Chapter 183B

Section 51. (a) The developer shall complete all promised improvements described in the time-share instrument and promotional materials. (b) Unless the purchaser of a time-share agrees in writing to record the evidence of his ownership of the time-share, the developer or the mana…

Section 52. Any advertisement of a time-share property which includes the offer of a prize or other inducement shall prominently disclose the approximate fair market value, number of, and criteria to qualify for, each prize or inducement offered.

Section 53. (a) If a purchaser may participate in any exchange program, the developer, agent of a developer or person in the business of selling real estate for his own account shall, except as provided in subsection (b), deliver to the purchaser at the time of delivery of the pu…

Section 54. (a) A multi-location developer shall, except as provided in subsection (b), deliver to the purchaser, prior to the execution of the contract of sale the following written information which the purchaser shall certify in writing to the receipt thereof: (1) a complete a…

Section 55. (a) It shall be unlawful for any person to sell or offer to sell a time-share in the commonwealth unless the developer of the time-share property in which the time-share is located has designated a person as a project broker and said person is then serving as the proj…

Section 56. (a) In the course of offering time-share transfer services, no time-share transfer service provider shall: (i) engage in any time-share transfer services for consideration, or the expectation of receiving consideration, without first obtaining a written time-share tra…

Section 6. Every contract or duty governed by this chapter imposes an obligation of good faith in its performance or enforcement.

Section 7. (a) The remedies provided by this chapter shall be liberally administered to the end that the aggrieved party is put in as good a position as if the other party had fully performed. However, consequential, special, or punitive damages may not be awarded except as speci…

Section 8. The principles of law and equity, including the law of corporations and unincorporated associations, the law of real property and the law relative to capacity to contract, principal and agent, eminent domain, estoppel, fraud, misrepresentation, duress, coercion, mistak…

Section 9. In the event of any conflict between this chapter and chapter one hundred and eighty-three A or chapter one hundred and fifty-seven, the provisions of this chapter shall prevail, but this chapter does not invalidate or otherwise affect rights or obligations vested unde…