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TITLE 68: PROFESSIONS AND OCCUPATIONS
CHAPTER VII: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION SUBCHAPTER b: PROFESSIONS AND OCCUPATIONS PART 1451 REAL ESTATE TIMESHARE ACT OF 1999 SECTION 1451.100 AMENDMENT OF REGISTRATION
Section 1451.100 Amendment of Registration
The developer shall amend or supplement its registration to report any material change in the information required by the Act. The amendment or supplementation shall be made within 30 days after the occurrence of the material change. "Material change" means any change that alters the meaning or effect of an instrument or information, or any change that affects the rights or liabilities of any timeshare owner or any potential timeshare purchaser. The amendment shall be on a form approved by the Department and shall include an amendment fee as set forth in Section 1451.95(c).
(Source: Amended at 35 Ill. Reg. 15044, effective September 9, 2011) |