CO SB182

Defines "resale time share" as a previously-owned time share located primarily in Colorado and owned by a Colorado resident, and creates regulatory framework for time share resale entities and services.

Requires time share resale entities to obtain signed written contracts before providing services and prohibits collection of advance fees until providing proof of completed transfer to a subsequent buyer.

Expands deceptive trade practice prohibitions to include false statements about resale time shares, including misrepresentations about existence of offers, likelihood of sale, property value, and costs of ownership.

Mandates comprehensive disclosures in resale transfer agreements including entity contact information, property description, transfer method, fee listings, estimated completion date, and specific consumer protection notices in at least 14-point bold type.

Prohibits transfers to buyers with demonstrated inability or unwillingness to pay assessments and taxes, establishes five-day rescission rights for purchasers, and allows private civil actions for injured parties.