§ 18-14-205 — Material changes

(a) A developer shall amend or supplement its registration to report a material change in the information required by § 18-14-204 . (b) (1) If there is a material change in a registration document, the developer shall file an amendment with the Arkansas Real Estate Commission to report the material change no later than forty-five (45) days after the developer knows or reasonably should have known of the change. (2) The developer may continue to offer and dispose of time-share interests under the existing registration pending review of the amendments by the commission if the developer discloses the material change to prospective purchasers. (3) The commission may charge a fee not to exceed three hundred dollars ($300) to process an amendment.

Legislative History

Amended by Act 2013, No. 710,§ 2, eff. 8/16/2013. Acts 1983, No. 294, Art. 4, § 4-106; A.S.A. 1947, § 50-1330.