Source: http://www.lawserver.com/law/state/south-carolina/sc-code/south_carolina_code_title_27_chapter_32
Timestamp: 2013-05-19 09:18:09
Document Index: 345565741

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South Carolina Code > Title 27 > Chapter 32 - Vacation Time Sharing Plans :: Lawserver LawServer - Laws, Legal Information and Lawyers
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South Carolina Code > Title 27 > Chapter 32 - Vacation Time Sharing Plans South Carolina Code > Title 27 > Chapter 32 - Vacation Time Sharing PlansCurrent as of: 2009Check for updates§ 27-32-10Definitions§ 27-32-20Advertisement 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; exem§ 27-32-30Materials to be kept among business records of seller of plans§ 27-32-40Furnishing copy of contract to purchaser; terms thereof§ 27-32-50Request to cancel contract§ 27-32-55Fees for resale of ownership interest; unfair trade practices§ 27-32-60Refund upon cancellation; escrow account§ 27-32-70Misrepresentation of right to cancel§ 27-32-80Transfer of seller's interest in plan or facilities to third party§ 27-32-90Escrow accounts; provisions; refunds; audits and examinations; disputed funds; investments and interest; record keeping; financial assurances§ 27-32-95Reserved by 2003, Act 84, Section 1§ 27-32-100Public offering statements; contents§ 27-32-110Prohibited practices§ 27-32-115Finder's fees; limitations on finder's activities§ 27-32-120Penalties for violation of chapter; effect on contract§ 27-32-130Enforcement and implementation of chapter; regulations§ 27-32-140Materials required to be filed with plans concerning facilities not substantially completed§ 27-32-150Fee for registration and renewal of vacation time sharing plans; examination of documentation pertaining to advertisement or sale; expenses for investigation and prosecution§ 27-32-160Grants in aid and contracts with similar agencies to further objectives§ 27-32-170Proceeds from sale or exchange exempt from sales tax§ 27-32-180Registration 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 cont§ 27-32-190Registration of plans; powers of the commission§ 27-32-200Vacation Time Sharing Recovery Fund§ 27-32-210Recovery from fund; conditions§ 27-32-220Limitations on payments from fund§ 27-32-230Arbitration; automatic revocation of license; applicant receiving award to subrogate rights§ 27-32-240Property taxation of time share units; valuation; assessment; enforcement§ 27-32-250Sales or exchanges of vacation multiple ownership interests§ 27-32-300Short title§ 27-32-305Purpose§ 27-32-310Definitions§ 27-32-315Who may serve as trustee; appointment of successor trustee; notice of substitution of trustee§ 27-32-320Mortgage and assessment lien foreclosure statements; Resolution Trust Corporation mortgages§ 27-32-325Conditions for exercise of power of sale by trustee§ 27-32-330Notification of obligor; perfection of notice§ 27-32-335Contents, recording, and publication of notice of sale; right to cure default; copy to obligor; subsequent interests§ 27-32-340Certificate of compliance; contents; recording; reliance on lienholder for facts and circumstances of default§ 27-32-345Public sale procedures; certificate of sale§ 27-32-350Effect of sale on rights of parties; lienholder deficiency judgment; validity of sale presumed§ 27-32-355Trustee's deed; release of lien extinguished by sale§ 27-32-360Disposition of proceeds of sale; costs and fees§ 27-32-365Trustee's deed; contents; effect; liability of trustee§ 27-32-370Relation of article to other foreclosure proceedings; right of action preserved; severability; managing entity to release address of timeshare owner§ 27-32-400Citation of article§ 27-32-405Purpose§ 27-32-410Timeshare closing; time; representation; notice to purchaser; contents________________________________________________________________________