California Code of Regulations
Title 10 - Investment
Chapter 6 - Real Estate Commissioner
Article 12.2 - Time-Share Project
Section 2805.9 - Reservation Rights

Universal Citation: 10 CA Code of Regs 2805.9

Current through Register 2024 Notice Reg. No. 38, September 20, 2024

(a) The term "the right to use accommodations at a specific time-share property" used in Section 11212(z)(2)(A) means a priority right of not less than sixty days to reserve accommodations at that specific time-share property without competing with owners of time-share interests at other time-share properties that are part of the multi-site time-share plan.

(b) The term "use rights in accommodations at one or more other component sites" as used in Section 11212(z)(2)(A) means the right, on a non-priority basis, to reserve accommodations in component sites of the multi-site time-share plan.

1. New section filed 5-5-2005; operative 7-1-2005 (Register 2005, No. 18).

Note: Authority cited: Section 11281, Business and Professions Code. Reference: Section 11212, Business and Professions Code.

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