PERMANENT RULES
Date of Adoption: March 24, 2004.
Purpose: Amend chapter 308-127 WAC, regulating timeshares. To streamline department processes and eliminate the need for a license to be printed.
Citation of Existing Rules Affected by this Order: Amending WAC 308-127-140 Expiration and renewal of timeshare offering registration, 308-127-160 Fees, and 308-127-225 Original application, renewal, terminations, and fees for a timeshare salesperson registration.
Statutory Authority for Adoption: RCW 64.36.270, 43.24.023.
Adopted under notice filed as WSR 04-05-098 on February 18, 2004.
Number of Sections Adopted in Order to Comply with Federal Statute: New 0, Amended 0, Repealed 0; Federal Rules or Standards: New 0, Amended 0, Repealed 0; or Recently Enacted State Statutes: New 0, Amended 0, Repealed 0.
Number of Sections Adopted at Request of a Nongovernmental Entity: New 0, Amended 0, Repealed 0.
Number of Sections Adopted on the Agency's Own Initiative: New 0, Amended 3, Repealed 0.
Number of Sections Adopted in Order to Clarify, Streamline, or Reform Agency Procedures: New 0, Amended 3, Repealed 0.
Number of Sections Adopted Using Negotiated Rule Making:
New 0,
Amended 0,
Repealed 0;
Pilot Rule Making:
New 0,
Amended 0,
Repealed 0;
or Other Alternative Rule Making:
New 0,
Amended 3,
Repealed 0.
Effective Date of Rule:
Thirty-one days after filing.
March 24, 2004
Trudie Touchette
Administrator
OTS-6965.1
AMENDATORY SECTION(Amending WSR 90-07-023, filed 3/14/90,
effective 4/14/90)
WAC 308-127-140
Expiration and renewal of timeshare
offering registration.
A timeshare offering registration
shall expire one year from the date of ((issuance of the))
approval for registration, or at the time the promoter sells
the total number of intervals registered as available to be
sold to persons residing in the state of Washington, whichever
event occurs first. To continue offering the timeshare
project in this state, a promoter shall file for renewal of
its timeshare offering registration no later than thirty days
prior to expiration of the registration. Failure to renew
within six months after the renewal date shall result in the
termination of the registration and all fees for an original
application for registration shall apply.
[Statutory Authority: RCW 43.24.086. 90-07-023, § 308-127-140, filed 3/14/90, effective 4/14/90. Statutory Authority: 1983 1st ex.s. c 22 §§ 6 and 26. 83-24-057 (Order 733 DOL), § 308-127-140, filed 12/6/83.]
| (1) | Registration application fees: | ||
| Start up timeshare program including one project. | $1500.00 | ||
| Each additional project in program. | 500.00 | ||
| Each apartment unit in program. | 50.00 | ||
| The first unit of personal property in the timeshare program. | 1000.00 | ||
| Each additional unit of personal property in the timeshare program. | 100.00 | ||
| Businesses of listing or brokering resale intervals. | 500.00 | ||
| (2) | Interval Fees: | ||
| For each interval through one thousand. | 1.00 | ||
| Intervals beyond one thousand. | 0.00 | ||
| Each monthly filing of listings of resale intervals (in lieu of interval fees for resale intervals). | 10.00 | ||
| (3) | Renewal fees: | ||
| Timeshare program including one project. | 1000.00 | ||
| Late renewal fee for timeshare program. | 2000.00 | ||
| Each additional project to a maximum of five projects. | 350.00 | ||
| Each apartment unit - to maximum of twenty-five apartment units. | 50.00 | ||
| (4) | Consolidation fees: | ||
| Each additional project added. | 500.00 | ||
| Each additional apartment unit. | 50.00 | ||
| The first additional unit of personal property being consolidated. | 500.00 | ||
| Each additional unit of personal property added in one consolidation. | 100.00 | ||
| (5) | Exemption fees: | ||
| Programs consisting of a single apartment unit in a single project with fifty-two or fewer intervals. | 250.00 | ||
| All other types of programs. | 1000.00 | ||
| (6) | Impound fees: | ||
| Initial establishment of an impound, escrow, trust, or other arrangement requiring a depositary. | 500.00 | ||
| Each required periodic report. | 50.00 | ||
| (7) | Advertising fees: | ||
| Each initial submission of advertisement whether or not submitted in a timely manner, and whether or not in use at the time of payment. | 100.00 | ||
| Examination of advertisement which are for the purpose of marketing surveys and not involving an examination of project or program instruments. | 150.00 | ||
| (8) | Fees for persons in the business of offering commercial promotional programs: | ||
| Registration of individual. | 500.00 | ||
| (9) | Salespersons fees: | ||
| Registration. | 50.00 | ||
| Renewal. | 50.00 | ||
| Transfer. | 50.00 | ||
| (( |
|||
| (10) | Fees for amendment of registration: | ||
| For a timely submission of an amendment filing. | 50.00 | ||
| Penalty fee for failure to file an amendment within twenty days of the occurrence of a materially adverse change. | 500.00 | ||
| (11) | Inspection fees: | ||
| Applicants and registrants shall pay the cost of inspections conducted pursuant to chapter 64.36 RCW. The inspection fees shall be paid prior to the granting of a registration or consolidation. The inspection fee shall be the actual cost to the department for conducting of the inspection. | |||
[Statutory Authority: RCW 64.36.081 and 43.24.086. 02-15-169, § 308-127-160, filed 7/23/02, effective 1/1/03. Statutory Authority: RCW 43.24.086. 90-07-023, § 308-127-160, filed 3/14/90, effective 4/14/90.]
(2) ((The registration of a timeshare salesperson shall
be retained at all times by the timeshare promoter.)) When a
timeshare salesperson ceases to be employed by a timeshare
promoter the salesperson's registration shall be terminated. Written notice of this termination shall be given by the
promoter to the director ((and this notice shall be
accompanied by the timeshare salesperson's registration)). A
terminated individual who desires to work for the same or
another promoter shall apply for and receive registration as a
timeshare salesperson before engaging in further timeshare
sales activities.
(3) An individual may renew his timeshare salesperson registration for one year if the agency receives the individual's request and renewal fee on or before the expiration of the individual's existing registration. The effective date of the renewal shall be the anniversary date of the previous registration. If the registration is not renewed before the expiration date reregistration is required before timeshare sales activity may be continued.
(4) An application for registration or a renewal of
registration is not complete unless it is accompanied by the
proper fee. Payment of the fee with a check which is
subsequently dishonored is a deficient application. Upon
notification to the promoter by the agency, the promoter shall
((return the registration and)) cease employment of the
applicant as a timeshare salesperson.
[Statutory Authority: RCW 43.24.086. 90-07-023, § 308-127-225, filed 3/14/90, effective 4/14/90.]