Connecticut General Statutes
Chapter 734b - Time Shares
Section 42-103cc. - Short title: Time Share Act.

Sections 42-103cc to 42-103ddd, inclusive, shall be known and may be cited as the “Time Share Act”.

(P.A. 09-156, S. 1.)
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.