Ala. Admin. Code r. 790-X-4-.04

Current through Register Vol. 42, No. 11, August 30, 2024

Section 790-X-4-.04 - Office And Records Inspection

(1) The staff of the Alabama Real Estate Commission is authorized to make an inspection during any business day of any registered timesharing plan or branch office thereof, its facility and accommodations, and its business records to ensure that such plan is operating in compliance with the Alabama Vacation Timesharing Law, the Rules and Regulations of the Commission, and any Commission order.

(2) In the event of such an inspection, the qualifying broker, or the developer in the event there is no qualifying broker, of the timesharing plan shall ensure that the business records referred to in paragraph (1) above are made available to such Commission representative(s).

(3) The Commission representative(s), at the Commission's expense, may make photocopies of records which the timeshare plan is required by law, rule, or order to maintain.

Author: Edward M. George

Ala. Admin. Code r. 790-X-4-.04

Filed July 24, 1984.

Statutory Authority:Code of Ala. 1975, §§ 34-27-52, 34-27-55, 34-27-58, 34-27-62.