CHAPTER 514E

TIME SHARING PLANS

 

Section

   514E-1 Definitions

 514E-1.5 Time share administrator; duties

   514E-2 Status of property

 514E-2.5 Licensing of sales agents and acquisition agents

 514E-2.6 Repealed

   514E-3 Taxation

   514E-4 County authority

   514E-5 Geographic limitations

 514E-5.5 Foreign time share plans; exemption

   514E-6 Time sharing in projects

 514E-6.5 Voting rights for time share units

   514E-7 Maintenance charges

   514E-8 Mutual right to cancel

 514E-8.5 Classes of time share interests

 514E-8.6 One-to-one use-right to use-night requirement

   514E-9 Disclosure statement

 514E-9.5 Exchange program; general provisions

 514E-9.8 Time share interest owner referrals

  514E-10 Registration required; developer, acquisition agent,

          plan manager, and exchange agent

514E-10.3 Time share owners association; budgets and reserves

514E-10.5 Consultant review of developer filing

  514E-11 Prohibited practices

514E-11.1 Deceptive trade practices

514E-11.2 Power to enjoin

514E-11.3 Remedies; sales voidable; when and by whom

514E-11.4 Defense to action

  514E-12 Civil penalty; suspension or revocation of

          registrations

514E-12.5 Statutory or common-law remedies

  514E-13 Authority of director

  514E-14 Preexisting time share units and plans

  514E-15 Severability

  514E-16 Deposit of purchaser's funds, notes, and contracts into

          escrow

  514E-17 Release of purchaser's funds, notes, and contracts from

          escrow without a closing

  514E-18 Release of purchaser's funds, notes, and contracts from

          escrow upon closing

  514E-19 Protection of purchasers from blanket liens

  514E-20 Effect of recording a nondisturbance agreement

  514E-21 Effect of recording a notice of time share plan

  514E-22 General requirements for trusts

  514E-23 Requirements for trustees

  514E-24 Additional requirements for lien payment trusts

  514E-25 Lien payment deposit

  514E-26 Termination of a trust

  514E-27 Alternative arrangements for purchaser protection

  514E-28 Requirements for surety bonds and letters of credit

  514E-29 Association; lien for delinquent assessments

  514E-30 Scope of chapter

  514E-31 Private right of action

 

Cross References

 

  Sunset evaluations modified, see §§26H-4, 5.

  Time share interest foreclosures, see §§667-61 to 65.

 

Law Journals and Reviews

 

  Timesharing in the 1990s.  I HBJ No. 13, at pg. 89.