{"data":{"id":"us-ga/o.c.g.a.-44-3-182","jurisdiction":"us-ga","citation":"O.C.G.A. § 44-3-182","heading":"Financial and other records of time-share project association or managing agent.","body":"The person or entity responsible for making or collecting common expense assessments or maintenance assessments shall keep detailed financial records and shall keep said funds in a designated trust account. All financial and other records shall be made reasonably available for examination by any time-share interval owner in the program, by the time-share program’s association, or by the authorized agent of such owner or association upon reasonable request.\n(1) The developer of a time-share program shall maintain the following records for a period of three years. Said records shall be made available for inspection by any time-share interval owner in the program, by the time-share program’s association, or by the authorized agent of such owner or association upon reasonable request:\n(A) A copy of the escrow agreement for each time-share interval sold or, if alternative arrangements are made, a copy of the documents relating to those arrangements;\n(B) Copies of lien releases, surety bonds, or other financial assurances executed by the developer to protect purchasers against any claims against the time-share program;\n(C) Copies of management agreements entered into with managing agents for the management of the time-share program;\n(D) Copies of agreements entered into with exchange programs for the inclusion of the time-share project in the exchange program’s available facilities; and\n(E) For multilocation developers, copies of certified public accountants’ reports required by subparagraph (a)(3)(F) of Code Section 44-3-172.\n(2) The managing agent of a time-share program shall maintain the following records for a period of three years. Said records shall be made available for inspection by any time-share interval owner in the program, by the time-share program’s association, or by the authorized agent of such owner or association upon reasonable request:\n(A) Copies of management agreements entered into with developers for the management of time-share programs; and\n(B) Copies of budgets and statements sent to developers and time-share interval owners accounting for common expense and maintenance assessments.\n(3) Exchange programs shall maintain the following records for a period of three years. Said records shall be made available for inspection by any time-share interval owner in the program, by the time-share program’s association, or by the authorized agent of such owner or association upon reasonable request:\n(A) Copies of agreements with developers for the inclusion of their projects in the exchange program’s available facilities;\n(B) Copies of agreements with time-share interval owners for their membership in the exchange program; and\n(C) Copies of certified public accountants’ reports as required by subparagraph (a)(2)(Q) of Code Section 44-3-172.","path":["TITLE 44 Property","CHAPTER 3 Regulation of Specialized Land Transactions","Article 5 Time-Share Projects and Programs","PART 3 Developers and Exchange Companies"],"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":"d271b14c65e7129fc5858c7c3642a67bdc23b53cb1ceacd69788c378fa565a2b","source_id":"us-ga","stale":false,"prev":"us-ga/o.c.g.a.-44-3-181","next":"us-ga/o.c.g.a.-44-3-183"},"notice":"GroundRules: Original legal text. Not legal advice."}