Indiana Code 32-32-3-8. Attorney general requirements
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Sec. 8. The attorney general may require:
(2) that all or part of the money collected from the consumer as part of a purchase of a time share instrument or camping club membership, including closing costs and exchange company membership fees, be placed and held in escrow until the particular time share unit or camping site to which the time share or camping club membership relates is substantially completed and ready for occupancy.
(1) that a developer file a performance bond with the division; or
Terms Used In Indiana Code 32-32-3-8
- Attorney: includes a counselor or other person authorized to appear and represent a party in an action or special proceeding. See Indiana Code 1-1-4-5
- Escrow: Money given to a third party to be held for payment until certain conditions are met.
[Pre-2002 Recodification Citation: 24-5-9-29(a).]
As added by P.L.2-2002, SEC.17.