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2018 Georgia Code 44-3-187 | Car Wreck Lawyer

Link to State of Georgia Official Statute 2018 Georgia Code Annotated (sourced from legal.resource.org)
O.C.G.A. 44-3-187 Case Law from Google Scholar Amendments to OCGA 44-3-187

TITLE 44 PROPERTY

Section 3. Regulation of Specialized Land Transactions, 44-3-1 through 44-3-250.

ARTICLE 5 TIME-SHARE PROJECTS AND PROGRAMS

44-3-187. Offer of gifts or prizes.

Any person who offers a gift, prize, award, or other item, or any other promotional contest or giveaway in connection with the sale or offer to sell of time-share intervals under this article must comply with all of the provisions of paragraph (16) of subsection (b) of Code Section 10-1-393, relating to promotional contests and giveaways in general.

(Code 1981, §44-3-188, enacted by Ga. L. 1983, p. 1255, § 1; Ga. L. 1986, p. 1313, § 5; Ga. L. 1987, p. 3, § 44; Ga. L. 1987, p. 1386, § 4; Ga. L. 1988, p. 13, § 44; Code 1981, §44-3-187, as redesignated by Ga. L. 1995, p. 1260, § 1.)

Code Commission notes.

- The amendment of this Code section by Ga. L. 1987, p. 3, § 44, irreconcilably conflicted with and was treated as superseded by Ga. L. 1987, p. 1386, § 4. See County of Butts v. Strahan, 151 Ga. 417 (1921); Keener v. McDougall, 232 Ga. 273 (1974)

Editor's notes.

- Ga. L. 1995, p. 1260, § 1, renumbered former Code Section 44-3-187 as present Code Section 44-3-186.

PART 5 F INANCING BY DEVELOPER

44-3-188. Developer's financial records; availability; periodic reports; transfer of developer's interest subject to debts.

In the developer's financing of a time-share program, the developer shall retain financial records of the schedule of payments required to be made and the payments made to any person or entity which is the holder of an underlying blanket mortgage, deed of trust, contract of sale, or other lien or encumbrance which is not subordinated to the time-share program and shall make the same available upon reasonable request to owners of time-share intervals in the time-share program and the time-share program's association. The time-share program's association, in its discretion, may require the developer to submit periodic, written reports from the mortgagee, lienholder, or other creditor of the status of payments made on any underlying blanket mortgage, deed of trust, contract of sale, or other lien or encumbrance which is not subordinated in the time-share program. Any transfer of the developer's interest in the time-share program to any third person shall be subject to the obligations of the developer.

(Code 1981, §44-3-189, enacted by Ga. L. 1983, p. 1255, § 1; Code 1981, §44-3-188, as redesignated by Ga. L. 1995, p. 1260, § 1.)

Editor's notes.

- Ga. L. 1995, p. 1260, § 1, renumbered former Code Section 44-3-188 as present Code Section 44-3-187.

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