration is eligible for termination.","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/section450/","current_through":"2026 Regular Session (effective July 1, 2026)","vintage":"","retrieved_at":"2026-09-14T04:52:33Z","sha256":"076b61a6c28e5ab7b403eda5255b479830d1ab1d24416f730b69a9f6ecd2e896","source_id":"us-va-vac","stale":false,"prev":"us-va/18vac48-45-440","next":"us-va/18vac48-45-460"},"notice":"GroundRules: Original legal text. Not legal advice."}