Chapter 734b. Time Shares  


Secs. 42-103wto42-103bb. 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 promotional materials.
Sec. 42-103cc. Short title: Time Share Act.
Sec. 42-103dd. Definitions.
Sec. 42-103ee. Application of Time Share Act and exemptions. Use of “vacation ownership” in advertisement and disclosures.
Sec. 42-103ff. Exempt communications.
Sec. 42-103gg. Recordation of time share instrument. Declaration. Licensure of sales agents. Exceptions.
Sec. 42-103hh. Ownership and conveyance of time share interest.
Sec. 42-103ii. Registration of time share plan. Presales authorization. Application fee. Developer requirements after approval by commissioner.
Sec. 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.
Sec. 42-103kk. Regulations. Penalties. Hearings. Enforcement. Compliance with other statutes. Developer registration. Fees.
Sec. 42-103ll. Advertisements and promotions. Prohibitions. Disclosures.
Sec. 42-103mm. Time share disclosure statement. Written acknowledgment of receipt.
Sec. 42-103nn. Exchange disclosure statement. Filing with department. Amendments. Fees.
Sec. 42-103oo. Duty and liability of developer.
Sec. 42-103pp. Cancellation of purchase contract.
Sec. 42-103qq. Purchase contract statements.
Sec. 42-103rr. Exchange company. Liability exceptions.
Sec. 42-103ss. Deposit of funds. Release of funds. Closing agent and developer agreement. Disputes relating to funds. Financial assurance in lieu of funds.
Sec. 42-103tt. Unfair trade practices. Use rights compliance. Nonmaterial error or omission.
Sec. 42-103uu. Insurance.
Sec. 42-103vv. Developer prohibitions. Penalty.
Sec. 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.
Sec. 42-103xx. Treatment of assessments collected by managing entity. Disclosures. Fiduciary duty of managing entity.
Sec. 42-103yy. Assessments. Lien on time share interest. Foreclosure.
Sec. 42-103zz. Costs of delinquent assessment collection. Notice to purchaser.
Sec. 42-103aaa. Books and records.
Sec. 42-103bbb. Time share resale broker requirements. Rebuttable presumption. Exclusions.
Sec. 42-103ccc. Time share resale disclosure requirements.
Sec. 42-103ddd. Time share resale agreement requirements. Exceptions.

Notations

*See chapter 828 re Common Interest Ownership Act.