Section 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.Tenn. Comp. R. & Regs. 1260-06-.14
Original rule filed April 17, 1985; effective May 17, 1985.Authority: T.C.A. § 66-32-121.