Code of Virginia - Title 55 Property And Conveyances - Section 55-364.1 Use of terms

§ 55-364.1. Use of terms

A developer in its offering or disposition of a time-share may use interchangeably any term recognized in the industry, including without limitation: "time-share," "time-share interest," "interval ownership," "interval ownership interest," "vacation ownership," "vacation ownership interest," and "product." A developer shall not use the term "incidental benefit" or "alternative purchase" except in the proper context.

(1994, c. 580.)

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Last modified: April 3, 2009