(1)  Registration of a development is effective for a period of one year and may, upon application, be renewed for successive periods of one year each.

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Terms Used In Utah Code 57-19-9

  • Developer: means a person that:
(a) establishes, owns, offers, sells, or operates a timeshare development or camp resort; or
(b) engages one or more other persons to establish, own, offer, sell, or operate a timeshare development or camp resort on the person's behalf. See Utah Code 57-19-2
  • Development: includes :
    (i) a single-site development; or
    (ii) a multiple-site development. See Utah Code 57-19-2
  • Director: means the director of the division. See Utah Code 57-19-2
  • Property report: means the form of a written disclosure described in Section 57-19-11. See Utah Code 57-19-2
  • Registration: means :
    (a) for a development, an approved application for registration described in Section 57-19-5; or
    (b) for a salesperson, an approved application for registration described in Section 57-19-15. See Utah Code 57-19-2
    (2) 

    (a)  A registration may be amended at any time, for any reason, by filing an amended application for registration.

    (b)  The amended registration shall become effective in accordance with Section 57-19-6.

    (3) 

    (a)  The developer shall supplement the property report as often as is necessary to keep the required information reasonably current.

    (b)  The supplements described in Subsection (3)(a) shall be filed with the director in accordance with Section 57-19-8.

    (4) 

    (a)  A developer shall provide timely notice to the director of any event that occurs that could result in a material adverse effect on the conduct of the operation of the development.

    (b)  In addition to the notification described in Subsection (4)(a), the developer shall, within 30 days after the day on which an event described in Subsection (4)(a) occurs, file an amendment to the registration disclosing the information previously provided.

    (5)  Each application for renewal of a registration and each supplementary filing described in this section shall be accompanied by a fee of $200.

    Amended by Chapter 255, 2016 General Session

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