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 01/01/2010
ACTION Final/Adopted
Preamble Texas Admin Code Rule
(a)If a timeshare plan was registered prior to January 15, 2006, the registration expires on the last day of the month 24 months after its last anniversary date prior to January 15, 2006. For timeshare plans registered on or after January 15, 2006, the registration expires on the last day of the month 24 months after the date the plan was registered.

 (b)A developer of a timeshare plan may renew the registration for a 2-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 prior to the expiration of a registration, the commission shall mail a renewal application form to the developer's last known permanent mail address as shown in the commission's computerized 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 sixty (60) days after the commission makes written request for correct or additional information or documentation.

This agency hereby certifies that the adoption has been reviewed by legal counsel and found to be a valid exercise of the agency's legal authority.

Filed with the Office of the Secretary of State on December 16, 2009

TRD-200905883

Loretta R. DeHay

Deputy Administrator and General Counsel

Texas Real Estate Commission

Effective date: January 5, 2010

Proposal publication date: November 6, 2009

For further information, please call: (512) 465-3926

 

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