By:  Staples                                                      S.B. No. 1647

A BILL TO BE ENTITLED
AN ACT
relating to a timeshare developer's ability to complete certain documents. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Subchapter D, Chapter 221, Property Code, is amended by adding Section 221.036 to read as follows: Sec. 221.036. DEVELOPER PREPARATION AND COMPLETION OF DOCUMENTS. (a) A developer may charge a reasonable fee for completion of a contract form, closing document, or disclosure document required for the sale, exchange, option, lease, or rental of a timeshare interest. (b) The action of a developer under Subsection (a) does not constitute the unauthorized or illegal practice of law in this state if the contract or document has been: (1) accepted by the commission for use in the particular type of transaction involved; or (2) prepared by an attorney licensed to practice law in this state for use in the particular type of transaction involved. SECTION 2. This Act takes effect immediately if it receives a vote of two-thirds of all the members elected to each house, as provided by Section 39, Article III, Texas Constitution. If this Act does not receive the vote necessary for immediate effect, this Act takes effect September 1, 2003.