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Texas Property Code - PROP § 221.073. Penalty

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) A developer subject to this chapter commits an offense if the developer offers or disposes of a timeshare interest in a timeshare property which has not been registered with the commission.

(b) It is not a violation of this section for a developer subject to this chapter to accept reservations and deposits from prospective purchasers in accordance with Section 221.021(b) or (d).

(c) An offense under this section is a Class A misdemeanor.  A person may not be prosecuted for more than one offense involving the same promotion, even if mailed or distributed to more than one person.

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Cite this article: FindLaw.com - Texas Property Code - PROP § 221.073. Penalty - last updated January 01, 2024 | https://codes.findlaw.com/tx/property-code/prop-sect-221-073/

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