Virginia Senate Bill 584
ARDA passed legislation in Virginia, Senate Bill 584 to clarify that certain trust-based timeshare products are covered under the Virginia Timeshare Act and are required to be registered in the state. As the industry innovates to meet consumer demands, we often need to provide crucial updates to the laws to make sure it is properly regulated. The proper registration of timeshare products in Virginia protects both the industry and its owners. Additionally, this bill also provided clarifications on terms that were being used inconsistently in the Act. The legislation took effect on July 1, 2020.