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Chapter 221

Texas Timeshare Act

Subchapter A. General Provisions

221.001 Short Title 221.002 Definitions 221.003 Applicability 221.004 Conflicts of Law

Subchapter B. Creation of Timeshare Regime

221.011 Declaration 221.012 Conveyance and Encumbrance 221.013 Common Ownership 221.014 Partition

Subchapter C. Registration

221.021 Registration Required 221.022 Application for Registration 221.023 Amendment of Registration 221.024 Powers of Commission 221.0245 Complaint Investigation 221.025 Effect of Registration on Other Laws: Exemption from Certain Laws 221.026 Issuance and Renewal of Registration 221.027 Temporary Suspension 221.028 Denial of Registration Renewal

Subchapter D. Disclosure

221.031 Advertisements and Promotions 221.032 Timeshare Disclosure Statement 221.033 Exchange Disclosure Statement 221.034 Exempt Offerings and Dispositions; Communications 221.035 Supervisory Duties of Developer 221.036 Developer Preparation and Completion of Documents 221.037 Alternative Terminology or Name

Subchapter E. Cancellation of Purchase Contract

221.041 Purchaser's Right to Cancel 221.042 Notice; Refund 221.043 Contract Requirements

Subchapter F. Exchange Program

221.051 Operation Requirement 221.052 Liability of Developer and Exchange Company 221.053 Exchange Company Liability

Subchapter G. Escrow Deposits

221.061 Escrow or Trust Account Required 221.062 Release of Escrow 221.063 Alternative to Escrow or Trust Account: Financial Assurance 221.064 Documentation Required

Subchapter H. Miscellaneous Provisions

221.071 Deceptive Trade Practices 221.072 Insurance 221.073 Penalty 221.074 Annual Timeshare Fee and Expense Statement 221.075 Civil Penalty for Late Statement; Injunction 221.076 Managing Entities That Manage More Than One Timeshare Property 221.077 Availability of Books and Records; Records Retention

Subchapter I. Timeshare Owners' Associations

221.081 Applicability 221.082 Powers and Limitations of Board 221.083 Period of Developer Control 221.084 Election of Initial Board Members and Officers 221.085 Removal of Board Members 221.086 Quorum 221.087 Votes 221.088 Open Meetings; Exceptions 221.089 Notice 221.090 Duties; List of Owners

Subchapter J. Service Agreements to Transfer or Terminate a Timeshare Interest

221.101 Transfer or Termination of Timeshare Interest 221.102 Applicability 221.103 General Disclosures Required 221.104 Disclosure of Authorized Use of Timeshare Interest 221.105 Disclosures Relating to Payment of Fees for Transfer Services 221.106 Required Notice for Transfer Services 221.107 Required Notice for Termination Services 221.108 Reliance 221.109 Duty of Good Faith Regarding Transfer or Termination Services 221.110 Deceptive Trade Practices 221.111 Supervisory Duties