§ 93A-67 – Resale service providers.
93A-67. Resale service providers. (a) Before engaging in resale advertising services, a resale service provider must provide to the consumer timeshare reseller in writing (i) a description of any fees or costs related to the services that the consumer timeshare reseller, or any other person, is required [to] pay to the resale service provider or […]
§ 93A-68 – Timeshare transfer services.
93A-68. Timeshare transfer services. (a) In the course of advertising, marketing, promoting, offering, sale, or performance of any timeshare transfer services, no person shall do any of the following: (1) Engage in any timeshare transfer services for compensation, or the expectation of receiving compensation, without first obtaining a written timeshare transfer services agreement signed by […]
§ 93A-69 – Timeshare program extensions.
93A-69. Timeshare program extensions. (a) Unless the timeshare declaration specifically provides a lower percentage, the vote or written consent, or both, of at least sixty-six percent (66%) of all eligible voting interests present in person or by proxy at a duly noticed, called, and constituted meeting of the owners may, at any time, extend the […]
§ 93A-69.1 – Timeshare program terminations.
93A-69.1. Timeshare program terminations. (a) Unless the timeshare declaration provides otherwise, the vote or written consent, or both, of sixty percent (60%) of all voting interests in a timeshare program may terminate the term of the timeshare program at any time. If a timeshare program is terminated pursuant to this section, the termination has immediate […]
§ 93A-82 – Definitions.
93A-82. Definitions. As used in this Article, the terms "broker price opinion" and "comparative market analysis" mean an estimate prepared by a licensed real estate broker that details the probable selling price or leasing price of a particular parcel of or interest in property and provides a varying level of detail about the property’s condition, […]
§ 93A-83 – Broker price opinions and comparative market analyses for a fee.
93A-83. Broker price opinions and comparative market analyses for a fee. (a) Authorized. – A person licensed under this Chapter, other than a provisional broker, may prepare a broker price opinion or comparative market analysis and charge and collect a fee for the opinion if: (1) The license of that licensee is active and in […]
§ 93A-62 – Delinquent assessments; developer guarantee.
93A-62. Delinquent assessments; developer guarantee. (a) Delinquent assessments may bear interest at the highest rate permitted by law or at some lesser rate established by the managing entity. In addition to interest, the managing entity may charge a reasonable administrative late fee for each delinquent assessment. Any costs of collection, including reasonable collection agency fees […]
§ 93A-63 – Reservation systems.
93A-63. Reservation systems. (a) The developer shall describe in the timeshare declaration any creation of a reservation system and shall establish rules and regulations for its operation. In establishing these rules and regulations, the developer shall take into account the location and anticipated relative use demand of each timeshare unit and timeshare project component site […]
§ 93A-64 – Multisite timeshare program additions, substitutions, and deletions.
93A-64. Multisite timeshare program additions, substitutions, and deletions. (a) With respect to addition of timeshare units, amenities, or timeshare projects to the multisite timeshare program, the timeshare declaration must provide for the following: (1) The basis upon which new timeshare units, amenities, or timeshare projects may be added, by whom additions may be made, and […]
§ 93A-65 – Resale purchase contracts; prohibition against advance listing fee.
93A-65. Resale purchase contracts; prohibition against advance listing fee. (a) A consumer timeshare reseller, or any agent of a reseller, must use a resale purchase contract which must contain all of the following: (1) An identification of the timeshare. (2) The name and address of the timeshare program and of the managing entity of the […]