§ 557b-3

557B.3 Application for registration — amendments — renewal. 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 membershipcamping contracts. 2. The application for registration shall be filed with the attorney general and shall include 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 andaddress 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 andthe extent of each such person’s interest in the membership camping operator as of a specifieddate 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

operator as of a specifieddate 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 astatement identifying the existing amenities at each campground and the planned amenitiesrepresented 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 andschedule for completion of those amenities. f. A brief description of the membership camping operator’s ownership of or other right to 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 entitlingthe membership camping operator to use the property and any material provisions of theagreements which restrict a purchaser’s use of the property. g.

reciprocal agreement, or other agreement entitlingthe membership camping operator to use the property and any material provisions of theagreements 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 inaccordance 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 withany 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. 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

f a purchaser’s membership camping contract. 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 isdisclosed 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, includinga statement of whether and how the articles, bylaws, rules, restrictions, or covenants may bechanged. 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 Sat Dec 23 11:05:14 2023 Iowa Code 2024, Section 557B.3 (17, 0)

ocal agreement allowing purchasers to use camping sites, facilities, or other properties owned or operated by any person other than the Sat Dec 23 11:05:14 2023 Iowa Code 2024, Section 557B.3 (17, 0) §557B.3, MEMBERSHIP CAMPGROUNDS 2 membership camping operator with whom the purchaser has entered into a membershipcamping contract. q. Financial statements of the membership camping operator prepared in accordance with generally accepted accounting principles which shall include a financial statementfor the most recent fiscal year audited by an independent certified public accountant, andan unaudited financial statement for the most recent fiscal quarter. The attorney generalmay waive the requirement for an audited statement if the statement has been prepared byan independent certified public accountant and the attorney general is satisfied with thereliability of the statement and with the ability of the membership camping operator to meetfuture 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 powerof attorney for this purpose from the membership

e signed by the membership camping operator or an officer or a general partner of the membership camping operator, or by another person holding a powerof attorney for this purpose from the membership camping operator. If the application issigned pursuant to a power of attorney, a copy of the power of attorney must be includedwith the application. 4. An application for registration shall be amended within twenty-five days of any material change in the information included in the application. A material change includes any changewhich significantly reduces or terminates either the applicant’s or the purchaser’s right touse 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 thereciprocal 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 theanniversary of the current registration. The application shall include all changes which haveoccurred in the information included in the application previously filed. 6.

than thirty days prior to theanniversary of the current registration. The application shall include all changes which haveoccurred in the information included in the application previously filed. 6. Registration with the attorney general does not constitute approval or endorsement by the attorney general of the membership camping operator, the membership camping contract,or the campground, and any attempt by the membership camping operator to indicate thatregistration constitutes such approval or endorsement is unlawful. 87 Acts, ch 181, §7; 2013 Acts, ch 30, §175Referred to in §557B.6, 557B.8, 557B.13 Sat Dec 23 11:05:14 2023 Iowa Code 2024, Section 557B.3 (17, 0)