Tenn. Comp. R. & Regs. 1260-06-.14 - RECORDS
(1) The developer shall maintain the
following records for a period of at least four (4) years:
(a) The names, addresses, and dates of
employment (and if applicable, termination) of all persons (including
acquisition agents and sales agents) employed by the developer for time-share
sales purposes in the State of Tennessee.
(b) Copies of sales contracts and
documentation reflecting the disposition of all purchase money received
thereunder.
(c) Copies of
agreements entered into with managing agents for the management of the
time-share program.
(d) Copies of
agreements entered into with exchange agents for the affiliation of the
time-share project with an exchange program.
(2) All records required to be kept under
this rule shall be made available to the Commission or its authorized
representatives upon reasonable request.
Notes
Authority: T.C.A. ยง 66-32-121.
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