§ 66-32-133. Prize or Gift Promotional Offers — Unlawful Acts
The following unfair acts or practices undertaken by, or omissions of, any person in the operation of any prize or gift promotional offer, by any means, including, but not limited to, by mail, by telephone, by advertisement or in person, for a time-share project are prohibited: Failing to clearly and conspicuously state the name and […]
§ 66-32-134. Violation of §§ 66-32-131 — 66-32-133
Whenever the commission determines from evidence available to it that a person is violating or failing to comply with the requirements of §§ 66-32-131 — 66-32-133, the commission may order the person to cease and desist from such violations and may take enforcement action under §§ 66-32-121 — 66-32-126.
§ 66-32-135. Construction of §§ 66-32-131 — 66-32-133 With Tennessee Consumer Protection Act
Sections 66-32-131 — 66-32-133 shall be in addition to those provisions in the Tennessee Consumer Protection Act, compiled in title 47, chapter 18; provided, that to the extent that any provisions of the Tennessee Consumer Protection Act are in conflict with §§ 66-32-131 — 66-32-133, the Tennessee Consumer Protection Act shall control.
§ 66-32-136. Advertising Material — Engaging Time-Share Resale Broker in Connection With Resale of Time-Share Interval
Any advertising material relating to the solicitation of an agreement engaging the services of a time-share resale broker in connection with the resale of a time-share interval pursuant to § 66-32-137(b) is subject to the provisions of §§ 66-32-131 — 66-32-135. “Advertising material” includes any oral or written sales pitch, promotional brochure, pamphlet, catalogue, advertisement, […]
§ 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 […]
§ 66-32-124. Commission Regulation of Public Offering Statement
The commission at any time may require a developer to alter or supplement the form or substance of a public offering statement to assure adequate and accurate disclosure to prospective purchasers. The public offering statement may not be used for any promotional purposes before registration and afterwards only if it is used in its entirety. […]
§ 66-32-125. Effective Date of Registration — Incomplete or Inadequate Application
Except as otherwise provided in this section, the effective date of the registration, or any amendment thereto, shall be the forty-fifth day after the filing thereof or such earlier date as the commission may determine, having due regard to the public interest and the protection of purchasers. If any amendment to any such registration is […]
§ 66-32-126. Exceptions From Registration Requirement
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; […]