---
type: "Bill"
title: "Virginia Real Estate Time-Share Act; partial termination of certain time-shares."
description: "Virginia Real Estate Time-Share Act; partial termination of certain time-shares. Allows for the partial termination of a time-share project by a developer or an association and provides the procedures for any such partial termination. The bill also sets a one-year statute of limitations on any legal challenge or action for damages or equitable relief arising out of any termination of a time-share project in accordance with the provisions of the Virginia Real Estate Time-Share Act. The bill's provisions are declared to be effective retroactive in accordance with certain provisions of the Virginia Real Estate Time-Share Act. This bill is identical to SB 600. "
jurisdiction: "us/states/va"
legislature: "Virginia General Assembly"
session: "2024"
identifier: "HB 1241"
citation: "Virginia HB 1241 (2024)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Tony O. Wilt"]
version_count: 4
action_count: 34
vote_count: 7
first_action: "2024-01-10"
last_action: "2024-04-05"
source: "openstates"
source_identifier: "ocd-bill/5282af2e-660f-4774-9881-fffefc0f0cab"
source_url: "https://lis.virginia.gov/cgi-bin/legp604.exe?241+sum+HB1241"
source_hash: "fa811363f2ecf1af135d95e8f4d0c003ddbcca7676a79b6da9bce0ebdeae9446"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-va"]
---

# Virginia HB 1241 (2024) — Virginia Real Estate Time-Share Act; partial termination of certain time-shares.

Virginia Real Estate Time-Share Act; partial termination of certain time-shares. Allows for the partial termination of a time-share project by a developer or an association and provides the procedures for any such partial termination. The bill also sets a one-year statute of limitations on any legal challenge or action for damages or equitable relief arising out of any termination of a time-share project in accordance with the provisions of the Virginia Real Estate Time-Share Act. The bill's provisions are declared to be effective retroactive in accordance with certain provisions of the Virginia Real Estate Time-Share Act. This bill is identical to SB 600. 

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **CHAP0546** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+CHAP0546)
2. **HB1241ER** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+HB1241ER)
3. **Prefiled and ordered printed; offered 01/10/24 24101451D** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+HB1241)
4. **Printed as engrossed 24101451D-E** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+HB1241E)

## Votes

- Reported from General Laws and Technology with amendment (15-Y 0-N) — **15–0** (pass) · upper
- Passed Senate with amendment (40-Y 0-N) — **40–0** (pass) · upper
- VOTE: Block Vote Passage (100-Y 0-N) — **99–0** (pass) · lower
- Constitutional reading dispensed (38-Y 0-N) — **38–0** (pass) · upper
- Subcommittee recommends reporting with amendments (8-Y 0-N) — **8–0** (pass) · lower
- Reported from General Laws with amendment(s) (20-Y 0-N) — **20–0** (pass) · lower
- VOTE: Adoption (96-Y 2-N) — **95–2** (pass) · lower

## Sponsors

- Tony O. Wilt — primary (person)
- Amy J. Laufer — cosponsor (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2024-01-10** Prefiled and ordered printed; offered 01/10/24 24101451D `filing, introduction`
- **2024-01-10** Referred to Committee on General Laws `referral-committee`
- **2024-01-22** Impact statement from DPB (HB1241)
- **2024-01-26** Assigned GL sub: Housing/Consumer Protection `referral-committee`
- **2024-02-01** House subcommittee amendments and substitutes offered
- **2024-02-01** Subcommittee recommends reporting with amendments (8-Y 0-N)
- **2024-02-06** Reported from General Laws with amendment(s) (20-Y 0-N) `committee-passage`
- **2024-02-08** Read first time `reading-1`
- **2024-02-09** Read second time `reading-2`
- **2024-02-09** Committee amendments agreed to `amendment-passage`
- **2024-02-09** Engrossed by House as amended HB1241E
- **2024-02-09** Printed as engrossed 24101451D-E
- **2024-02-12** Read third time and passed House BLOCK VOTE (100-Y 0-N) `passage, reading-3`
- **2024-02-12** Impact statement from DPB (HB1241E)
- **2024-02-12** VOTE: Block Vote Passage (100-Y 0-N) `passage`
- **2024-02-13** Constitutional reading dispensed
- **2024-02-13** Referred to Committee on General Laws and Technology `referral-committee`
- **2024-02-21** Senate committee, floor amendments and substitutes offered
- **2024-02-21** Reported from General Laws and Technology with amendment (15-Y 0-N) `committee-passage`
- **2024-02-23** Constitutional reading dispensed (38-Y 0-N)
- **2024-02-26** Read third time `reading-3`
- **2024-02-26** Reading of amendment waived
- **2024-02-26** Committee amendment agreed to `amendment-passage`
- **2024-02-26** Engrossed by Senate as amended
- **2024-02-26** Passed Senate with amendment (40-Y 0-N) `passage`
- **2024-02-28** Senate amendment agreed to by House (96-Y 2-N) `amendment-passage`
- **2024-02-28** VOTE: Adoption (96-Y 2-N)
- **2024-03-05** Enrolled `enrolled`
- **2024-03-05** Bill text as passed House and Senate (HB1241ER) `passage`
- **2024-03-05** Impact statement from DPB (HB1241ER)
- **2024-03-11** Enrolled Bill communicated to Governor on March 11, 2024 `enrolled, executive-receipt`
- **2024-03-11** Governor's Action Deadline 11:59 p.m., April 8, 2024 `executive-receipt`
- **2024-04-05** Approved by Governor-Chapter 546 (effective - see bill) `executive-signature`
- **2024-04-05** Acts of Assembly Chapter text (CHAP0546)

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/5282af2e-660f-4774-9881-fffefc0f0cab`. Confidence: reported (aggregated from official Virginia legislature records).