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Conn. Gen. Stat. ch. 734b – Time Shares | Midpage
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Connecticut General Statutes
Title 42
Chapter 734b
Conn. Gen. Stat. ch. 734b
Time Shares
42-103cc
Short title: Time Share Act.
42-103dd
Definitions.
42-103ee
Application of Time Share Act and exemptions. Use of “vacation ownership” in advertisement and disclosures.
42-103ff
Exempt communications.
42-103gg
Recordation of time share instrument. Declaration. Licensure of sales agents. Exceptions.
42-103hh
Ownership and conveyance of time share interest.
42-103ii
Registration of time share plan. Presales authorization. Application fee. Developer requirements after approval by commissioner.
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.
42-103kk
Regulations. Penalties. Hearings. Enforcement. Compliance with other statutes. Developer registration. Fees.
42-103ll
Advertisements and promotions. Prohibitions. Disclosures.
42-103mm
Time share disclosure statement. Written acknowledgment of receipt.
42-103nn
Exchange disclosure statement. Filing with department. Amendments. Fees.
42-103oo
Duty and liability of developer.
42-103pp
Cancellation of purchase contract.
42-103qq
Purchase contract statements.
42-103rr
Exchange company. Liability exceptions.
42-103ss
Deposit of funds. Release of funds. Closing agent and developer agreement. Disputes relating to funds. Financial assurance in lieu of funds.
42-103tt
Unfair trade practices. Use rights compliance. Nonmaterial error or omission.
42-103uu
Insurance.
42-103vv
Developer prohibitions. Penalty.
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.
42-103xx
Treatment of assessments collected by managing entity. Disclosures. Fiduciary duty of managing entity.
42-103yy
Assessments. Lien on time share interest. Foreclosure.
42-103zz
Costs of delinquent assessment collection. Notice to purchaser.
42-103aaa
Books and records.
42-103bbb
Time share resale broker requirements. Rebuttable presumption. Exclusions.
42-103ccc
Time share resale disclosure requirements.
42-103ddd
Time share resale agreement requirements. Exceptions.