2019 Tennessee Code
Title 66 - Property
Chapter 32 - Time-Share Programs and Vacation Clubs
Part 1 - Time-Share Act of 1981
§ 66-32-126. Exceptions from registration requirement.

Universal Citation: TN Code § 66-32-126 (2019)
  • No registration with the commission shall be required in the case of:
    • (1) Any transfer of a time-share interval by any time-share interval owner other than the developer and/or the developer's agent;

    • (2) Any disposition pursuant to court order;

    • (3) A disposition by a government or governmental agency;

    • (4) A disposition by foreclosure or deed in lieu of foreclosure;

    • (5) A disposition of a time-share interval in a time-share project situated wholly outside this state; provided, that all solicitations, negotiations, and contacts took place wholly outside this state and the contract was executed wholly outside this state;

    • (6) A gratuitous transfer of a time-share interval; or

    • (7) Group reservations made for fifteen (15) or more people as a single transaction between a hotel and travel agent or travel groups for hotel accommodations, where deposits are made and held for more than three (3) years in advance.

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