37-53-307. Illegal practices. (1) It is unlawful for any person in connection with the offer, sale, or lease of a timeshare interest in this state to:
     (a) make any false or misleading statement of a material fact or to omit a material fact;
     (b) employ any device, scheme, or artifice to defraud;
     (c) engage in any act, practice, or course of business that operates or would operate as a fraud or deceit upon any person;
     (d) file or cause to be filed with the board any document that contains false or misleading information; or
     (e) violate any provision of this chapter or a rule adopted under this chapter or any applicable provision of Title 37, chapter 51.
     (2) A violation of this section is a misdemeanor punishable as provided in 46-18-212.

     History: En. Sec. 18, Ch. 444, L. 1987.