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61-1-14(2)(o) – Sale of Condominium or Time Share Transactional Exemption call the Division at (801) 530-6600

Exemption:

(2) The following transactions are exempted from Sections 61-1-7 and 61-1-15:

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(o) an offer or sale of "condominium units" or "time period units" as those terms are defined in Title 57, Chapter 8, Condominium Ownership Act, whether or not to be sold by installment contract, if the following are complied with:
(i) Title 57, Chapter 8, Condominium Ownership Act, or if the units are located in another state, the condominium act of that state;
(ii) Title 57, Chapter 11, Utah Uniform Land Sales Practices Act;
(iii) Title 57, Chapter 19, Timeshare and Camp Resort Act; and
(iv) Title 70C, Utah Consumer Credit Code;

Division Interpretive Commentary:

Condominium Ownership Act - The Condominium Ownership Act is found in Title 57, Chapter 8 of the Utah Code.  The terms "condominium units" and "time period units" are defined in section 57-8-3.

Utah Uniform Land Sales Practices Act - The Utah Uniform Land Sales Practices Act is found in Title 57, Chapter 11 of the Utah Code.

Utah Timeshare and Camp Resort Act -  The Utah Timeshare and Camp Resort Act is found in Title 57, Chapter 19 of the Utah Code.

Utah Uniform Consumer Credit Code -  The Utah Uniform Consumer Credit Code is found in Title 70C of the Utah Code.