Real Estate Time-Share Act; right of time-share owner to surrender time-share. (HB1330)

Introduced By

Sen. John Cosgrove (R-Chesapeake)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Virginia Real Estate Time-Share Act; right to surrender time-share.  Gives a time-share owner the right to surrender his time-share and be relieved of any further obligations related to the time-share provided certain conditions specified in the bill are met. The bill provides that the developer shall be under no obligation to pay any maintenance fee, assessment, special assessment, or any other charge however denominated on any time-share surrendered. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/22/2010Committee
01/22/2010Presented and ordered printed 10103897D
01/22/2010Referred to Committee on General Laws
02/01/2010Assigned GL sub: #1 Housing
02/04/2010Passed by in General Laws with letter