Attorney general requirements
Sec. 8. The attorney general may require:
(1) that a developer file a performance bond with the division;
or
(2) that all or part of the money collected from the consumer as
part of a purchase of a time share instrument or camping club
membership, including closing costs and exchange company
membership fees, be placed and held in escrow until the
particular time share unit or camping site to which the time
share or camping club membership relates is substantially
completed and ready for occupancy.
As added by P.L.2-2002, SEC.17.
Last modified: May 24, 2006