(a)A person who wishes to register a timeshare property shall submit an application for registration using forms prepared by the commission. The commission may [shall] not accept for filing an application submitted without a complete application form or the appropriate filing fee. (b)(No change.) (c)If the commission determines that an application for registration of a timeshare property fails to satisfy any requirement for registration, the commission shall notify the applicant of any deficiency in writing. The commission may require an applicant to revise and resubmit written documents filed with the application or to provide additional information if the commission determines that the application is incomplete or inaccurate. Upon submission by an applicant of a response sufficient in the opinion of the commission to cure any deficiency in the application, the commission shall promptly register the timeshare property and provide the applicant with the written notice required by these rules. An application will [shall] be terminated, and the commission shall take no further action 180 days after the commission mails a request to the applicant for curative action.
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 January 11, 2001
TRD-200100215 Mark A.
Mosley
General Counsel
Texas Real Estate Commission
Earliest possible date of adoption: February 25, 2001
For further information, please call: (512) 465-3900
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