(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 7 days of annual use availability in each accommodation that is a part of the timeshare plan, provided, however, that the Commission [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 7 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 [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 August 25,
2014
TRD-201404083 Kerri Lewis
General Counsel
Texas Real Estate Commission
Earliest possible date of adoption: October 5, 2014
For further information, please call: (512) 936-3092
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