HAR §16-106-7. Issuance of registration number

(a) The director shall issue a registration number for each time share plan in consecutive order of acceptance of the plan for registration pursuant to section 514E-10(a), HRS, and section 16-106-4(a). The registration number and the date of acceptance of the plan shall be printed on the upper right-hand corner of the face page of the disclosure statement. (b) The director shall issue a registration number to each acquisition agent, sales agent, OPC, plan manager, and exchange agent in consecutive order of acceptance of the registration application submitted by each applicant pursuant to section 514E-10(b) to (e), HRS, and section 16-106-4(b) to (e). [Eff 11/15/80; am and comp 3/28/85; comp 8/30/85; comp 11/29/85; comp 6/5/87; comp 3/7/88; comp 9/15/90] (Auth: HRS §514E-13) (Imp: HRS §514E-10) §16-106-8 Filing names of employees and independent contractors for acquisition agent and sales agent registration. (a) In accordance with the requirements of section 16-106-4(b) and (c), an acquisition agent and sales agent shall submit to the director an alphabetized list of the names, addresses, and telephone numbers of all employees and independent contractors who will be engaged in selling interests in the time share plan or in contacting persons who may be interested in purchasing these time share interests. The director shall not approve any employee or independent contractor who is not of good character and who does not possess a reputation for honesty, truthfulness, and fair dealing. (b) The director shall, upon registration, issue a pocket identification card to each employee or independent contractor acting as an OPC, which shall be kept in the possession of the employee or independent contractor at all times. (c) Acquisition agents and sales agents shall keep on file a list of names of all current employees and independent contractors, including their mailing addresses, and a list of the names and addresses of all previous employees and independent contractors whose employment or services as an independent contractor have been terminated within the preceding two years. (d) Acquisition agents and sales agents shall notify the director in writing of any personnel changes within twenty days of such change. Failure to notify the director of any personnel changes shall be grounds for cancellation, suspension, or revocation of a registration. 106-28 (e) This section shall not apply to clerical or administrative personnel who have no contact with the public. [Eff 11/15/80; am and comp 3/28/85; comp 8/30/85; comp 11/29/85; am and comp 6/5/87; comp 3/7/88; comp 9/15/90] (Auth: HRS §514E-13) (Imp: HRS §514E-10)