2013 South Carolina Code of Laws
ARTICLE 1. VACATION TIME SHARING PLANS
Title 27 - Property and Conveyances
CHAPTER 32 - VACATION TIME SHARING PLANS
- SECTION 27-32-10. Definitions.
- SECTION 27-32-20. Advertisement 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.
- SECTION 27-32-30. Materials to be kept among business records of seller of plans.
- SECTION 27-32-40. Furnishing copy of contract to purchaser; terms thereof.
- SECTION 27-32-50. Request to cancel contract.
- SECTION 27-32-55. Fees for resale of ownership interest; unfair trade practices.
- SECTION 27-32-60. Refund upon cancellation; escrow account.
- SECTION 27-32-70. Misrepresentation of right to cancel.
- SECTION 27-32-80. Transfer of seller's interest in plan or facilities to third party.
- SECTION 27-32-90. Escrow accounts; provisions; refunds; audits and examinations; disputed funds; investments and interest; record keeping; financial assurances.
- SECTION 27-32-95. Reserved by 2003, Act 84, Section 1.
- SECTION 27-32-100. Public offering statements; contents.
- SECTION 27-32-110. Prohibited practices.
- SECTION 27-32-115. Finder's fees; limitations on finder's activities.
- SECTION 27-32-120. Penalties for violation of chapter; effect on contract.
- SECTION 27-32-130. Enforcement and implementation of chapter; regulations.
- SECTION 27-32-140. Materials required to be filed with plans concerning facilities not substantially completed.
- SECTION 27-32-150. Fee for registration and renewal of vacation time sharing plans; examination of documentation pertaining to advertisement or sale; expenses for investigation and prosecution.
- SECTION 27-32-160. Grants in aid and contracts with similar agencies to further objectives.
- SECTION 27-32-170. Proceeds from sale or exchange exempt from sales tax.
- SECTION 27-32-180. Registration 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.
- SECTION 27-32-190. Registration of plans; powers of the commission.
- SECTION 27-32-200. Vacation Time Sharing Recovery Fund.
- SECTION 27-32-210. Recovery from fund; conditions.
- SECTION 27-32-220. Limitations on payments from fund.
- SECTION 27-32-230. Arbitration; automatic revocation of license; applicant receiving award to subrogate rights.
- SECTION 27-32-240. Property taxation of time share units; valuation; assessment; enforcement.
- SECTION 27-32-250. Sales or exchanges of vacation multiple ownership interests.
- SECTION 27-32-300. Short title.
- SECTION 27-32-305. Purpose.
- SECTION 27-32-310. Definitions.
- SECTION 27-32-315. Who may serve as trustee; appointment of successor trustee; notice of substitution of trustee.
- SECTION 27-32-320. Mortgage and assessment lien foreclosure statements; Resolution Trust Corporation mortgages.
- SECTION 27-32-325. Conditions for exercise of power of sale by trustee.
- SECTION 27-32-330. Notification of obligor; perfection of notice.
- SECTION 27-32-335. Contents, recording, and publication of notice of sale; right to cure default; copy to obligor; subsequent interests.
- SECTION 27-32-340. Certificate of compliance; contents; recording; reliance on lienholder for facts and circumstances of default.
- SECTION 27-32-345. Public sale procedures; certificate of sale.
- SECTION 27-32-350. Effect of sale on rights of parties; lienholder deficiency judgment; validity of sale presumed.
- SECTION 27-32-355. Trustee's deed; release of lien extinguished by sale.
- SECTION 27-32-360. Disposition of proceeds of sale; costs and fees.
- SECTION 27-32-365. Trustee's deed; contents; effect; liability of trustee.
- SECTION 27-32-370. Relation of article to other foreclosure proceedings; right of action preserved; severability; managing entity to release address of timeshare owner.
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