Section 221.073 - Penalty(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.Tex. Prop. Code § 221.073
Amended By Acts 2005, 79th Leg., Ch. 539, Sec. 13, eff. 1/15/2006.Amended by Acts 1999, 76th Leg., ch. 1382, Sec. 9, eff. 6/19/1999.Added by Acts 1989, 71st Leg., ch. 381, Sec. 6, eff. 6/14/1989.