{"data":{"id":"us-ga/o.c.g.a.-44-3-161","jurisdiction":"us-ga","citation":"O.C.G.A. § 44-3-161","heading":"Purpose of article.","body":"The purposes of this article are to:\n(1) Give statutory recognition to real property timesharing in this state;\n(2) Regulate developers of time-share estate and time-share use projects located in this state and outside this state when offered for sale in this state;\n(3) Require that developers of time-share projects:\n(A) Make certain disclosures to purchasers and prospective purchasers through the use of a public offering statement;\n(B) Deposit trust funds with an escrow agent;\n(C) Utilize only licensed real estate brokers as sales agents if required by Chapter 40 of Title 43; and\n(D) Comply with promotional advertising standards;\n(4) Establish operating standards for time-share project managing agents and exchange programs operating in this state; and\n(5) Provide for sanctions for violations of any provisions of this article which will permit:\n(A) Courts of competent jurisdiction to impose fines or imprisonment for misdemeanors and felonies; and\n(B) A claim for appropriate relief by any person adversely affected.","path":["TITLE 44 Property","CHAPTER 3 Regulation of Specialized Land Transactions","Article 5 Time-Share Projects and Programs","PART 1 General Provisions"],"source_url":"https://archive.org/download/gov.ga.ocga.2018/release86.2022.11/gov.ga.ocga.title.44.odt","current_through":"Release 86 (2022-11)","vintage":"Public.Resource.Org bulk O.C.G.A., Release 86 (2022-11), retrieved 2026-09-17","retrieved_at":"2026-09-17T19:34:57Z","sha256":"7f54b62427b9e097c78011ad5a8eddd56301839635b5a04bdb568c9f41a52c9e","source_id":"us-ga","stale":false,"prev":"us-ga/o.c.g.a.-44-3-160","next":"us-ga/o.c.g.a.-44-3-162"},"notice":"GroundRules: Original legal text. Not legal advice."}