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