# Ark. Code Ann. § 18-14-205: Material changes

> Arkansas · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_AR_T18_C14_S2_S18-14-205

## Section

- **Citation:** Ark. Code Ann. § 18-14-205
- **Heading:** Material changes
- **Jurisdiction:** Arkansas
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** AR Code / Title 18 / Chapter 14 / Subchapter 2 / Section 18-14-205

## Text

(a) A developer shall amend or supplement its registration to report a material change in the information required by § 18-14-204 . (b) (1) If there is a material change in a registration document, the developer shall file an amendment with the Arkansas Real Estate Commission to report the material change no later than forty-five (45) days after the developer knows or reasonably should have known of the change. (2) The developer may continue to offer and dispose of time-share interests under the existing registration pending review of the amendments by the commission if the developer discloses the material change to prospective purchasers. (3) The commission may charge a fee not to exceed three hundred dollars ($300) to process an amendment. Amended by Act 2013, No. 710,§ 2, eff. 8/16/2013. Acts 1983, No. 294, Art. 4, § 4-106; A.S.A. 1947, § 50-1330.

(a) A developer shall amend or supplement its registration to report a material change in the information required by § 18-14-204 .

(b) (1) If there is a material change in a registration document, the developer shall file an amendment with the Arkansas Real Estate Commission to report the material change no later than forty-five (45) days after the developer knows or reasonably should have known of the change. (2) The developer may continue to offer and dispose of time-share interests under the existing registration pending review of the amendments by the commission if the developer discloses the material change to prospective purchasers. (3) The commission may charge a fee not to exceed three hundred dollars ($300) to process an amendment.

(1) If there is a material change in a registration document, the developer shall file an amendment with the Arkansas Real Estate Commission to report the material change no later than forty-five (45) days after the developer knows or reasonably should have known of the change.

(2) The developer may continue to offer and dispose of time-share interests under the existing registration pending review of the amendments by the commission if the developer discloses the material change to prospective purchasers.

(3) The commission may charge a fee not to exceed three hundred dollars ($300) to process an amendment.

Amended by Act 2013, No. 710,§ 2, eff. 8/16/2013.

Acts 1983, No. 294, Art. 4, § 4-106; A.S.A. 1947, § 50-1330.

## Nearby sections

- [Ark. Code Ann. § 18-14-201 Powers and duties of the Arkansas Real Estate Commission](https://www.frixlaw.com/law-library/statutes/STATE_AR_T18_C14_S2_S18-14-201.md)
- [Ark. Code Ann. § 18-14-202 Registration required](https://www.frixlaw.com/law-library/statutes/STATE_AR_T18_C14_S2_S18-14-202.md)
- [Ark. Code Ann. § 18-14-203 Abbreviated registration - Exemptions](https://www.frixlaw.com/law-library/statutes/STATE_AR_T18_C14_S2_S18-14-203.md)
- [Ark. Code Ann. § 18-14-204 Application for registration](https://www.frixlaw.com/law-library/statutes/STATE_AR_T18_C14_S2_S18-14-204.md)
- [Ark. Code Ann. § 18-14-205 Material changes](https://www.frixlaw.com/law-library/statutes/STATE_AR_T18_C14_S2_S18-14-205.md)
- [Ark. Code Ann. § 18-14-206 Effectiveness of registration or amendment](https://www.frixlaw.com/law-library/statutes/STATE_AR_T18_C14_S2_S18-14-206.md)
- [Ark. Code Ann. § 18-14-207 Regulation and use of public offering statement](https://www.frixlaw.com/law-library/statutes/STATE_AR_T18_C14_S2_S18-14-207.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_AR_T18_C14_S2_S18-14-205. Check the current official text before relying on it. Not legal advice.