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Historical Rule for the Texas Administrative Code
TITLE 22EXAMINING BOARDS
PART 23TEXAS REAL ESTATE COMMISSION
CHAPTER 543RULES RELATING TO THE PROVISIONS OF THE TEXAS TIMESHARE ACT
RULE §543.10Escrow Requirements
Repealed Date:08/30/2022
(a) For purposes of Section 221.063(a) of the Texas Timeshare Act, the alternative financial assurance from another state or jurisdiction must be for the same timeshare plan as the timeshare plan being registered or registration being amended.

(b) A timeshare developer shall, not later than the 10 day after the date of the change, provide the Commission with written notice of any increase or decrease in the original surety bond as provided for in Section 221.063(a) of the Texas Timeshare Act.
Source Note: The provisions of this §543.10 adopted to be effective January 15, 2006, 30 TexReg 8693; amended to be effective June 8, 2008, 33 TexReg 4326; amended to be effective December 10, 2014, 39 TexReg 9535

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