Posts by Barry Caplan

ed in the timeshare plan shall be categorized by the number of bedrooms, the number of bathrooms, and sleeping capacity, and shall include a statement indicating whether the accommodation contains a full kitchen, which means a kitchen that has a minimum of a dishwasher, range, sink, oven, and refrigerator. If the accommodations are proposed or [...]

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(23)A statement disclosing any right of first refusal or other restraint on the transfer of all or any portion of a timeshare interest; (24)A statement disclosing that any deposit made in connection with the purchase of a timeshare interest shall be held by an escrow agent until expiration of any right to cancel the contract [...]

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of each type of accommodation included in the timeshare plan shall be categorized by the number of bedrooms, the number of bathrooms, and sleeping capacity, and shall include a statement indicating whether the accommodation contains a full kitchen, which means a kitchen that has a minimum of a dishwasher, range, sink, oven, and refrigerator. If [...]

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(22)A description of the purchaser’s liability for any fees associated with the multi-site timeshare plan; (23)A description of any lien, defect, or encumbrance on or affecting title to the timeshare interest and, if applicable, a copy of each written warranty provided by the developer; (24)The extent to which a timeshare interest may become subject to [...]

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45:15-16.61. Issuance of notice of filing of registration Upon receipt of a substantially complete application for registration, in proper form and accompanied by the appropriate filing fees, the commission shall, within 10 business days of receipt of the registration, issue a notice of filing. The notice shall not be construed as an approval of the [...]

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(1)Management and maintenance of all accommodations constituting the timeshare plan; (2)Collection of all assessments as provided in the timeshare instrument; (3)Providing to all purchasers each year an itemized annual budget, which shall include all estimated revenues and expenses; (4)Maintenance of all books and records concerning the timeshare plan; (5)Scheduling occupancy of accommodations, when purchasers are [...]

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a fiduciary to the purchasers, provided that the developer has transferred control of that entity to the purchasers or does not exercise its voting rights in that entity with respect to the subject accommodations or amenities. Prior to the transfer, any lien or other encumbrance against the accommodation or facility shall be made subject to [...]

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d. If a person represents that a premium or benefit will be awarded in connection with a promotion, the premium or benefit shall be awarded or conferred in the manner represented, and on or before the date represented for awarding or conferring the premium or benefit. L. 2006, c. 63, § 21, eff. Oct. 31, [...]

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p.A registrant’s, or its agent’s or broker’s, failure to account for or remit any escrow funds coming into his possession which belonged to others. q.A registrant’s, or its agent’s or broker’s, failure to make available to commission personnel during normal business hours all escrow records and related documents maintained in connection therewith, within a reasonable [...]

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rights, duties, or responsibilities of the developer or timeshare plan as set forth in this act. L. 2006, c. 63, § 28, cif. Oct. 31, 2006. 45:15-16.78. Application for registration deemed submission to jurisdiction of courts a. For purposes of this act, an application for registration submitted to the commission shall be deemed a submission, [...]

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