Mississippi Administrative Code
Title 30 - Professions and Occupations
Part 1601 - Mississippi Real Estate Commission
Chapter 8 - Time Shares
Rule 30-1601-8.11 - Advertising and Marketing
Universal Citation: MS Code of Rules 30-1601-8.11
Current through September 24, 2024
A. No advertising shall:
(1) Misrepresent a fact or create a
false or misleading impression regarding the timeshare plan.
(2) Make a prediction of increases in the
price or value of timeshare periods.
(3) Contain any contradictory
statements.
(4) Describe any
improvements to the timeshare plan that will not be built or that are described
as completed when not completed.
B. No promotional device, sweepstakes, lodging certificate, gift award, premium, discount, drawing, prize or display in connection with an offer to sell a timeshare interest may be utilized without the applicable disclosure as follows:
(1) That the promotional device is being used
for the purposes of soliciting sales of timeshare periods;
(2) Of the name and address of each timeshare
plan or business entity participating in the program;
(3) Of the date and year when all prizes are
to be awarded;
(4) Of the method by
which all prizes are to be awarded;
(5) If applicable, a statement that it is a
national program with multiple sponsors and the gifts offered are not limited
solely to customers of said development, but apply also to other
developments.
C. The following are not considered to be advertising materials:
(1) Any stockholder communication, financial
report, prospectus or other material required to be delivered to owners,
prospective purchasers or other persons by an agency of any state or the
federal government;
(2) Any
communication addressed to and relating to the account of any person who has
previously executed a contract for the purchase of a timeshare interest in a
timeshare plan to which the communication relates;
(3) Any oral or written statement
disseminated to the broadcast, print or other news media, other than paid
advertising, regarding plans for the acquisition or development of timeshare
property. However, any redistribution of such oral or written statements to a
prospective purchaser in any manner would constitute an
advertisement;
(4) Any publication
or material relating to the promotion of accommodations for transient rental,
so long as a mandatory tour of a timeshare plan or attendance at a mandatory
sales presentation is not a term or condition of the availability of such
accommodations, so long as the failure of the transient renter to take a tour
of a timeshare plan or attend a sales presentation does not result in the
transient renter receiving less than what was promised in such
materials;
(5) Any audio, written
or visual publication or material relating to an exchange company or exchange
program providing to an existing member of that exchange company or exchange
program.
Miss. Code Ann. §§ 73-35-35
Disclaimer: These regulations may not be the most recent version. Mississippi may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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