Arkansas Code Title 18, Subtitle 2, Chapter 14, Subchapter 4 - Protection of Purchasers

• § 18-14-401 - Penalties.
  A developer or any other person subject to this chapter that offers or disposes of a time-share interest without complying with this chapter or...
• § 18-14-402 - Civil Remedies.
  (a) (1) If a developer or any other person subject to this chapter violates this chapter or a project instrument, a person or class...
• § 18-14-403 - Statute of Limitations.
  (a) A judicial proceeding in which the accuracy of the public offering statement or validity of a contract of purchase is in issue and...
• § 18-14-404 - Required Contents of Public Offering Statements for Time-Share Interests.
  (a) A public offering statement shall be provided to each purchaser of a time-share interest and may be delivered by hard copy or electronically,...
• § 18-14-405 - Material Changes.
  (a) The developer shall amend or supplement the public offering statement to report any material change in the information required by § 18-14-404.(b) The...
• § 18-14-406 - Other Statutes Not Applicable.
  (a) A time-share plan in which a public offering statement is prepared under this chapter does not require registration under any of the following:...
• § 18-14-407 - Escrow Accounts -- Other Financial Assurances.
  (a) Any deposit made with the purchase or reservation of a time-share interest from a developer shall be placed in a noninterest-bearing escrow account...
• § 18-14-408 - Guarantees for Completion of Time-Share Properties.
  (a) (1) If a developer contracts to sell a time-share interest and the construction, furnishings, and landscaping of the time-share property have not been...
• § 18-14-409 - Mutual Rights of Cancellation.
  (a) (1) Before transfer of a time-share interest and no later than the date of the sales contract, the developer shall provide the intended...
• § 18-14-410 - Liens.
  (a) (1) Before a transfer of a time-share interest, the developer shall record or furnish to the purchaser releases of all liens affecting that...
• § 18-14-411 - Financial Records -- Examination.
  (a) The person or entity responsible for making or collecting common expense assessments or maintenance assessments shall keep detailed financial records.(b) All financial and...

Last modified: November 15, 2016