Sec. 8. The attorney general may require:
(1) that a developer file a performance bond with the division; or
(2) that all or part of the money collected from the consumer as part of a purchase of a time share instrument or camping club membership, including closing costs and exchange company membership fees, be placed and held in escrow until the particular time share unit or camping site to which the time share or camping club membership relates is substantially completed and ready for occupancy.
[Pre-2002 Recodification Citation: 24-5-9-29(a).]
As added by P.L.2-2002, SEC.17.
Structure Indiana Code
Article 32. Time Shares and Camping Clubs
Chapter 3. Time Shares and Camping Clubs
32-32-3-1. Registration With Division
32-32-3-2. Amendment by Developer Must Be Filed
32-32-3-4. Requirements for Membership Agreement
32-32-3-5. Requirements of Membership Agreement
32-32-3-6. Transfer of Interest
32-32-3-7. Cancellation of Purchase
32-32-3-8. Attorney General Requirements
32-32-3-9. Unavailability; Remedy
32-32-3-10. Leasehold Interest
32-32-3-11. Action for Partition; Judicial Sale
32-32-3-12. Required Disclosures
32-32-3-13. Investigation and Prosecution of Complaints