§ 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-66 – Record keeping by resale service providers, transfer service providers, and lead dealers.
93A-66. Record keeping by resale service providers, transfer service providers, and lead dealers. Resale service providers, lead dealers, and transfer service providers shall maintain the following records for a period of three years from the date each piece of personal contact information is obtained: (1) A copy of all pieces of personal contact information obtained. […]
§ 93A-57 – Release of liens or subordination and notice to creditors instrument.
93A-57. Release of liens or subordination and notice to creditors instrument. (a) Prior to any closing, the developer shall record a release of all liens or encumbrances affecting the timeshare being acquired by the purchaser or the timeshare property or comply with one of the following: (1) If there are any interest holders in the […]
§ 93A-58 – Registrar required; criminal penalties; program broker.
93A-58. Registrar required; criminal penalties; program broker. (a) Every developer shall, by affidavit filed with the Commission, designate a natural person to serve as timeshare registrar for its registered timeshare program. The timeshare registrar shall be responsible for the recordation of timeshare instruments and the release of liens required by G.S. 93A-42(c) and G.S. 93A-57(a). […]
§ 93A-59 – Preservation of an owner's claims and defenses.
93A-59. Preservation of an owner’s claims and defenses. (a) For one year following the execution of an instrument of indebtedness for the purchase of a timeshare use, the owner may assert against the developer, assignee of the developer, or other holder of the instrument of indebtedness, any claims or defenses available against the developer, and […]