Time Shares

  1. Law
  2. Connecticut General Statutes
  3. Business, Selling, Trading and Collection Practices
  4. Time Shares

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Section
42-103aaa

Books and records.

Section
42-103bbb

Time share resale broker requirements. Rebuttable presumption. Exclusions.

Section
42-103cc

Short title: Time Share Act.

Section
42-103ccc

Time share resale disclosure requirements.

Section
42-103dd

Definitions.

Section
42-103ddd

Time share resale agreement requirements. Exceptions.

Section
42-103ee

Application of Time Share Act and exemptions. Use of “vacation ownership” in advertisement and disclosures.

Section
42-103ff

Exempt communications.

Section
42-103gg

Recordation of time share instrument. Declaration. Licensure of sales agents. Exceptions.

Section
42-103hh

Ownership and conveyance of time share interest.

Section
42-103ii

Registration of time share plan. Presales authorization. Application fee. Developer requirements after approval by commissioner.

Section
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.

Section
42-103kk

Regulations. Penalties. Hearings. Enforcement. Compliance with other statutes. Developer registration. Fees.

Section
42-103ll

Advertisements and promotions. Prohibitions. Disclosures.

Section
42-103mm

Time share disclosure statement. Written acknowledgment of receipt.

Section
42-103nn

Exchange disclosure statement. Filing with department. Amendments. Fees.

Section
42-103oo

Duty and liability of developer.

Section
42-103pp

Cancellation of purchase contract.

Section
42-103qq

Purchase contract statements.

Section
42-103rr

Exchange company. Liability exceptions.

Section
42-103ss

Deposit of funds. Release of funds. Closing agent and developer agreement. Disputes relating to funds. Financial assurance in lieu of funds.

Section
42-103tt

Unfair trade practices. Use rights compliance. Nonmaterial error or omission.

Section
42-103uu

Insurance.

Section
42-103vv

Developer prohibitions. Penalty.

Sections
42-103w to 42-103bb

Application of chapter. Definitions. Contract; information required; right to cancel. Advertising and promotional devices. Unfair trade practices. Disclosure of information concerning prizes in advertisements and promotional materials.

Section
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.

Section
42-103xx

Treatment of assessments collected by managing entity. Disclosures. Fiduciary duty of managing entity.

Section
42-103yy

Assessments. Lien on time share interest. Foreclosure.

Section
42-103zz

Costs of delinquent assessment collection. Notice to purchaser.