(a)The [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 of a timeshare plan expires on the last day of the month two years [24 months] after the date the plan was registered. (b)A developer of a timeshare plan may renew the registration for a two [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 before [prior to] the expiration of a registration, the Commission [commission ] shall mail a renewal application form to the developer's last known mailing [permanent mail] address as shown in the Commission's [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 two months [sixty (60) days] after the Commission [ commission] makes written request for correct or additional information or documentation.
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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