Vacation Time Sharing Plans | Midpage

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South Carolina Code of Laws

Article 1

Vacation Time Sharing Plans

27-32-10Definitions 27-32-20Advertisement or conveyance of plan in absence of licensure of seller and prior registration of plan prohibited; materials to be furnished commission by seller of plans; exemptions 27-32-30Materials to be kept among business records of seller of plans 27-32-40Furnishing copy of contract to purchaser; terms thereof 27-32-50Request to cancel contract 27-32-55Vacation time sharing resale services; written contract; and other requirements 27-32-60Refund upon cancellation; escrow account 27-32-70Misrepresentation of right to cancel 27-32-80Transfer of seller's interest in plan or facilities to third party 27-32-90Escrow accounts; provisions; refunds; audits and examinations; disputed funds; investments and interest; record keeping; financial assurances 27-32-95Reserved by 2003, Act 84, Section 1 27-32-100Public offering statements; contents 27-32-110Prohibited practices 27-32-115Finder's fees; limitations on finder's activities 27-32-120Penalties for violation of chapter; effect on contract 27-32-130Enforcement and implementation of chapter; regulations 27-32-140Materials required to be filed with plans concerning facilities not substantially completed 27-32-150Fee for registration and renewal of vacation time sharing plans; examination of documentation pertaining to advertisement or sale; expenses for investigation and prosecution 27-32-160Grants in aid and contracts with similar agencies to further objectives 27-32-170Proceeds from sale or exchange exempt from sales tax 27-32-180Registration of persons engaging in the sale of vacation time sharing plans; form and contents; exemption for regular employees of seller; fees; seller's supervision and control; renewal 27-32-190Registration of plans; powers of the commission 27-32-200Vacation Time Sharing Recovery Fund 27-32-210Recovery from fund; conditions 27-32-220Limitations on payments from fund 27-32-230Arbitration; automatic revocation of license; applicant receiving award to subrogate rights 27-32-240Property taxation of time share units; valuation; assessment; enforcement 27-32-250Sales or exchanges of vacation multiple ownership interests