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2020 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 (2020)
No registration with the commission shall be required in the case of:
- Any transfer of a time-share interval by any time-share interval owner other than the developer and/or the developer's agent;
- Any disposition pursuant to court order;
- A disposition by a government or governmental agency;
- A disposition by foreclosure or deed in lieu of foreclosure;
- 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;
- A gratuitous transfer of a time-share interval; or
- 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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