Title 44, Chapter 3, Section 186
( 44-3-186)
No advertising for the sale or offer for sale of time-share
intervals shall: (1) Contain any representation as to the availability of a resale
program or rental program offered by or on behalf of the developer
or its affiliate unless the resale program or rental program has
been made a part of the offering; (2) Contain an offer or inducement to purchase which purports to
be limited as to quantity or restricted as to time unless the
numerical quantity or time applicable to the offer or inducement
is clearly and conspicuously disclosed; (3) Contain statements concerning the availability of time-share
intervals at a particular minimum price if the number of
time-share intervals available at that price comprises less than
10 percent of the unsold inventory of the developer, unless the
number of time-share intervals then for sale at the minimum price
is set forth in the advertisement; (4) Contain any statement that the time-share interval being
offered for sale can be further divided unless a full disclosure
is included as the legal requirements for further division of the
time-share interval; (5) Contain any asterisk or other reference symbol as a means of
contradicting or changing the ordinary meaning of any previously
made statement in the advertisement in such a manner as to mislead
the public; (6) Misrepresent the size, nature, extent, qualities, or
characteristics of the accommodations or facilities which comprise
the time-share project; (7) Misrepresent the nature or extent of any services incident to
the time-share project; (8) Misrepresent or imply that a facility or service is available
for the exclusive use of purchasers or owners if a public right of
access or of use of the facility or service exists; (9) Make any misleading or deceptive representation with respect
to the registration of the time-share project, the sales
agreement, the purchaser's rights, privileges, benefits, or
obligations under the sales agreement or this article; (10) Misrepresent the conditions under which a purchaser or owner
may participate in an exchange program; (11) Purport to have resulted through a referral unless the name
of the person making the referral can be produced upon demand of
any prospective purchaser or the time-share program's association; (12) Describe any proposed or uncompleted private facilities over
which the developer has no control or documented right of use
unless the estimated date of completion is set forth and evidence
can be produced upon the demand of any prospective purchaser or
the time-share program's association that the completion and
operation of the facilities are reasonably assured within the time
represented in the advertisement or that no assurances of
completion are provided; (13) Contain any statement that the developer plans to affiliate
with an exchange program; (14) Represent that any federal, state, county, or municipal
agency, board, or commission has recommended the time-share
project or any of its documents; or (15) Contain any statement guaranteeing or offering to guarantee
the sale or resale of any time-share interval. |