SOUTH CAROLINA GENERAL ASSEMBLY 115TH SESSION 20032004 H 3729

0 SPATIAL PLANNING TEAM SOUTH GLOUCESTERSHIRE COUNCIL
7 SOUTH AUSTRALIAN MULTICULTURAL AND ETHNIC AFFAIRS
APPLICATION FORM FOR MEMBERSHIP OF INNER SOUTH FAMILY

BHARAT PETROLEUM CORPORATION LTD MATERIALS DEPARTMENT SOUTHERN REGIONAL
CHANGE AND DISADVANTAGE IN THE BARWON SOUTH WEST
LAMBETH AND SOUTHWARK COMMUNITY FOOT HEALTH SERVICES REFERRAL

2003-2004 Bill 3729: Vacation timeshare units; fees charged for the resale or ownership - South Carolina Legislature Online

South Carolina General Assembly

115th Session, 2003-2004


H. 3729


STATUS INFORMATION


General Bill

Sponsors: Rep. Snow

Document Path: l:\council\bills\gjk\20257sd03.doc


Introduced in the House on March 5, 2003

Currently residing in the House Committee on Labor, Commerce and Industry


Summary: Vacation timeshare units; fees charged for the resale or ownership



HISTORY OF LEGISLATIVE ACTIONS


Date Body Action Description with journal page number

3/5/2003 House Introduced and read first time HJ‑11

3/5/2003 House Referred to Committee on Labor, Commerce and Industry HJ‑11



VERSIONS OF THIS BILL


3/5/2003










A BILL


TO AMEND SECTION 27-32-55, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE FEES WHICH MAY BE CHARGED FOR THE RESALE OF OWNERSHIP INTERESTS IN VACATION TIMESHARING UNITS, SO AS TO FURTHER PROVIDE FOR THESE FEES WHICH MAY BE CHARGED.


Be it enacted by the General Assembly of the State of South Carolina:


SECTION 1. Section 27-32-55 of the 1976 Code, as added by Act 35 of 2001, is amended to read:


“Section 27-32-55. No owner of an interest in a vacation timesharing unit as such the term is defined in Section 27‑32‑10(10) may be charged an up‑front appraisal fee for the resale of his ownership interest but instead may only be charged an up‑front marketing fee or and also a commission upon the resale of the unit in an amount stipulated by written agreement between the owner and his sales agent.

Any person violating the provisions of this section is deemed to have committed an unfair trade practice under Section 39‑5‑20 and is subject to all penalties and remedies provided by law for this violation.”


SECTION 2. This act takes effect upon approval by the Governor.

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