Managing Agents

(1) Each managing agent shall furnish on the form prescribed by the Commission the following information: (a) Its principal office address and telephone number. (b) The name of its responsible managing employee. (c) The time-share program(s) that it is managing. (d) The name and address of the developer of such time-share program(s). (e) The name and address of the financial institution in which the managing agent deposits funds collected from time-share interval owners for common expenses and maintenance repairs. (2) The managing agent shall promptly report to the Commission any change in the information submitted under this rule.