Tennessee Code Annotated
Tenn. Code Ann. § 66-32-127 (2024)
Financing of time-share programs
✓ Justia copy: laws through about 2024 (2025 and 2026 sessions missing)
- (a) In the financing of a time-share program, the developer shall retain financial records of the schedule of payments required to be made and the payments made to any person or entity which is the owner of an underlying blanket mortgage, deed of trust, contract of sale or other lien or encumbrance (lienhold).
- (b) Any transfer of the developer's interest in the time-share program to any third person shall be subject to the obligations of the developer.
Acts 1981, ch. 372, § 28; T.C.A., § 64-3228.
Notes of Decisions
Cited in 3
cases, 1990–2001 · leading case: State v. Heath, 806 S.W.2d 535 (Tenn. Ct. App. 1990).
State v. Heath, 806 S.W.2d 535 (Tenn. Ct. App. 1990). “T.C.A. § 66-32-127. Financing of time-share programs.”
Donald D. Kessler, on Their Own Behalf & on Behalf of All Others Similarly Situated v. Nat'l Enter., Inc. Arkansas No. 1 Lcc, 238 F.3d 1006 (8th Cir. 2001). “§ 76-1739; Tenn.Code Ann. § 66-32-127; see also Guam Code Ann.”
Donald D. Kessler v. Natl. Enter., No. 99-4249 (8th Cir. Jan. 30, 2001). “§ 76-1739 ; Tenn. Code Ann. § 66-32-127 ; see also Guam Code Ann.”
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