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Vacation Time-Sharing Plans

  • Ala. Code § 34-27-50— Definitions.
  • Ala. Code § 34-27-51— Acts Constituting Violation of Article - Sell, Etc.; Without License; Failure to Provide Certain Documents at Time of Registration; Failure to Follow Rules of Advertising.
  • Ala. Code § 34-27-52— Acts Constituting Violation of Article - Failure to Keep Certain Items Among Business Records.
  • Ala. Code § 34-27-53— Acts Constituting Violation of Article - Failure to Utilize, Etc., Fully Completed Copy of Contract.
  • Ala. Code § 34-27-54— Acts Constituting Violation of Article - Failure, Etc., to Honor Buyer’s Request to Cancel Contract.
  • Ala. Code § 34-27-55— Acts Constituting Violation of Article - Failure to Refund All Payments; Failure to Place All Funds in Escrow Account.
  • Ala. Code § 34-27-56— Acts Constituting Violation of Article - Misrepresentation.
  • Ala. Code § 34-27-57— Acts Constituting Violation of Article - Sell, Etc., Interest in Plan to Third Person That Substantially Affects Rights of Other Owners.
  • Ala. Code § 34-27-58— Acts Constituting Violation of Article - Failure to Place 50 Percent of Cash, Etc., Received in Escrow; Failure to Provide Liability Insurance, Etc.
  • Ala. Code § 34-27-59— Acts Constituting Violation of Article - Failure to Disclose Total Financial Obligation, Etc., in Contract.
  • Ala. Code § 34-27-60— Acts Constituting Violation of Article - Misrepresentation; Waiver of Rights of Purchasers; Sale, Etc., Without License; Bad Checks.
  • Ala. Code § 34-27-61— Hearing; Refusal, Suspension, or Revocation of License; Willful Violation Defined; Escrow Deficiency.
  • Ala. Code § 34-27-62— Enforcement and Implementation of Article; Acts Constituting Misdemeanors; Voidability of Sales of Unregistered Plans, Etc.
  • Ala. Code § 34-27-63— Filing of Plan Relating to Units Not Substantially Completed Requires Filing of Additional Documents.
  • Ala. Code § 34-27-64— Registration Fees; Assessment of Costs of Investigating Violation of Article.
  • Ala. Code § 34-27-65— Proceeds from Sale, Etc., of Lease Plan Exempt from Transient Occupancy Tax.
  • Ala. Code § 34-27-66— Examination and License Requirements; Issuance and Renewal of License; Inactive Status; Change of Address.
  • Ala. Code § 34-27-67— Registration Required of Every Plan Offered for Sale.
  • Ala. Code § 34-27-68— Commission May Seek Injunctive Relief, Etc., for Violation of Article; Investigation; Revocation of Registration.
  • Ala. Code § 34-27-69— Surety Bond; Suspension, Etc., of License for Violation of Article; Reinstatement; Relicensure; Board Must Be Notified of Initiation, Etc., of Legal Action.