Advertising materials, excluding exchange program materials, proposed for use by any person in connection with the offer, promotion, or disposition of timeshares, vacation club rights or accommodations in Puerto Rico may, prior to their use, be submitted to the Company, accompanied by a request for a written advisory opinion concerning such materials’ compliance with this chapter. The Company may, but shall not be required to, issue such an advisory opinion unless it has adopted regulations obligating it to issue advisory opinions. Materials shall be submitted in the manner prescribed by regulations, if any, adopted by the Company. The Company may, by regulation, impose a fee for the issuance of an advisory opinion. An advisory opinion issued by the Company shall bind the Company but shall have no effect on any other person.
History —Dec. 26, 1995, No. 252, § 7-102; July 5, 1996, No. 66, § 13.