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(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 not accept for filing an application submitted without a complete application form or the appropriate filing fee. (b)If the commission determines that an application for registration of a timeshare property satisfies all requirements for registration, the commission shall promptly register the timeshare property. The commission shall notify the applicant in writing that the timeshare property has been registered, specifying the effective date of registration and shall assign a registration number to the timeshare property. (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 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 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 April 24, 2001
TRD-200102390 Mark A. Moseley
General Counsel
Texas Real Estate Commission
Effective date: May 14,
2001
Proposal publication date: January 26, 2001
For further information, please call: (512) 465-3900
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