A developer or any other person subject to this chapter that offers or disposes of a time-share interest without complying with this chapter or that violates this chapter is guilty of a misdemeanor punishable by a fine not to exceed five thousand dollars ($5,000) per occurrence or by imprisonment not to exceed one (1) year, or both.
Structure Arkansas Code
Chapter 14 - Arkansas Time-Share Act
Subchapter 4 - Protection of Purchasers
§ 18-14-403. Statute of limitations
§ 18-14-404. Required contents of public offering statements for time-share interests
§ 18-14-406. Other statutes not applicable
§ 18-14-407. Escrow accounts — Other financial assurances
§ 18-14-408. Guarantees for completion of time-share properties