18 Va. Admin. Code § 48-45-80

Current through Register Vol. 41, No. 6, November 4, 2024

Section 18VAC48-45-80 - Time-share marketing activities

A. Time-share marketing activities shall include every contact by or on behalf of the developer for the purpose of promoting disposition of a time-share or alternative purchase. Such contacts may be personal, by telephone, by mail, by electronic means including social media, or by advertisement. A promise, assertion, representation, or statement of fact or opinion made in connection with a time-share marketing activity may be oral, written, electronic, or graphic.

B. No time-share marketing activity shall be deemed an offer unless, by its express terms, it induces, solicits, or encourages a prospective purchaser to (i) execute a contract of sale of the time-share or alternative purchase or (ii) perform some other act that would create or purport to create a legal or equitable interest in the time-share until the board has issued an order of registration.

Derived From Virginia Register Volume 32, Issue 10, eff. 3/1/2016.

Statutory Authority: §§ 54.1-2349 and 55-396 of the Code of Virginia.