Section 22 – Violation a misdemeanor.
57-19-22. Violation a misdemeanor. Any person who willfully violates any provision of this chapter is guilty of a class B misdemeanor. Amended by Chapter 241, 1991 General Session
Section 23 – Prosecution.
57-19-23. Prosecution. The director may refer any available evidence concerning violations of this chapter or of any rule or order under this chapter to the attorney general or the proper prosecuting attorney, who may, in his discretion, with or without such a referral, institute the appropriate civil or criminal proceedings under this chapter. Enacted by […]
Section 8 – Filing proposed documents.
Effective 5/10/2016 57-19-8. Filing proposed documents. (1) Every developer shall file with the director at least five business days before using any of the following in this state: (a) the proposed form of the developer’s sales contracts; and (b) a copy or the text of any supplements to the written disclosure required under Section 57-19-11. […]
Section 9 – Duration of registration — Amendment and renewal — Supplemental disclosure — Notice of amendment.
Effective 5/10/2016 57-19-9. Duration of registration — Amendment and renewal — Supplemental disclosure — Notice of amendment. (1) Registration of a development is effective for a period of one year and may, upon application, be renewed for successive periods of one year each. (2) (a) A registration may be amended at any time, for any […]
Section 10 – Effect of application or registration — Misleading statements to prospective purchasers a misdemeanor.
Effective 5/10/2016 57-19-10. Effect of application or registration — Misleading statements to prospective purchasers a misdemeanor. (1) Neither the fact that an application for registration or the written disclosures required by this chapter have been filed, nor the fact that a development has been effectively registered or exempted, constitutes a finding by the director that […]
Section 11 – Disclosure required.
Effective 5/10/2016 57-19-11. Disclosure required. (1) Except as provided in Section 57-19-26, any person who sells or offers to sell an interest in a development located in this state, or who sells or offers to sell in this state an interest in a development located outside of this state, shall provide to a prospective purchaser, […]
Section 12 – Purchaser’s right to cancel.
Effective 5/10/2016 57-19-12. Purchaser’s right to cancel. (1) (a) An agreement to purchase an interest in a development may be cancelled, at the option of the purchaser, if: (i) the purchaser delivers a written notice of cancellation to the developer at the developer’s business address by: (A) hand; or (B) certified mail, return receipt requested, […]
Section 13 – Suspension, revocation, or denial of registration — Fine.
Effective 5/10/2016 57-19-13. Suspension, revocation, or denial of registration — Fine. (1) Subject to Section 57-19-17, if the director finds that an applicant or developer has engaged in an act described in Subsection (2), the director may: (a) deny an application for registration of a development; (b) suspend or revoke an existing registration; or (c) […]
Section 14 – Registration of salesperson.
Effective 5/10/2016 57-19-14. Registration of salesperson. Except as provided in Section 57-19-26, it is unlawful for a person to act as a salesperson and market a development in this state without first registering under this chapter as a salesperson. Amended by Chapter 255, 2016 General Session
Section 5 – Registration — Filing application.
Effective 5/8/2018 57-19-5. Registration — Filing application. (1) A person may apply for registration of a development by filing with the division: (a) an application in the form prescribed by the director; (b) the written disclosure described in Section 57-19-11; and (c) financial statements and other information that the director may by rule made in […]