TN Timeshare Study Guide UPDATED
Actual Questions and CORRECT Answers
If there is a complaint against licensee, they must answer in how many days? - CORRECT
ANSWER✔✔- 10 days
If a customer sees a timeshare and buys it how long do they have to cancel the purchase? -
CORRECT ANSWER✔✔- 10 days
If the customer does not see the time share and buys it how long do they have to cancel the
purchase? - CORRECT ANSWER✔✔- 15 days
If customer cancels purchase how long does the developer have to refund all the monies? -
CORRECT ANSWER✔✔- 30 days
If a public offering statment is incomplete how long do you have to ammend it? - CORRECT
ANSWER✔✔- 45 days
How long before the time-share real estate expires must you renew? - CORRECT
ANSWER✔✔- 60 days
If not renewed how much is the fine for the first 60 days? - CORRECT ANSWER✔✔- 50
per month or part of month due date to expiration
If not renewed after 60 days how much is it to renew license - CORRECT ANSWER✔✔-
100 per month or part of month for 60 days beyond expiration
Camping contracts must be canceled in how many days? - CORRECT ANSWER✔✔- 15
days
Camping contracts must be refunded in how many days? - CORRECT ANSWER✔✔- 30
days
, Camping contract rain checks must be within how many days? - CORRECT ANSWER✔✔-
120 days
Commission must notify complainant of discriminatory practice in how many days? -
CORRECT ANSWER✔✔- 10 days
Either party may indicate civil action within how many days? - CORRECT ANSWER✔✔-
20 days
Complainant has how many days to appeal a ruling? - CORRECT ANSWER✔✔- 30 days
Commission has how many days to appeal ruling? - CORRECT ANSWER✔✔- 30 days
Must initiate "Court of Appeals" proceeding in how many days? - CORRECT ANSWER✔✔-
30 days
If civil action is taken commission must act within how many days? - CORRECT
ANSWER✔✔- 60 days
Hearings concerning discrimination must be within how many days? - CORRECT
ANSWER✔✔- 90 days
Following discriminatory practice how long do you have to make a complaint? - CORRECT
ANSWER✔✔- 180 days
If the commission doesn't schedule hearing, how long until you go to county chancery, circuit
court, or court of appeals? - CORRECT ANSWER✔✔- 180 days
What is the fee for licensing? - CORRECT ANSWER✔✔- 100
What is the education and recovery fee? - CORRECT ANSWER✔✔- 30
Actual Questions and CORRECT Answers
If there is a complaint against licensee, they must answer in how many days? - CORRECT
ANSWER✔✔- 10 days
If a customer sees a timeshare and buys it how long do they have to cancel the purchase? -
CORRECT ANSWER✔✔- 10 days
If the customer does not see the time share and buys it how long do they have to cancel the
purchase? - CORRECT ANSWER✔✔- 15 days
If customer cancels purchase how long does the developer have to refund all the monies? -
CORRECT ANSWER✔✔- 30 days
If a public offering statment is incomplete how long do you have to ammend it? - CORRECT
ANSWER✔✔- 45 days
How long before the time-share real estate expires must you renew? - CORRECT
ANSWER✔✔- 60 days
If not renewed how much is the fine for the first 60 days? - CORRECT ANSWER✔✔- 50
per month or part of month due date to expiration
If not renewed after 60 days how much is it to renew license - CORRECT ANSWER✔✔-
100 per month or part of month for 60 days beyond expiration
Camping contracts must be canceled in how many days? - CORRECT ANSWER✔✔- 15
days
Camping contracts must be refunded in how many days? - CORRECT ANSWER✔✔- 30
days
, Camping contract rain checks must be within how many days? - CORRECT ANSWER✔✔-
120 days
Commission must notify complainant of discriminatory practice in how many days? -
CORRECT ANSWER✔✔- 10 days
Either party may indicate civil action within how many days? - CORRECT ANSWER✔✔-
20 days
Complainant has how many days to appeal a ruling? - CORRECT ANSWER✔✔- 30 days
Commission has how many days to appeal ruling? - CORRECT ANSWER✔✔- 30 days
Must initiate "Court of Appeals" proceeding in how many days? - CORRECT ANSWER✔✔-
30 days
If civil action is taken commission must act within how many days? - CORRECT
ANSWER✔✔- 60 days
Hearings concerning discrimination must be within how many days? - CORRECT
ANSWER✔✔- 90 days
Following discriminatory practice how long do you have to make a complaint? - CORRECT
ANSWER✔✔- 180 days
If the commission doesn't schedule hearing, how long until you go to county chancery, circuit
court, or court of appeals? - CORRECT ANSWER✔✔- 180 days
What is the fee for licensing? - CORRECT ANSWER✔✔- 100
What is the education and recovery fee? - CORRECT ANSWER✔✔- 30
