Tennessee § 66-32-127 Financing of time-share programs

Tennessee Statutes

§ 66-32-127 — Financing of time-share programs

(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.

Free access — add to your briefcase to read the full text and ask questions with AI

(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.

Tennessee § 66-32-127 (Financing of time-share programs) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.