New Timeshare Administrative Rules
| Rule Number | Rule Sub-Heading | Effective Date |
| R162-57a-5 | The notification requirement is modified so that the filing of a civil lawsuit no longer triggers a notice requirement. Rather, the notice requirement is triggered by a finding of fraud, misrepresentation, or deceit in a judicial or administrative proceeding instituted by a purchaser and arising out of or relating to the advertising or sale of an interest, disclosure requirements; or rescission rights. New language requires a developer to amend a project registration upon a court's certifying a class in a class-action lawsuit against the developer. | August 21, 2012 |
| R162-57a-11 | The disclosure requirement is modified so that a developer is not required to provide the complete property report to a prospective purchaser at the beginning of a direct sales presentation. At that point, the developer would be required to provide notice of the right to rescind; the full property report may then be provided at any time prior to the purchaser's signing a sale contract. | August 21, 2012 |
| R162-37a-13 | The requirement to re-disclose the rescission right is modified. Rather than requiring redisclosure in any circumstance where the developer is contacted by a purchaser during the rescission period, the requirement applies only where the developer is contacted during an applicable rescission period by a purchaser who expresses a desire to terminate the contract. | August 21, 2012 |
Rule amendments that are out for public comment and may be viewed at: http://www.rules.utah.gov/publicat/bulletin.htm.