HB5557 is a bill in the West Virginia Legislature (2026 Regular Session): Require advertising materials be submitted with the initial public offering statement.

What is the status of HB5557?

Passed one chamber as of March 3, 2026. Latest action: To Judiciary (March 4, 2026).

Where is the official record for HB5557?

On the West Virginia Legislature website: https://www.wvlegislature.gov/bill_status/Bills_history.cfm?input=5557&year=2026&sessiontype=RS&btype=bill

West Virginia legislation · 2026 Regular Session

West Virginia HB5557: Require advertising materials be submitted with the initial public offering statement.

Q: What does HB5557 do?

In its own words: To amend and reenact §36-9-4 and §36-9-10 of the Code of West Virginia, 1931, as amended, relating to real estate time-shares; providing definitions; and requiring advertising materials be submitted with the initial public offering statement. ARTICLE 9. WEST VIRGINIA REAL ESTATE TIME-SHARING ACT. §36-9-4. Definitions. As used in this "Advertising materials" means: (A) Promotional brochures, pamphlets, advertisements or other materials to be disseminated to the public in connection with the sale of time shares: (B) Transcripts of radio and television advertisements: (C) Lodging certifica.

Status: Passed one chamber, March 3, 2026

What the bill says

To amend and reenact §36-9-4 and §36-9-10 of the Code of West Virginia, 1931, as amended, relating to real estate time-shares; providing definitions; and requiring advertising materials be submitted with the initial public offering statement. ARTICLE 9. WEST VIRGINIA REAL ESTATE TIME-SHARING ACT. §36-9-4. Definitions. As used in this "Advertising materials" means: (A) Promotional brochures, pamphlets, advertisements or other materials to be disseminated to the public in connection with the sale of time shares: (B) Transcripts of radio and television advertisements: (C) Lodging certifica.

From the engrossed text, February 25, 2026:

A BILL to amend and reenact §36-9-4 and §36-9-10 of the Code of West Virginia, 1931, as amended, relating to real estate time-shares; providing definitions; and requiring advertising materials be submitted with the initial public offering statement. ARTICLE 9. WEST VIRGINIA REAL ESTATE TIME-SHARING ACT. §36-9-4. Definitions. As used in this "Advertising materials" means: (A) Promotional brochures, pamphlets, advertisements or other materials to be disseminated to the public in connection with the sale of time shares: (B) Transcripts of radio and television advertisements: (C) Lodging certificates: (D) Transcripts of standard verbal sales presentations: and (E) Any other advertising materials; (b) "Assessment" means the share of funds required for the payment of common expenses which is assessed from time to time against each purchaser by the managing entity; (c) "Common expenses" means those expenses properly incurred for the maintenance, operation and repair of all accommodations or facilities, or both, constituting the time- sharing plan; (d) "Contract" means any agreement conferring the rights and obligations of the time-sharing plan on the purchaser; (e) "Developer" means the person creating a time-sharing plan; (f) "Division" means the division of land sales and condominiums in the office of the State Auditor; (g) "Facilities" means any structure, service, improvement or real property, improved or unimproved, which is made available to the purchasers of a time-sharing plan; …

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West Virginia HB5557: Require advertising materials be submitted with the initial public offering statement.

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