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Section 27-32-10. Definitions. - For purposes of this chapter: (1) "Accommodations" means any hotel...
Section 27-32-20. Advertisement or conveyance of plan in absence of licensure of seller and prior registration of plan prohibited; materials to be furnished commission by seller of plans; exemptions. - It is a violation of this chapter for a seller...
Section 27-32-30. Materials to be kept among business records of seller of plans. - It is a violation of this chapter for a person...
Section 27-32-40. Furnishing copy of contract to purchaser; terms thereof. - (A) It is a violation of this chapter for the...
Section 27-32-50. Request to cancel contract. - It is a violation of this chapter for the seller...
Section 27-32-55. Vacation time sharing resale services; written contract; and other requirements. - (A) Before engaging in any vacation time sharing resale services,...
Section 27-32-60. Refund upon cancellation; escrow account. - It is a violation of this chapter for a seller...
Section 27-32-70. Misrepresentation of right to cancel. - It is a violation of this chapter for a seller...
Section 27-32-80. Transfer of seller's interest in plan or facilities to third party. - It is a violation of this chapter for a seller...
Section 27-32-90. Escrow accounts; provisions; refunds; audits and examinations; disputed funds; investments and interest; record keeping; financial assurances. - (A) A seller of a vacation time sharing plan shall...
Section 27-32-100. Public offering statements; contents. - It is a violation of this chapter for a person...
Section 27-32-110. Prohibited practices. - It is a violation of this chapter for a seller...
Section 27-32-115. Finder's fees; limitations on finder's activities. - Notwithstanding another provision of law, a seller may pay a...
Section 27-32-120. Penalties for violation of chapter; effect on contract. - (A)(1) If, upon investigation by the Real Estate Commission, a...
Section 27-32-130. Enforcement and implementation of chapter; regulations. - The Real Estate Commission is responsible for the enforcement and...
Section 27-32-140. Materials required to be filed with plans concerning facilities not substantially completed. - (A) A seller who files with the commission a vacation...
Section 27-32-150. Fee for registration and renewal of vacation time sharing plans; examination of documentation pertaining to advertisement or sale; expenses for investigation and prosecution. - (A) An initial filing fee of ten dollars per each...
Section 27-32-160. Grants in aid and contracts with similar agencies to further objectives. - The commission may accept grants-in-aid from a private or public...
Section 27-32-170. Proceeds from sale or exchange exempt from sales tax. - The gross proceeds from the sale or resale of a...
Section 27-32-180. Registration of persons engaging in the sale of vacation time sharing plans; form and contents; exemption for regular employees of seller; fees; seller's supervision and control; renewal. - (A) Except as provided in subsection (B) of this section,...
Section 27-32-190. Registration of plans; powers of the commission. - (A) A vacation time sharing plan for sale or offered...
Section 27-32-200. Vacation Time Sharing Recovery Fund. - (A) There is created a special fund known as the...
Section 27-32-210. Recovery from fund; conditions. - (A) A person aggrieved by the conduct of a registrant...
Section 27-32-220. Limitations on payments from fund. - These limitations apply to payments from the recovery fund: (1)...
Section 27-32-230. Arbitration; automatic revocation of license; applicant receiving award to subrogate rights. - (A) A person registered or licensed pursuant to this chapter...
Section 27-32-240. Property taxation of time share units; valuation; assessment; enforcement. - (1) For purposes of property taxation, a time share unit...
Section 27-32-250. Sales or exchanges of vacation multiple ownership interests. - (1) Trusts, partnership interests, undivided interests as tenants in common,...
Section 27-32-300. Short title. - This article may be cited as the "Timeshare Lien Foreclosure...
Section 27-32-305. Purpose. - The purposes of this article are to: (1) recognize that...
Section 27-32-310. Definitions. - As used in this article: (1) "Assessment lien" means: (a)...
Section 27-32-315. Who may serve as trustee; appointment of successor trustee; notice of substitution of trustee. - (A) A trustee may be any: (1) attorney who is...
Section 27-32-320. Mortgage and assessment lien foreclosure statements; Resolution Trust Corporation mortgages. - (A) In order to foreclose a mortgage lien pursuant to...
Section 27-32-325. Conditions for exercise of power of sale by trustee. - A trustee may exercise a power of sale provided that:...
Section 27-32-330. Notification of obligor; perfection of notice. - (A) In any foreclosure proceeding under this article, the trustee...
Section 27-32-335. Contents, recording, and publication of notice of sale; right to cure default; copy to obligor; subsequent interests. - (A) The notice of sale must set forth: (1) the...
Section 27-32-340. Certificate of compliance; contents; recording; reliance on lienholder for facts and circumstances of default. - (A) On the date the trustee conducts a sale, the...
Section 27-32-345. Public sale procedures; certificate of sale. - (A) The sale of a timeshare estate by public auction...
Section 27-32-350. Effect of sale on rights of parties; lienholder deficiency judgment; validity of sale presumed. - (A) A sale conducted pursuant to Section 27-32-345 forecloses and...
Section 27-32-355. Trustee's deed; release of lien extinguished by sale. - Ten days after a sale, absent the filing and service...
Section 27-32-360. Disposition of proceeds of sale; costs and fees. - (A) The trustee must apply the proceeds of the sale...
Section 27-32-365. Trustee's deed; contents; effect; liability of trustee. - (A) The trustee's deed must include the name and address...
Section 27-32-370. Relation of article to other foreclosure proceedings; right of action preserved; severability; managing entity to release address of timeshare owner. - (A) The procedures set forth in this article do not...
Section 27-32-400. Citation of article. - This article may be cited as the "Time Sharing Transaction...
Section 27-32-405. Purpose. - The General Assembly declares that the purposes of this article...
Section 27-32-410. Timeshare closing; time; representation; notice to purchaser; contents. - (A)(1) The timeshare closing is considered to occur after the...
Section 27-32-500. Short title. - This article may be cited as the "Vacation Time Sharing...
Section 27-32-505. Purposes of article. - The General Assembly declares that the purposes of this article...
Section 27-32-510. Extension of vacation time sharing plan terms; voting; quorum; proxy. - (A) Unless the timeshare declaration provides a lower percentage, the...
Section 27-32-520. Termination of vacation time sharing plan terms; effective date of termination; corporate status of vacation time sharing association; termination trustee; quorum; proxy. - (A) Unless the timeshare declaration provides a lower percentage, the...
Section 27-32-530. Application of article. - The provisions of this article apply to all vacation time...