La. Admin. Code tit. 46 § LXVII-5701

Current through Register Vol. 50, No. 12, December 20, 2024

Section LXVII-5701 - Requirements for Processing

A. Every applicant for initial registration as a timeshare developer or timeshare salesperson shall submit to the commission a fully completed application on a form provided by the commission accompanied by the prescribed fees.

B. Every application for an initial timeshare salesperson registration shall contain the name of the developer for whom the applicant will be working following registration and shall be signed by a designated representative of that developer.

C. Applicants for registration as timeshare developers shall submit the following to the commission at the time of filing for registration:

1. sample copies of the conveyance and financing forms and, when applicable, copies of the public offering statement and a certified copy of the timeshare declaration;

2. when applicable, an affidavit, signed by the chief executive officer or managing partner of the developer and by any natural person having an ownership interest exceeding 10 percent in either the developer or entities which control it, that states under penalty of perjury that the affiant has read the timeshare declaration and all attached documents, and that they are true and correct.

La. Admin. Code tit. 46, § LXVII-5701

Promulgated by the Department of Economic Development, Real Estate Commission, LR 26:60 (January 2000), repromulgated by the Office of the Governor, Real Estate Commission, LR 37:3023 (October 2011).

AUTHORITY NOTE: Promulgated in accordance with R.S. 37:1431 et seq.