{"data":{"id":"us-va/18vac48-45-750","jurisdiction":"us-va","citation":"18VAC48-45-750","heading":"Board overisight of public offering statement and exchange program disclosure document","body":"A. The board at any time may require a developer to alter or amend the public offering statement for a time-share or an exchange program disclosure document to assure full and accurate disclosure to prospective purchasers and to ensure compliance with the Virginia Real Estate Time-Share Act and this chapter.\n\nB. The board does not approve or recommend the time-share or exchange program, or disposition thereof. The board's issuance of an effective date for a public offering statement or acceptance of an exchange program disclosure document shall not be construed to (i) constitute approval of the time-share or exchange program; (ii) represent that the board asserts that either all facts or material changes or both concerning the time-share or exchange program have been fully and accurately disclosed; or (iii) indicate that the board has made judgment on the value or merits of the time-share or exchange program.","path":["Title 18. Professional And Occupational Licensing","Agency 48. Common Interest Community Board","Chapter 45. Time-Share Regulations","Part X. Board Authority and Standards of Conduct"],"source_url":"https://law.lis.virginia.gov/admincode/title18/agency48/chapter45/section750/","current_through":"2026 Regular Session (effective July 1, 2026)","vintage":"","retrieved_at":"2026-09-14T04:52:33Z","sha256":"fc553c612ae64bf59aa94502f617cf200eca21a8e18f97d06948fcf003c1df62","source_id":"us-va-vac","stale":false,"prev":"us-va/18vac48-45-740","next":"us-va/18vac48-45-760"},"notice":"GroundRules: Original legal text. Not legal advice."}