§ 2817. Prospective Purchaser Disclosure Form.
10 CA ADC § 2817Barclays Official California Code of Regulations
10 CCR § 2817
§ 2817. Prospective Purchaser Disclosure Form.
(a) To inform a prospective purchaser of an interest in a qualified resort vacation club of the requirements under Section 10260(e), the notice set forth in subdivision (b) hereof printed in not less than 12-point bold-face capital letters and numerals shall be contained in and immediately follow the face page of every subdivision permit issued for a qualified resort vacation club.
NOTICE
IF YOU DECIDE TO PURCHASE AN INTEREST IN THIS QUALIFIED RESORT VACATION CLUB YOU SHOULD BASE YOUR PURCHASE ON THE VALUE OF THE INTEREST AS A VACATION OR LEISURE TIME EXPERIENCE AND NOT AS AN APPRECIATING INVESTMENT OR ON AN EXPECTATION OF RESALE. BEFORE CONTRACTING TO PURCHASE YOU SHOULD CONSIDER THE FOLLOWING:
Credits
Note: Authority cited: Sections 10263 and 11001, Business and Professions Code. Reference: Section 10260, Business and Professions Code.
History
1. New section filed 4-1-93; operative 5-3-93 (Register 93, No. 14). For prior history, see Register 83, No. 49.
This database is current through 5/10/24 Register 2024, No. 19.
Cal. Admin. Code tit. 10, § 2817, 10 CA ADC § 2817
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