What are the potential penalties for violating the North Carolina Time Share Act?

The correct response accurately reflects the range of penalties that can be imposed for violating the North Carolina Time Share Act. Specifically, the act allows for non-issuance, non-renewal, or revocation of the time share registration, which serves as a primary enforcement mechanism to ensure compliance with the law. This emphasizes the importance of maintaining proper registrations and adhering to regulations governing time shares.

In addition, this answer includes the provision for a fine of $500 for each violation, which serves as a financial deterrent against non-compliance. The imposition of fines helps reinforce the seriousness of adhering to the regulations set forth by the Time Share Act.

Other options either omit certain critical penalties or imply harsher consequences, such as possible jail time, which are not part of the standard range of penalties outlined in the Time Share Act. This ensures clarity around the legal ramifications for entities involved in time share sales and operations in North Carolina.