Virginia HB 234 Passes Both Houses

2012-03-06

Issue Brief

As of March 5, HB 234 (Senate substitute) unanimously passed both houses. The bill contains provisions that would make it easier for an HOA to advertise the availability of timeshare interests at foreclosure sale by allowing legal notice ads required in timeshare foreclosures to refer the reader to a website for more details regarding the foreclosure. 

Impact

Legal publications are very costly. HB 234 will reduce the cost of foreclosing on a timeshare which will save timeshare HOAs money. 

Position/Call to Action

ARDA-ROC is actively lobbying on behalf of HB 234 in conjunction with the Virginia Resort Development Association (VRDA).

Issue Updates

Arda-roc.org will provide updates about the final passage and implementation of HB 234 when it is available.

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