ADRE LAW BOOK 2025

ages payable on account of damage or condemnation. 20. Policies and procedures on regular termination of the timeshare plan including details on what happens to a purchaser’s interest on termination. 21. Policies and procedures for collective decision making and the undertaking of action by or in the name of the association, if any, including, if applicable, representation of time share interests in an association for the common interest subdivision in which the interests are located. 22. If applicable, allocation of the costs of maintenance and operation between those ac commodations dedicated to a timeshare plan and accommodations in the same timeshare plan being used for transient accommodations. 23. Policies and procedures for entry into accommodations of the timeshare plan under au thority granted by the association for the purpose of cleaning, maid service, maintenance and repair, including emergency repairs and for the purpose of abating a nuisance or a known or suspected dangerous or unlawful activity. 32-2197.07. Examination of plan by commissioner; fees A. The commissioner shall examine any timeshare plan offered for sale or lease in this state or lo cated in this state and shall make public his findings. B. The commissioner may physically inspect any timeshare plan offered for sale or lease in this state or located in this state. C. An initial filing fee of twenty dollars per interest with a maximum fee of not more than one thou sand dollars shall accompany the notice of intention filed pursuant to section 32-2197.02. A filing fee as established by rule shall accompany the application to amend the timeshare public report required in section 32-2197.04. D. The developer of the timeshare plan shall bear the total cost of travel and subsistence expenses incurred by the department in the examination, in addition to the initial filing fee provided for in this section, on the basis of actual cost to the department. 32-2197.08. Issuance of public report and amended public report by commissioner on time share plan; denial of issuance; additional information; use of another state’s public report Amended by Ariz. Sess. Laws Ch. 52, (2024) A. On examination of a timeshare plan, the commissioner, unless there are grounds for denial, shall approve for use by the developer a public report authorizing the sale or lease of the timeshare interests within the timeshare plan. For all timeshare interests sold in this state, the commissioner shall require the developer to reproduce the public report and furnish each prospective customer with a copy, taking a receipt for each copy. The public report shall be made available to each pro spective purchaser in written format either by electronic means or in hard copy format either by electronic means or in hard copy. The public report shall include the following: 3. A description of the existing and proposed accommodations and amenities of the time share plan, including type and number, any use restrictions and any required fees for use. 4. A description of any accommodations and amenities that are committed to be built, in cluding: (a) The developer’s schedule of commencement and completion of all accommoda tions and amenities. 130 1. The name and principal address of the owner and developer. 2. A description of the type of timeshare interests being offered.