§ 66-32-137. Violations — Required Contents of Written Agreements Engaging the Services of a Resale Broker and Contracts for Purchase and Sale
It is a violation of this part for any time-share resale broker to: Enter into any agreement with any person engaging the services of the time-share resale broker in connection with the resale of a time-share interval unless a written agreement complying in all respects with subsection (b) is first executed by the time-share resale […]
§ 66-32-138. Delivery of Required Renewal Documentation and Fees
Notwithstanding any other law to the contrary, all documentation and fees which are a prerequisite to the renewal of a license or registration shall be delivered to the commission no later than sixty (60) days prior to the expiration date of the license or registration.
§ 66-32-139. Registration of Acquisition Agents — Penalties for Prohibited Activity and Conduct — Commission’s Authority to Promulgate Rules and Regulations
All acquisition agents and their representatives, as defined in § 66-32-102, shall register with the commission and furnish such information as provided by commission regulation. The application for registration shall be accompanied by a twenty-five dollar ($25.00) registration fee. The commission has the authority to assess civil penalties, or to suspend or revoke the registration […]
§ 66-32-201. Short Title
This part shall be known and may be cited as the “Tennessee Vacation Club Act of 1995.”
§ 66-32-202. Legislative Intent
The purpose of this part is to recognize that the sale and promotion of vacation clubs is an emerging, dynamic segment of the international tourism industry; that this segment of the tourism industry continues to grow, both in volume of sales and in complexity and variety of product structure; and that a uniform and consistent […]
§ 66-32-203. Application
This part applies only to sellers of vacation club interests who offer for disposition vacation club interests to the general public in Tennessee. For purposes of this section, an offer shall be considered to be made in this state only if the offer: Originates from this state; or Is directed by the offeror into this […]
§ 66-32-129. Protection of Lienholder
The lienholder in any time-share program shall have the following rights: A lienholder’s lien rights shall be preserved as against any purchaser of time-share interval claiming that the time-share is invalid, void or voidable, thirty (30) days after written notice by certified mail or personal delivery has been given by the developer to the purchaser. […]
§ 66-32-130. Premiere Tourist Resort City
Notwithstanding any other provisions of this part, a “premiere tourist resort city” defined as a municipality having a population of three thousand (3,000) or more persons, according to the federal census of 1980 or any subsequent federal census in which at least forty percent (40%) of the assessed valuation, as shown by the tax assessment […]
§ 66-32-131. Misleading Advertising Unlawful
It is unlawful for any person with intent directly or indirectly to offer for sale or sell time-share intervals in this state to authorize, use, direct or aid in the publication, distribution or circulation of any advertisement, radio broadcast or telecast concerning the time-share project in which the time-share intervals are offered, which contains any […]
§ 66-32-132. Advertising — Specific Prohibitions
No advertising for the offer or sale of time-share intervals shall: Contain any representation as to the availability of a resale program or rental program offered by or on behalf of the developer or its affiliate unless the resale program and/or rental program has been made a part of the offering and submitted to the […]