Request For Exemption

(1) Any developer wishing to avoid registering a time-share program involving property located outside this state on the basis of T.C.A. § 66-32-102(7) (the “no-offering” provision) shall submit a request for exemption to the Commission. The request shall be accompanied by: (a) The public offering statement for the project; and (b) A letter of certificate of registration from the jurisdiction in which the time-share property is located.