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(a)An applicant for registration of a timeshare plan
or an applicant for abbreviated registration of a timeshare plan shall
pay a filing fee of $2.00 for each seven days of annual use availability
in each accommodation that is a part of the timeshare plan, provided,
however, that the Commission shall charge and collect a minimum filing
fee of $500.00 and that no registration filing fee shall exceed $3,500.00.
(b)An applicant for amendment of the registration
of a timeshare plan shall pay a minimum filing fee of $100.00, provided,
however, that the filing fee for an amendment that increases the number
of timeshare interests to be sold from the number that existed or
were proposed for sale in the original registration shall be $2.00
for each seven days of annual use availability in each timeshare unit
that is being added to the timeshare plan and that no filing fee shall
exceed $2,000.00.
(c)An applicant for pre-sale authorization shall pay
a filing fee of $100.00 in addition to the filing fee due under subsection
(a) of this section.
(d)A filing fee is not refundable once an application
is accepted for filing by the Commission.
(e)A developer of a registered timeshare plan shall
pay a fee of $100 to renew a registration.
(f)To reinstate an expired registration of the timeshare
plan, a developer shall pay, in addition to the fee of $100 to renew
a timeshare plan, an additional fee of $25 for each month the registration
has been expired.
The agency certifies that legal counsel has reviewed
the proposal and found it to be within the state agency's legal authority
to adopt.
Filed with the Office
of the Secretary of State on
May 6, 2022
TRD-202201793 Abby Lee
Deputy General Counsel
Texas Real Estate Commission
Earliest possible date of adoption: June 19, 2022
For further information, please call: (512) 936-3057
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