§ 557B.3 — Application for registration — amendments — renewal

Iowa § 557B.3

• Jurisdiction: Iowa
• Title XIV: PROPERTY
• Ch. 557B: MEMBERSHIP CAMPGROUNDS

Text

1. Filing fees, as prescribed in section 557B.7, shall accompany the application for
registration, renewal of a registration, or any amendment of a registration of membership
camping contracts.
2. Theapplicationforregistrationshallbefiledwiththeattorneygeneralandshallinclude
all of the following:
a. The membership camping operator’s name and the address of its principal place of
business, the form, date of organization, jurisdiction of its organization, and the name and
address of each of its offices in this state.
b. A copy of the membership camping operator’s articles of incorporation, partnership
agreement, or joint venture agreement as contemplated or currently in effect.
c. The name, address, and principal occupation for the past five years of the membership
camping operator and of each controlling person of the membership camping operator and
theextentofeachsuchperson’sinterestinthemembershipcampingoperatorasofaspecified
date within thirty days prior to the filing of the application.
d. A list of affiliates of the membership camping operator, including the names and
addresses of officers and directors.
e. A legal description of each campground owned or operated by the membership
camping operator which is represented to be available for use by purchasers and a
statement identifying the existing amenities at each campground and the planned amenities
represented as to be available for use by purchasers in the future at each campground.
If future amenities are represented, the statement must include the estimated cost and
schedule for completion of those amenities.
f. Abriefdescriptionofthemembershipcampingoperator’sownershipoforotherrightto
use the campground properties or facilities represented to be available for use by purchasers,
together with a brief description of any material encumbrance, the duration of any lease,
real estate contract, license, franchise, reciprocal agreement, or other agreement entitling
the membership camping operator to use the property and any material provisions of the
agreements which restrict a purchaser’s use of the property.
g. If a blanket encumbrance materially adversely affects a campground, a legal
description of the encumbrance and a description of the steps taken to protect purchasers in
accordance with section 557B.12 in case of failure to discharge the encumbrance.
h. A brief description of all payments of a purchaser under a membership camping
contract, including initial fees and any further fees, charges, or assessments, together with
any provision for changing the payments.
i. A description of any restraints on the transfer of membership camping contracts,
including a complete description of any resale agreement or policy.
j. A brief description of the policies relating to the availability of camping sites and
whether reservations are required.
k. A brief description of any grounds for forfeiture of a purchaser’s membership camping
contract.
3 MEMBERSHIP CAMPGROUNDS, §557B.4
l. A sample copy of each membership camping contract to be offered or sold in this state
and the purchase price of each type, and if the price varies, the reason for the variance.
m. A sample copy of each instrument which a purchaser will be required to execute, and
a copy of the disclosure statement required by section 557B.8.
n. A statement of the total number of membership camping contracts for each
campground intended to be sold in this state and the method used to determine this number,
including a statement of commitment that this number will not be exceeded unless it is
disclosed by an amendment to the registration.
o. A summary or copy of the articles, bylaws, rules, restrictions, or covenants regulating
the purchaser’s use of each campground and the facilities located on each property, including
a statement of whether and how the articles, bylaws, rules, restrictions, or covenants may be
changed.
p. A brief description of any reciprocal agreement allowing purchasers to use camping
sites, facilities, or other properties owned or operated by any person other than the
membership camping operator with whom the purchaser has entered into a membership
camping contract.
q. Financial statements of the membership camping operator prepared in accordance
with generally accepted accounting principles which shall include a financial statement
for the most recent fiscal year audited by an independent certified public accountant, and
an unaudited financial statement for the most recent fiscal quarter. The attorney general
may waive the requirement for an audited statement if the statement has been prepared by
an independent certified public accountant and the attorney general is satisfied with the
reliability of the statement and with the ability of the membership camping operator to meet
future commitments.
3. The application shall be signed by the membership camping operator or an officer or a
general partner of the membership camping operator, or by another person holding a power
of attorney for this purpose from the membership camping operator. If the application is
signed pursuant to a power of attorney, a copy of the power of attorney must be included
with the application.
4. Anapplicationforregistrationshallbeamendedwithintwenty-fivedaysofanymaterial
changeintheinformationincludedintheapplication. Amaterialchangeincludesanychange
which significantly reduces or terminates either the applicant’s or the purchaser’s right to
use the campground or any of the facilities described in the membership camping contract,
but does not include minor changes covering the use of the campground, its facilities, or the
reciprocal program.
5. The registration of the membership camping operator must be renewed annually by
filing an application for renewal with the required fee not later than thirty days prior to the
anniversary of the current registration. The application shall include all changes which have
occurred in the information included in the application previously filed.
6. Registration with the attorney general does not constitute approval or endorsement by
theattorneygeneralofthemembershipcampingoperator,themembershipcampingcontract,
or the campground, and any attempt by the membership camping operator to indicate that
registration constitutes such approval or endorsement is unlawful.