(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 8-2, and paying the appropriate filing
(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 August 10, 2022
Deputy General Counsel
Texas Real Estate Commission
Effective date: August
Proposal publication date: May 20, 2022
For further information, please call: (512) 936-3057