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House Bill 1045 |
House Author: Goolsby |
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Effective: 1-15-06 |
Senate Sponsor: Wentworth |
House Bill 1045 amends the Texas Timeshare Act in the Property Code. It includes provisions relating to the duties of the Texas Real Estate Commission to administer the act, responsibilities of owners and developers, advertisements and promotions, disclosure statements, exempt offerings, contract requirements and the purchaser's right to cancel, liability of exchange companies, escrow and trust accounts, annual fees and expense statements, entities that manage multiple properties, and record retention.