TITLE 68: PROFESSIONS AND OCCUPATIONS
CHAPTER VIII: OFFICE OF BANKS AND REAL ESTATE
SUBCHAPTER b: PROFESSIONS AND OCCUPATIONS
PART 1451 REAL ESTATE TIMESHARE ACT OF 1999
SECTION 1451.20 COMPREHENSIVE REGISTRATION


 

Section 1451.20  Comprehensive Registration

 

A comprehensive registration as set forth in Section 5-15(d) of the Act shall include but not be limited to:

 

a)         certificate of authority to transact business in Illinois, if applicable;

 

b)         certified financial statements;

 

c)         consent to service of process;

 

d)         consent to audit special accounts;

 

e)         a completed timeshare plan application/questionnaire, including the following exhibits:

 

1)         general location map;

 

2)         scaled, drafted plot map;

 

3)         floor plans for each type of unit;

 

4)         copy of plat or survey of record;

 

5)         evidence of title;

 

6)         legal description of property;

 

7)         encumbrances;

 

8)         covenants;

 

9)         certificate of occupancy, if available;

 

10)       certification of promised improvements;

 

11)       public offering statement;

 

12)       contract and conveyance documents;

 

13)       exchange company documents; and

 

f)          the required filing fee.