The Texas Real Estate Commission (TREC) adopts amendments to 22 TAC Chapter 543, §§543.1 - 543.7 and §§543.10 - 543.13, concerning Rules Relating to the Provisions of the Texas Timeshare Act, without changes to the proposed text as published in the September 5, 2014, issue of the Texas Register (39 TexReg 7037).

The amendments to Chapter 543 are made following a comprehensive quadrennial rule review of Chapter 543 to better reflect current TREC procedures and to simplify and clarify where needed to improve readability.

The reasoned justification for the rules is to better reflect and clarify current TREC procedures and to simplify and clarify text for greater comprehension.

No comments were received on this proposal and no changes were made to the amendments as published.

The amendments are adopted under the Texas Property Code, §221.024, which authorizes the Texas Real Estate Commission to prescribe and publish forms and adopt rules necessary to carry out the provisions of The Texas Timeshare Act.

The statute affected by these amendments is Texas Property Code, Chapter 221. No other statute, code or article is affected by the amendments.