Connecticut General Statutes
Chapter 734b - Time Shares
Section 42-103aaa. - Books and records.

(a) A developer or managing entity, on written request by an owner, shall make available for examination at its registered office or principal place of business and at any reasonable time or times the relevant books and records relating to the collection and expenditure of assessments.

(b) A developer or managing entity shall maintain in its records a copy of each purchase contract for an accommodation sold by the developer for a time share period unless the contract has been canceled. If a sale of the time share estate is pending, the developer shall retain a copy of the contract until a deed of conveyance, agreement for deed or lease is recorded in the real property records of the town, county or other jurisdiction in which the time share property is located.
(P.A. 09-156, S. 25.)
History: P.A. 09-156 effective January 1, 2010.

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Structure Connecticut General Statutes

Connecticut General Statutes

Title 42 - Business, Selling, Trading and Collection Practices

Chapter 734b - Time Shares

Section 42-103w to 42-103bb. - Application of chapter. Definitions. Contract; information required; right to cancel. Advertising and promotional devices. Unfair trade practices. Disclosure of information concerning prizes in advertisements and promot...

Section 42-103cc. - Short title: Time Share Act.

Section 42-103dd. - Definitions.

Section 42-103ee. - Application of Time Share Act and exemptions. Use of “vacation ownership” in advertisement and disclosures.

Section 42-103ff. - Exempt communications.

Section 42-103gg. - Recordation of time share instrument. Declaration. Licensure of sales agents. Exceptions.

Section 42-103hh. - Ownership and conveyance of time share interest.

Section 42-103ii. - Registration of time share plan. Presales authorization. Application fee. Developer requirements after approval by commissioner.

Section 42-103jj. - Time share plan registration application. Abbreviated application. Statement in lieu of abbreviated application. Exclusion. Application investigation and inspection of property. Costs. Amendments to registration. Fee.

Section 42-103kk. - Regulations. Penalties. Hearings. Enforcement. Compliance with other statutes. Developer registration. Fees.

Section 42-103ll. - Advertisements and promotions. Prohibitions. Disclosures.

Section 42-103mm. - Time share disclosure statement. Written acknowledgment of receipt.

Section 42-103nn. - Exchange disclosure statement. Filing with department. Amendments. Fees.

Section 42-103oo. - Duty and liability of developer.

Section 42-103pp. - Cancellation of purchase contract.

Section 42-103qq. - Purchase contract statements.

Section 42-103rr. - Exchange company. Liability exceptions.

Section 42-103ss. - Deposit of funds. Release of funds. Closing agent and developer agreement. Disputes relating to funds. Financial assurance in lieu of funds.

Section 42-103tt. - Unfair trade practices. Use rights compliance. Nonmaterial error or omission.

Section 42-103uu. - Insurance.

Section 42-103vv. - Developer prohibitions. Penalty.

Section 42-103ww. - Annual statement of time share plan or time share property provided by managing entity upon request. Audits. Unfair trade practice. Posting in registration area of accommodation. Extension. Enforcement.

Section 42-103xx. - Treatment of assessments collected by managing entity. Disclosures. Fiduciary duty of managing entity.

Section 42-103yy. - Assessments. Lien on time share interest. Foreclosure.

Section 42-103zz. - Costs of delinquent assessment collection. Notice to purchaser.

Section 42-103aaa. - Books and records.

Section 42-103bbb. - Time share resale broker requirements. Rebuttable presumption. Exclusions.

Section 42-103ccc. - Time share resale disclosure requirements.

Section 42-103ddd. - Time share resale agreement requirements. Exceptions.