1. (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:

   1. (a) The public offering statement for the project; and
   2. (b) A letter of certificate of registration from the jurisdiction in which the time-share property is located.

Authority: T.C.A. §§ 66-32-102 and 66-32-121. Administrative History: Original rule filed April 17, 1985; effective May 17, 1985.