2990

LAWS OF MARYLAND

Ch. 579

THE TIME-SHARE PROJECT IN WHICH THE TIME-SHARES ARE OFFERED WHICH
CONTAINS ANY STATEMENT OR SKETCH WHICH IS FALSE OR MISLEADING OR
CONTAINS ANY REPRESENTATION OR PICTORIAL REPRESENTATION OF
PROPOSED IMPROVEMENTS OR NONEXISTENT SCENES WITHOUT CLEARLY
INDICATING THAT THE IMPROVEMENTS ARE PROPOSED AND THE SCENES DO
NOT EXIST.

(B) NO ADVERTISING FOR THE OFFER OR DISPOSITION OF
TIME-SHARES SHALL:

(1)  CONTAIN ANY REPRESENTATION AS TO THE AVAILABILITY
OF A RESALE PROGRAM OR RENTAL PROGRAM OFFERED BY OR ON BEHALF OF
THE DEVELOPER UNLESS THE RESALE PROGRAM OR RENTAL PROGRAM HAS
BEEN MADE A PART OF THE OFFERING AND SUBMITTED TO THE COMMISSION;

(2)  CONTAIN AN OFFER OR INDUCEMENT TO PURCHASE WHICH
PURPORTS TO BE LIMITED AS TO QUANTITY OR RESTRICTED AS TO TIME
UNLESS THE NUMERICAL QUANTITY OR TIME APPLICABLE TO THE OFFER OR
INDUCEMENT IS CLEARLY AND CONSPICUOUSLY DISCLOSED;

(3)  CONTAIN STATEMENTS CONCERNING THE AVAILABILITY OF
TIME-SHARES AT A PARTICULAR MINIMUM PRICE IF THE NUMBER OF
TIME-SHARES AVAILABLE AT THAT PRICE COMPRISES LESS THAN 10
PERCENT OF THE UNSOLD INVENTORY OF THE DEVELOPER, UNLESS THE
NUMBER OF TIME-SHARES THEN FOR SALE AT THE MINIMUM PRICE IS SET
FORTH IN THE ADVERTISEMENT;

(4)  CONTAIN ANY STATEMENT THAT THE TIME-SHARES BEING
OFFERED FOR SALE CAN BE FURTHER DIVIDED UNLESS A FULL DISCLOSURE
OF THE LEGAL REQUIREMENTS FOR FURTHER DIVISION OF THE TIME-SHARE
IS INCLUDED;

(5)  CONTAIN ANY ASTERISK OR OTHER REFERENCE SYMBOL AS
A MEANS OF CONTRADICTING OR CHANGING THE ORDINARY MEANING OF ANY
PREVIOUSLY MADE STATEMENT IN THE ADVERTISEMENT;

(6)  MISREPRESENT THE SIZE, NATURE, EXTENT, QUALITIES,
OR CHARACTERISTICS OF THE ACCOMMODATIONS OR FACILITIES WHICH
COMPRISE THE TIME-SHARE PROJECT;

(7)  MISREPRESENT THE NATURE OR EXTENT OF ANY SERVICES
INCIDENT TO THE TIME-SHARE PROJECT;

(8)  MISREPRESENT OR IMPLY THAT A FACILITY OR SERVICE
IS AVAILABLE FOR THE EXCLUSIVE USE OF PURCHASERS OR OWNERS IF A
PUBLIC RIGHT OF ACCESS OR OF USE OF THE FACILITY OR SERVICE
EXISTS;

(9)  MAKE ANY MISLEADING OR DECEPTIVE REPRESENTATION
WITH RESPECT TO THE CONTENTS OF THE TIME-SHARE INSTRUMENT, THE
SALES CONTRACT, OR THIS TITLE;

(10)  MISREPRESENT THE CONDITIONS UNDER WHICH A
PURCHASER OR OWNER MAY PARTICIPATE IN AN EXCHANGE PROGRAM;