§ 44-3-192. Exceptions From Registration

Compliance with this article shall not be required in the case of:

1. Any transfer of a time-share interval by any time-share interval owner other than the developer or such 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 and negotiations took place wholly outside this state and the sales agreement was executed wholly outside this state;
6. A gratuitous transfer of a time-share interval; or
7. Group reservations made for 15 or more people as a single transaction between a hotel and travel agent or travel groups for hotel accommodations when deposits are made and held for more than three years in advance.

History. Code 1981, § 44-3-197 , enacted by Ga. L. 1983, p. 1255, § 1; Ga. L. 1984, p. 22, § 44; Code 1981, § 44-3-192 , as redesignated by Ga. L. 1995, p. 1260, § 1.

Editor’s notes.

Ga. L. 1995, p. 1260, § 1, renumbered former Code Section 44-3-192 as present Code Section 44-3-190. Former Code Section 44-3-192 related to real estate broker’s license requirement.