Sections
7 entriesSection 11250Allows a time-share plan to be created in any accommodation unless otherwise prohibited, but requires a one-to-one ratio between purchasers eligible to…Section 11251Requires developers of California single-site time-share plans and in-state components of multisite plans to record covenants before the first sale in each…Section 11252Prohibits a developer from encumbering accommodations in a time-share use plan in a way that materially and adversely affects purchasers' use rights…Section 11253Requires specified California time-share plans to maintain property insurance of at least 80 percent of full replacement value and liability insurance of…Section 11254Requires a time-share developer to convey specified accommodation and appurtenant property to the association or corporate trustee before escrow closes on the…Section 11255Requires covered time-share accommodations be conveyed to a trustee or association before first qualifying sale closes and sets trust deposits at 150…Section 11256Requires a time-share developer to refund purchase money within 15 days after a missed contractual or agreed closing date, subject to stated…