110 R.I. Code R. 110-RICR-40-00-4.1
These regulations are adopted pursuant to R.I. Gen. Laws § 6-13.1-1 et. seq., the Deceptive Trade Practices Law, specifically R.I. Gen. Laws § 6-13.1-7(c).
These regulations are for the purpose of determining, regulating and/or prohibiting certain conduct, terminology and/or representations concerning real estate time share sales and practices which are, or may, involve unfair methods of competition or unfair or deceptive acts or practices as defined in R.I. Gen. Laws § 6-13.1-1 and as prohibited by R.I. Gen. Laws § 6-13.1-2.
These regulations apply to all time share interests in real estate or any phase of time share interests except for any such interest governed solely by R.I. Gen. Laws § 34-38-1 et. seq., entitled "Regulation of Out of State Real Estate Sales and Dispositions." It should be noted that the Rhode Island Condominium Act also governs time share condominium units under certain conditions. These regulations are also intended to be consistent with R.I. Gen. Laws §34-36.1-1 et. seq. entitled the "Rhode Island Condominium Act." These regulations apply only to transactions which occur after these regulations become effective.
110 R.I. Code R. 110-RICR-40-00-4.1