{"data":{"id":"us-tn/tenn.-code-ann.-66-32-207","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 66-32-207","heading":"Developers subject to commission - Prerequisites to vacation club offering","body":"(a) A developer of a vacation club interest shall in all respects be subject to the authority of the commission and any rules and regulations promulgated by the commission. (b) Unless specifically exempted, a developer of a vacation club interest may not offer or dispose of a vacation club interest unless it is registered with the commission under § 66-32-123 , and pays any fee required by § 66-32-123 . (c) Prior to offering any vacation club intervals in a vacation club, a developer shall provide the commission: (1) Satisfactory evidence of the existence of the time-share intervals that are part of the vacation club; (2) The marketing plan for the vacation club; (3) Proof of ownership or a leasehold estate of the time-share intervals that are part of the vacation club; and (4) Satisfactory proof of compliance with this part, including, but not limited to, a public offering statement, escrow of deposits, cancellation rights, advertising and promotional offers. Acts 1995, ch. 90, § 9.\n(a) A developer of a vacation club interest shall in all respects be subject to the authority of the commission and any rules and regulations promulgated by the commission.\n(b) Unless specifically exempted, a developer of a vacation club interest may not offer or dispose of a vacation club interest unless it is registered with the commission under § 66-32-123 , and pays any fee required by § 66-32-123 .\n(c) Prior to offering any vacation club intervals in a vacation club, a developer shall provide the commission: (1) Satisfactory evidence of the existence of the time-share intervals that are part of the vacation club; (2) The marketing plan for the vacation club; (3) Proof of ownership or a leasehold estate of the time-share intervals that are part of the vacation club; and (4) Satisfactory proof of compliance with this part, including, but not limited to, a public offering statement, escrow of deposits, cancellation rights, advertising and promotional offers.\n(1) Satisfactory evidence of the existence of the time-share intervals that are part of the vacation club;\n(2) The marketing plan for the vacation club;\n(3) Proof of ownership or a leasehold estate of the time-share intervals that are part of the vacation club; and\n(4) Satisfactory proof of compliance with this part, including, but not limited to, a public offering statement, escrow of deposits, cancellation rights, advertising and promotional offers.","path":["TN Code","Title 66","Chapter 32"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_tn_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:26Z","sha256":"7174d63838b5e523f3605edc355baa97dcdb727cc2af2ba62b5fa6604ee96d23","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-66-32-206","next":"us-tn/tenn.-code-ann.-66-32-301"},"notice":"GroundRules: Original legal text. Not legal advice."}