557A.18 Financing of time-share programs. In the financing of a time-share program, the developer shall retain financial records of the schedule of payments required to be made and the payments made to any person or entitywhich is the holder of an underlying blanket mortgage, deed of trust, contract of sale, or otherlien or encumbrance. Any transfer of the developer’s interest in the time-share program to aperson other than purchaser of a unit shall be subject to the obligations of the developer. 85 Acts, ch 155, §18Referred to in §557A.3 Sat Dec 23 11:05:11 2023 Iowa Code 2024, Section 557A.18 (16, 0)
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