Texas Register
TITLE 22 EXAMINING BOARDS
PART 23TEXAS REAL ESTATE COMMISSION
CHAPTER 543RULES RELATING TO THE PROVISIONS OF THE TEXAS TIMESHARE ACT
RULE §543.2Amendments
ISSUE 03/21/2008
ACTION Proposed
Preamble Texas Admin Code Rule
(a) - (b)(No change.)

(c)"Material" includes, but is not limited to:

  (1) - (6)(No change.)

   [(7)a change of more than 20% in the amount of an original surety bond;]

  (7)[(8)] if applicable, an increase of more than 20% in an original alternative assurance as defined by Section 221.063(a) of the Texas Timeshare Act;

  (8)[(9)] a change to a substantive provision of the escrow agreement between the escrow agent and the developer;

  (9)[(10)] a change of management company; or

  (10) (11)] a change to a substantive provision of the management agreement.

(d) - (g)(No change.)

This agency hereby certifies that the proposal has been reviewed by legal counsel and found to be within the agency's legal authority to adopt.

Filed with the Office of the Secretary of State on March 3, 2008

TRD-200801278

Loretta R. DeHay

Assistant Administrator and General Counsel

Texas Real Estate Commission

Earliest possible date of adoption: April 20, 2008

For further information, please call: (512) 465-3900

 

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