John A. Cosgrove, Jr.
- Republican
Primary
Provides that in lieu of escrowing deposits made in connection with the purchase or reservation of a time-share product a developer may obtain a corporate surety bond or letter of credit with the Common Interest Community Board where the time-share project consists of more than 25 units. Currently, the developer is required to escrow the individual deposits for every purchase and file with the Board a bond or letter of credit or cash for the purpose of protecting all deposits. This bill is identical to
Approved by Governor-Chapter 133 (effective 7/1/18)
Governor's Action Deadline Midnight, March 5, 2018
Enrolled Bill Communicated to Governor on February 26, 2018
Signed by President
Enrolled
Signed by Speaker
Passed House BLOCK VOTE (100-Y 0-N)
Read third time
Read second time
Referred to Committee on General Laws
Placed on Calendar
Read first time
Read second time and engrossed
Prefiled and ordered printed; offered 01/10/18 18104471D
Referred to Committee on General Laws and Technology
| Bill Text Versions | Format |
|---|---|
| Senate: Prefiled and ordered printed; offered 01/10/18 18104471D | HTML |
| Senate: Bill text as passed Senate and House (SB443ER) | HTML |
| Document | Format |
|---|---|
| No related documents. |
Data on Open States is updated periodically throughout the day from the official website of the Virginia General Assembly.
If you notice any inconsistencies with these official sources, feel free to file an issue.