§ 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 […]
§ 66-32-133. 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.
§ 66-32-123. Application and Fees for Registration
An application for registration must contain the public offering statement, a brief description of the property, copies of time-share instruments and any documents referred to therein other than tract maps, plats, plans, and such other information required by the commission’s rules and regulations and be accompanied by any reasonable fees required by the commission. Fee […]
§ 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. […]