(765 ILCS 101/1-10)
Sec. 1-10. Scope of Act.
(a) This Act applies to all of the following:
(1) Timeshare plans with an accommodation or
component site in Illinois.
(2) Timeshare plans without an accommodation or
component site in Illinois, if those timeshare plans are sold or offered to be sold to any individual located within Illinois.
(3) Exchange programs as defined in this Act.
(4) Resale agents as defined in this Act.
(b) Exemptions. This Act does not apply to the following:
(1) Timeshare plans, whether or not an accommodation
is located in Illinois, consisting of 7 or fewer timeshare periods, the use of which extends over any period of less than 3 years; or
(2) Timeshare plans, whether or not an accommodation
is located in Illinois, under which the prospective purchaser's total financial obligation will be less than $1,500 during the entire term of the timeshare plan.
(Source: P.A. 96-738, eff. 8-25-09.)
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Last modified: February 18, 2015