557A.18 Financing of time-share programs.
In the financing of a time-share program, the developer shall retain financial records of the schedule of payments required to be made and the payments made to any person or entity which is the holder of an underlying blanket mortgage, deed of trust, contract of sale, or other lien or encumbrance. Any transfer of the developer’s interest in the time-share program to a person other than purchaser of a unit shall be subject to the obligations of the developer.
85 Acts, ch 155, §18
Referred to in §557A.3
Structure Iowa Code
Section 557A.1 - Time-share Act.
Section 557A.3 - Applicability to time-share programs located out-of-state.
Section 557A.4 - Action for partition.
Section 557A.5 - Status of time-share estates.
Section 557A.6 - Creation of time-share estates.
Section 557A.7 - Arrangements for management and operation of a time-share estate program.
Section 557A.8 - Developer control period.
Section 557A.9 - Creation of time-share uses.
Section 557A.10 - Arrangement for management and operation of a time-share use program.
Section 557A.11 - Disclosure requirements.
Section 557A.12 - Additional disclosure requirements relating to exchange programs.
Section 557A.13 - Exemptions from disclosure requirements.
Section 557A.14 - Purchaser’s and developer’s rights relating to property report.
Section 557A.15 - Release from liens.
Section 557A.16 - Enforcement and cause of action.
Section 557A.18 - Financing of time-share programs.
Section 557A.19 - Lienholder’s rights.
Section 557A.20 - Selling time-share estates — license required.