Sec. 221.037. ALTERNATIVE TERMINOLOGY OR NAME. (a) In providing the disclosures required by this chapter, the use of the terms "vacation ownership interest" or "vacation ownership plan" to refer to the timeshare interest or plan offered by the developer, or the use of other terms that are substantially similar and that are regularly used by the developer to denote a timeshare interest or plan, is sufficient and complies with the requirements of this chapter.
(b) In providing the full name of a developer or a marketing company as required by this chapter, the disclosure of an assumed name of the developer or the marketing company, if the entity has complied with the requirements of the applicable assumed business names statutes or other laws regarding the use of the assumed name, is sufficient and complies with this chapter.
Added by Acts 2009, 81st Leg., R.S., Ch. 279 (S.B. 1036), Sec. 3, eff. September 1, 2009.
Structure Texas Statutes
Title 12 - Miscellaneous Shared Real Property Interests
Chapter 221 - Texas Timeshare Act
Section 221.031. Advertisements and Promotions
Section 221.032. Timeshare Disclosure Statement
Section 221.033. Exchange Disclosure Statement
Section 221.034. Exempt Offerings and Dispositions; Communications
Section 221.035. Supervisory Duties of Developer
Section 221.036. Developer Preparation and Completion of Documents