Texas Register
TITLE 22 EXAMINING BOARDS
PART 23TEXAS REAL ESTATE COMMISSION
CHAPTER 543RULES RELATING TO THE PROVISIONS OF THE TEXAS TIMESHARE ACT
RULE §543.12Renewal of Registration
ISSUE 12/13/2019
ACTION Final/Adopted
Preamble Texas Admin Code Rule
(a)The registration of a timeshare plan expires on the last day of the month two years after the date the plan was registered.

(b)A developer of a timeshare plan may renew the registration for a two-year period by completing an Application to Renew the Registration of a Timeshare Plan, Form TSR 8-1, and paying the appropriate filing fee.

 (c)Three months before the expiration of a registration, the Commission shall mail a renewal application form to the developer's last known mailing address as shown in the Commission's records.

 (d)An application to renew a timeshare plan is considered void and is subject to no further evaluation or processing when the developer fails to provide information or documentation within two months after the Commission makes written request for correct or additional information or documentation.

 (e)Denial of Renewal. The Commission may deny an application for renewal of a registration if the developer of a timeshare plan is in violation of the terms of a Commission order.

The agency certifies that legal counsel has reviewed the adoption and found it to be a valid exercise of the agency's legal authority.

Filed with the Office of the Secretary of State on November 21, 2019

TRD-201904425

Kristen Worman

Deputy General Counsel

Texas Real Estate Commission

Effective date: December 11, 2019

Proposal publication date: August 30, 2019

For further information, please call: (512) 936-3093

 

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