California CodesBusiness and Professions Code - BPCDivision 4 — Real EstatePart 2 — Regulation of TransactionsChapter 2 — The Vacation Ownership and Time-Share Act of 2004Article 2 — Registration, Sale Requirements, and FeesSection 11228
The term of a final public report shall be limited to five years. A renewal shall be issued if the developer, owner, or agent makes application for renewal of any report and has submitted the additional information that the commissioner may require.
Notes
Limits a final time-share public report to a five-year term. Requires issuance of a renewal when the developer, owner, or agent applies for renewal and supplies any additional information the commissioner requires, making timely application and requested supplemental information the stated conditions for continuing the report beyond its original five-year period.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 11228 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-4/part-2/chapter-2/article-2/section-11228