Virginia Administrative Code
Title 18 - PROFESSIONAL AND OCCUPATIONAL LICENSING
Agency 48 - COMMON INTEREST COMMUNITY BOARD


Current through Register Vol. 40, No. 16, March 25, 2024

AGENCY SUMMARY

The Common Interest Community Board is a separate agency within the Department of Professional and Occupational Regulation. The director of the department acts as the board's secretary and administrative officer. Code of Virginia, Title 54.1, Chapter 3. See the summary for the department for the regulatory power applicable to all boards subject to its administration. Code of Virginia, Title 54.1, Chapter 2.

The board is authorized to regulate common interest community managers and their supervisory and principal employees. The board is responsible for administering Virginia's common interest community and property registration laws: the Common Interest Communities (Code of Virginia, Title 54.1, Chapter 23.3), the Condominium Act (Code of Virginia, Title 55, Chapter 4.2), the Virginia Real Estate Time-Share Act (Code of Virginia, Title 55, Chapter 21), the Virginia Real Estate Cooperative Act (Code of Virginia, Title 55, Chapter 24), the Property Owners' Association Act (Code of Virginia, Title 55, Chapter 26), and Common Interest Community Management Information Fund (Code of Virginia, Title 55, Chapter 29). These statutes generally require registration and disclosure by developers. The board is authorized to promulgate regulations to fulfill the requirements of these acts. The board regulates the sale of new condominiums and time-shares units. The Condominium Act and the Real Estate Time-Share Act cover transactions occurring within the Commonwealth, even if the property involved is located outside the Commonwealth. Additionally, property owner, condominium, and cooperative associations are required to file annual reports with the board. The fees from the annual reports go to fund the Common Interest Community Management Information Fund, which in turn helps to fund the Common Interest Community Management Recovery Fund. Code of Virginia, Title 55, Chapter 29.

Finally, the board is responsible for establishing regulations regarding the establishment of procedures by each association for the resolution of written complaints from its members and other citizens. Code of Virginia, Title 55, Chapter 29.

Regulations are available from the Director of the Department of Professional and Occupational Regulation, 9960 Mayland Drive, Suite 400, Richmond, VA 23233-1463. Internet address: http://www.dpor.virginia.gov/

Rev. 8/2012

Disclaimer: These regulations may not be the most recent version. Virginia may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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