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63 chapters · 804 sections in this title.
Va. Code Ann. § 59.1-445 Definitions
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As used in this chapter, unless the context requires a different meaning: "Accommodations" means any real property improvement provided by the travel club to its members for lodging purposes, including, without limitation, condominiums, hotels, motels or motor courts. "Board" mea…
Va. Code Ann. § 59.1-446 Registration; fees
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A. It shall be unlawful for any travel club to offer or cause to be executed in this Commonwealth by the purchaser any travel services agreement unless such travel club at the time of such offering, or execution thereof has been properly registered with the Commissioner. Such reg…
Va. Code Ann. § 59.1-447 Bond or letter of credit required
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A. Every travel club, before entering into a travel services agreement with a purchaser of travel services, shall file and maintain with the Commissioner, in a form and substance satisfactory to him, a bond with corporate surety from a company authorized to transact business in t…
Va. Code Ann. § 59.1-447.1 Escrow of deposits
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A. Any deposit made in connection with the execution of a travel services agreement shall be held in escrow. All cash deposits shall be held in a separate bank account labeled and designated solely for that purpose. Such escrow account shall be insured by an instrumentality of th…