Texas Register
TITLE 22 EXAMINING BOARDS
PART 23TEXAS REAL ESTATE COMMISSION
CHAPTER 543RULES RELATING TO THE PROVISIONS OF THE TEXAS TIMESHARE ACT
RULE §543.10Escrow Requirements
ISSUE 12/05/2014
ACTION Final/Adopted
Preamble Texas Admin Code Rule
(a)For purposes of Section 221.063(a) of the Texas Timeshare Act, the alternative financial assurance from another state or jurisdiction must be for the same timeshare plan as the timeshare plan being registered or registration being amended.

(b)A timeshare developer shall, not later than the 10 day after the date of the change, provide the Commission with written notice of any increase or decrease in the original surety bond as provided for in Section 221.063(a) of the Texas Timeshare Act.

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 November 20, 2014

TRD-201405550

Kerri Lewis

General Counsel

Texas Real Estate Commission

Effective date: December 10, 2014

Proposal publication date: September 5, 2014

For further information, please call: (512) 936-3092

 

Next Page       Previous Page

Link to Texas Secretary of State Home Page | link to Texas Register home page | link to Texas Administrative Code home page | link to Open Meetings home page