MS HB1476

Requires sellers of timeshare interests to Mississippi residents to provide a complete Prospectus/Public Offering Statement (POS) at least 30 days before closing, and contemporaneously with any promotional materials.

Mandates that sellers and purchasers sign three separate documents at closing: one confirming timely receipt of the POS, one acknowledging review of maintenance and other fees with authority to increase them, and one detailing the rescission period and process.

Designates violations as unfair or deceptive trade practices subject to investigation by the Office of Consumer Protection in the Attorney General's Office, with all purchaser remedies available under consumer protection law.

Voids all sales contracts entered into in violation of the act and makes them unenforceable against the purchaser.

Takes effect July 1, 2019.