Section 1260-06-.04 - DISCLOSURE OF RESCISSION RIGHTSThe statement in 1260-06-.04(2) shall appear, as written, in boldface and conspicuous type in:
(1) Every public offering statement; and(2) Every contract for the sale of a time-share interval, immediately above the space reserved for the signature of the purchaser: "You May Cancel a Contract to Purchase a Time-Share Interval Within Ten (10) Days from the Date of the Signing of the Contract, Where You Have Made an On-Site Inspection of the Time-Share Project Before Signing the Contract, and, if You Have Not Made Such an Inspection, Within Fifteen (15) Days from the Date of the Signing of the Contract. If You Elect to Cancel, You May Do So by:
(a) Hand Delivering Notice of Cancellation to the Other Party at [insert address] Within the Designated Period for Voiding the Contract; or(b) Mailing Notice of Cancellation by Prepaid United States Mail at [insert address], Postmarked Anytime Within the Designated Period for Voiding the Contract, to the Other Party or to the Other Party's Agent for Service of Process; or(c) Sending Notice of Cancellation Via Electronic Mail at [insert address], Time Stamped Within the Designated Period for Voiding the Contract, to the Other Party."Tenn. Comp. R. & Regs. 1260-06-.04
Original ruled filed April 17, 1985; effective May 17, 1985. Amendment filed September 6, 1985; effective October 6, 1985. Amendment filed March 16, 2010; effective June 14, 2010. Amendments filed August 25, 2023; effective 11/23/2023.Authority: T.C.A. §§ 66-32-112, 66-32-114, and 66-32-121.