2024 South Carolina Code of Laws
Title 27 - Property and Conveyances
Chapter 32 - Vacation Time Sharing Plans

Editor's Note

2000 Act No. 262, Section 2, provides as follows:

"Sections 27-32-10 through 27-32-250 of the 1976 Code are designated as Article 1 of Chapter 32, Title 27, and entitled '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. Vacation time sharing resale services; written contract; and other requirements.
• 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.

• Section 27-32-400. Citation of article.
• Section 27-32-405. Purpose.
• Section 27-32-410. Timeshare closing; time; representation; notice to purchaser; contents.

• Section 27-32-500. Short title.
• Section 27-32-505. Purposes of article.
• Section 27-32-510. Extension of vacation time sharing plan terms; voting; quorum; proxy.
• Section 27-32-520. Termination of vacation time sharing plan terms; effective date of termination; corporate status of vacation time sharing association; termination trustee; quorum; proxy.
• Section 27-32-530. Application of article.