557A.13 Exemptions from disclosure requirements.
A person shall not be required to provide disclosure documents, as required in sections 557A.11 and 557A.12, in the following cases:
1. A transfer of a time-share interval by a time-share interval owner other than a developer or a developer’s agent.
2. A disposition of units in a time-share project pursuant to a court order.
3. A disposition of units in a time-share project by a government or governmental agency.
4. A disposition of units in a time-share project by a foreclosure or deed in lieu of foreclosure.
5. A disposition to a person acquiring the time-share interval for other than personal use.
6. A disposition of a time-share interval in a time-share project situated wholly outside this state if all solicitations, negotiations, and contracts took place wholly outside this state and the contract was executed wholly outside this state.
7. A gratuitous transfer of a time-share interval.
85 Acts, ch 155, §13
Referred to in §557A.3