Sec. 221.104. DISCLOSURE OF AUTHORIZED USE OF TIMESHARE INTEREST. (a) A person subject to this subchapter who enters into an agreement with a timeshare interest owner to facilitate the transfer or termination of a timeshare interest shall disclose in writing to the timeshare interest owner the name of any person, other than the timeshare interest owner, who may occupy, rent, exchange, or otherwise use the timeshare interest during the term of the agreement.
(b) If a person is authorized to occupy, rent, exchange, or otherwise use the timeshare interest during the term of the agreement, the agreement must state the name of each person receiving consideration for the occupation, rent, exchange, or use of the timeshare interest.
Added by Acts 2015, 84th Leg., R.S., Ch. 554 (H.B. 2261), Sec. 2, eff. September 1, 2015.
Structure Texas Statutes
Title 12 - Miscellaneous Shared Real Property Interests
Chapter 221 - Texas Timeshare Act
Subchapter J. Service Agreements to Transfer or Terminate a Timeshare Interest
Section 221.101. Transfer or Termination of Timeshare Interest
Section 221.102. Applicability
Section 221.103. General Disclosures Required
Section 221.104. Disclosure of Authorized Use of Timeshare Interest
Section 221.105. Disclosures Relating to Payment of Fees for Transfer Services
Section 221.106. Required Notice for Transfer Services
Section 221.107. Required Notice for Termination Services
Section 221.109. Duty of Good Faith Regarding Transfer or Termination Services