Require advertising materials be submitted with the initial public offering statement.

HB 5557 requires real estate developers selling time-share properties to submit all advertising materials - including brochures, radio/TV transcripts, and sales presentations - to the State Auditor’s Division of Land Sales within 10 days of use. The bill applies directly to sellers (developers or agents) offering time-share units, mandating that these materials be filed alongside the initial public offering statement. It also prohibits misleading claims about property improvements, future price increases, or availability, ensuring transparency for potential buyers. This amendment updates West Virginia’s time-sharing regulations to strengthen pre-sale disclosure requirements.