SB 229
Various transaction matters.
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- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
Provides that certain conditions must be met before a person may sign a sales contract to purchase an interest in a time share unit. Provides that a purchaser has the right to cancel a camping club membership or time share purchase within 14 days after the execution of the sales contract, excluding Sundays and legal holidays (current law is 72 hours). Prohibits a notary public from performing a notarial act for a transaction when the notary public is an: (1) interest holder; or (2) officer, director, manager, or other agent; of a party to the transaction.
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