Iowa · statute · Iowa Code ch. 557B · 16 active provisions
As used in this chapter, unless the context otherwise requires: 1. “Advertisement” means an attempt by publication, dissemination, solicitation, or circulation to induce directly or indirectly any person to enter into an obligation or acquire a title or interest in a membership camping contract. 2. “Affiliate” means an…
A person shall not offer or sell a membership camping contract in this state unless one of the following is applicable: 1. The membership camping contract is covered by a membership camping registration as provided in this chapter. 2. The membership camping contract or the transaction is exempted under section 557B.4.
1. Filing fees, as prescribed in section 557B.7, shall accompany the application for registration, renewal of a registration, or any amendment of a registration of membership camping contracts. 2. The application for registration shall be filed with the attorney general and shall include all of the following: a. The me…
The following transactions are exempt from registration: 1. An offer, sale, or transfer by any one person of not more than one membership camping contract in any twelve-month period. 2. An offer or sale by a government, government agency, or other subdivision of government. 3. A bona fide pledge of a membership camping…
1. The application for registration automatically becomes effective upon the expiration of forty-five calendar days following filing of a completed application with the attorney general unless one of the following occurs: a. The application is denied under section 557B.6. b. The attorney general grants the registration…
1. The attorney general may by order deny, suspend, or revoke a membership camping operator’s application or registration or impose a penalty of not more than five thousand dollars or a combination of suspension or revocation and penalty, if the attorney general finds that the order is for the protection of prospective…
Each application for registration of an offer or sale of membership camping contracts and each application for amendment or renewal of a registration shall be accompanied by a fee determined by the attorney general which shall be sufficient to defray the costs of administering this chapter.
1. A membership camping operator who is subject to the registration requirements of section 557B.3 shall provide a disclosure statement to a purchaser or prospective purchaser before the person signs a membership camping contract or gives any money or thing of value for the purchase of a membership camping contract. 2.…
The membership camping operator shall deliver to the purchaser a fully executed copy of a membership camping contract, in writing, which contract shall include at least the following information: 1. The name of the membership camping operator and the address of its principal place of business. 2. The actual date the me…
A purchaser has the right to cancel a membership camping contract within three business days following the date the contract is executed or within three business days following the date of delivery of the written disclosure statement required by section 557B.8, whichever event is later. 1. The right to cancel may not b…
A purchaser’s remedy for errors in or omissions from the membership camping contract, the materials delivered to the purchaser at the time of sale, or any of the disclosures required in section 557B.13 is limited to a right of cancellation and refund of the payment made or consideration given by the purchaser. However,…
1. With respect to any property in this state acquired and put into operation by a membership camping operator after July 1, 1987, the membership camping operator shall not offer or execute a membership camping contract in this state granting the right to use the property until the following requirements are met: a. Ea…
1. Any advertisement, communication, or sales literature relating to membership camping contracts, including oral statements by a salesperson or any other person, shall not contain: a. Any untrue statement of material fact or any omission of material fact which would make the statements misleading in light of the circu…
1. A violation of this chapter or the commission of any act declared to be unlawful under this chapter constitutes a violation of section 714.16, subsection 2, paragraph “a”, and the attorney general has all the powers enumerated in that section to enforce the provisions of this chapter. 2. In addition, the attorney ge…
The attorney general may, by rule or order, exempt any person from all or part of the requirements of this chapter if the attorney general finds the requirements unnecessary for the protection of purchasers. In determining exemptions from this chapter, the attorney general shall consider all of the following: 1. The du…
The attorney general may prescribe rules in accordance with this chapter as deemed necessary to carry out the provisions of this chapter.