New Jersey § 45:15-16
Full text of New Jersey New Jersey Statutes § 45:15-16, with citation guidance and answers to common questions.
§ 45:15-16.
All timeshare plans that were registered and approved pursuant to the provisions of
the “Real Estate Sales Full Disclosure Act,” P.L.1989, c. 239 ( C.45:15-16.27 et seq. ) and “The Planned Real Estate Development Full Disclosure Act,” P.L.1977, c. 419
( C.45:22A-21 et seq. ) in effect on the effective date of this act shall remain in full force and effect
after the effective date of this act and shall be considered registered under this
act and shall not be required to file any further documentation under this act, except
as to comply with the requirements of section 11. Developers who have filed timeshare plans that were exempt from the requirements of
the “Real Estate Sales Full Disclosure Act,” P.L.1989, c. 239 ( C.45:15-16.27 et seq. ) and “The Planned Real Estate Development Full Disclosure Act,” P.L.1977, c. 419
( C.45:22A-21 et seq. ) shall be required to file a registration application with the commission within
90 days from the effective date of this act unless they are otherwise exempt under
this act. These developers and timeshare plans shall be allowed to continue operating as long
as a registration application is filed with the commission within the timeframe stated
above and as long as they, in good faith, continue to work with the commission to
correct any and all deficiencies in the registration application. Any existing injunction or temporary restraining order validly obtained under the
“Real Estate Sales Full Disclosure Act,” P.L.1989, c. 239 ( C.45:15-16.27 et seq. ) or “The Planned Real Estate Development Full Disclosure Act,” P.L.1977, c. 419 ( C.45:22A-21 et seq. ) which prohibits unregistered practice of timeshare developers, timeshare plans,
and their agents shall not be invalidated by the enactment of this act and shall continue
to have full force and effect on and after the effective date of this act. Any existing disciplinary action or investigation pursuant to a violation under
the “Real Estate Sales Full Disclosure Act,” P.L.1989, c. 239 ( C.45:15-16.27 et seq. ) or “The Planned Real Estate Development Full Disclosure Act,” P.L.1977, c. 419 ( C.45:22A-21 et seq. ) shall not be invalidated by the enactment of this act and shall continue to have
full force and effect on and after the effective date of this act.
Frequently Asked Questions About New Jersey § 45:15-16
What does New Jersey Statutes § 45:15-16 cover?
Section 45:15-16 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 45:15-16?
A common citation format is "New Jersey Statutes § 45:15-16" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 45:15-16 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.