16 chapters · 1,114 sections in this title.
O.C.G.A. § 44-3-173 Annual reports filed by exchange companies and multilocation developers
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(a) An exchange company whose exchange program is offered to purchasers in connection with the offer or disposition of time-share intervals in this state shall, on or before July 1 of each year, file with the secretary of the association for the time-share program in which the ti…
O.C.G.A. § 44-3-174 Public offering statement provided to purchasers; cancellation of sales agreement by purchaser or developer; statement acknowledging receipt
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(a) Before transfer of a time-share interval and no later than the date of any sales agreement, the developer shall provide the intended transferee with a copy of the public offering statement and any amendments and supplements thereto. The sales agreement is voidable by the purc…
O.C.G.A. § 44-3-175 Funds required to be escrowed by developer; exceptions; escrow agents
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(a) A developer of a time-share program shall: (1) Deposit with an escrow agent 100 percent of all funds which are received during the seven-day cancellation period provided for in this article. The deposit of such funds shall be evidenced by an executed escrow agreement between …
O.C.G.A. § 44-3-176 Payments received by developer on uncompleted projects to be escrowed
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(a) If a developer enters into a sales agreement to sell a time-share interval and the construction, furnishing, and landscaping of the time-share project have not been substantially completed in accordance with the representations made by the developer in the disclosures require…