81st Texas Legislature, House Bill 1036, Chapter 279 Page: 10 of 16
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S.B. No. 1036
1 purchasers of the multisite timeshare plan;
2 (20) if applicable, a statement that the assessments
3 collected from the purchasers may be placed in a common account with
4 the assessments collected from the purchasers of other timeshare
5 properties managed by the same managing entity;
6 (21) any current fees or charges to be paid by
7 timeshare purchasers for the use of any amenities related to the
8 timeshare plan and a statement that the fees or charges are subject
9 to change;
10 (22) any initial or special fee due from the purchaser
11 at closing, together with a description of the purpose of and method
12 of calculating the fee;
13 (23) a description of the purchaser's liability for
14 any fees associated with the multisite timeshare plan;
15 (24) a description of any lien, defect, or encumbrance
16 on or affecting title to the timeshare interest and, if applicable,
17 a copy of each written warranty provided by the developer;
18 (25) the extent to which a timeshare interest may
19 become subject to a tax lien or other lien arising out of claims
20 against purchasers of different timeshare interests;
21 (26) a description of those matters required by
22 Section 221.041;
23 (27) a description of any financing offered by or
24 available through the developer;
25 (28) a description of any bankruptcy that is pending
26 or that has occurred within the past five years, pending civil or
27 criminal suits, adjudications, or disciplinary actions material to10
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Texas. Legislature. Senate. 81st Texas Legislature, House Bill 1036, Chapter 279, legislative document, May 30, 2009; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth149270/m1/10/: accessed April 25, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.