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