Utah § 57-19-11 - Disclosure required.

Full text of Utah Utah Code § 57-19-11 — Disclosure required., with citation guidance and answers to common questions.

§ 57-19-11. Disclosure required.

Effective 5/10/2016
57-19-11.  Disclosure required.
(1) Except as provided in Section 57-19-26, any person who sells or offers to sell an interest in a development located in this state, or who sells or offers to sell in this state an interest in a development located outside of this state, shall provide to a prospective purchaser, before the prospective purchaser signs an agreement to purchase an interest in the development or gives any item of value for the purchase of an interest in the development, a written statement that provides a full and fair disclosure of information regarding the development and the purchaser's rights and obligations associated with the purchase of an interest in the development.
(2) The written disclosure described in Subsection (1):
(a) may include electronic files; and
(b) shall:
(i) be on the property report form required by the division; and
(ii) include:
(A) the name and address of the developer;
(B) a statement regarding whether the developer has ever been convicted of a felony or any misdemeanor involving theft, fraud, or dishonesty, or enjoined from, assessed any civil penalty for, or found to have engaged in the violation of any law designed to protect consumers;
(C) a brief description of the developer's experience in timeshare, camp resort, or any other real estate development;
(D) a brief description of the interest that is being offered in the development;
(E) a description of any provisions to protect the purchaser's interest from loss due to foreclosure on any underlying financial obligation of the development;
(F) a statement that the development will not issue more interests during a 12-month period than the development can accommodate during the 12-month period;
(G) any event that has occurred since the date of the offer that may have a material adverse effect on the operation of the development; and
(H) any other information the director considers necessary for the protection of purchasers.


Amended by Chapter 255, 2016 General Session

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Frequently Asked Questions About Utah § 57-19-11

What does Utah Code § 57-19-11 cover?

Section 57-19-11 ("Disclosure required.") is part of the Utah Code, the codified statutory law of Utah. 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 Utah § 57-19-11?

A common citation format is "Utah Code § 57-19-11" (Utah). 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 Utah law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Utah official source linked on this page or consult a licensed Utah attorney.

How does Utah § 57-19-11 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Utah 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 Utah.