Texas Property Code 221.028 – Denial of Registration Renewal
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(a) The commission may deny the renewal of a registration under this chapter if the developer is in violation of a commission order.
(b) The denial of a registration renewal under this section is subject to the same provisions as are applicable under § 1101.364, Occupations Code, to the denial of a license.
Terms Used In Texas Property Code 221.028
- Commission: means the Texas Real Estate Commission. See Texas Property Code 221.002
- Developer: means :
(A) any person, excluding a sales agent, who creates a timeshare plan or is in the business of selling timeshare interests or employs a sales agent to sell timeshare interests; or
(B) any person who succeeds in the developer's interest by sale, lease, assignment, mortgage, or other transfer if the person:
(i) offers at least 12 timeshare interests in a particular timeshare plan; and
(ii) is in the business of selling timeshare interests or employs a sales agent to sell timeshare interests. See Texas Property Code 221.002