By Steven D. Peterson, Thomas G. Bennett and Nicole C. Evans
The Utah Senate and House have approved HB 191, which makes key changes to Utah's Timeshare and Camp Resort Act (the Act) and establishes a framework for additional updating in the future. The revisions were widely supported by the Utah Division of Real Estate (DRE), the American Resort Development Association, and timeshare industry leaders. The bill is awaiting the Governor's approval.
Highlights of the changes are:
Ballard Spahr's Real Estate Resort and Hotel Group is nationally recognized for its in-depth legal, industry, and market knowledge of vacation ownership plans and timeshare resorts. The group advises timeshare and resort clients on regulatory compliance throughout the United States. If you would like more information about this statute and its application to you or have any other questions about compliance with timeshare laws, please contact Practice Leader Steven D. Peterson at 801.531.3023 or email@example.com; Thomas G. Bennett at 801.531.3060 or firstname.lastname@example.org; or Nicole C. Evans at 801.531.3058 or email@example.com.
(Note: This legal alert highlights only select changes to the Timeshare and Camp Resort Act of Utah, Title 57, chapter 19. Bill 191 also revises the Utah Mortgage Practices and Licensing Act, the Appraisal Management Company Registration and Regulation Act, the Real Estate Licensing and Practices Act, and the Real Estate Appraiser Licensing and Certification Act. If you are subject to those laws, please contact us for more information.)
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