(a)

1. (1) Each developer shall file with the Arkansas Real Estate Commission the name, street address, mailing address, and telephone number of each:

   1. (A) Acquisition agent;
   2. (B) Managing agent;
   3. (C) Sales agent;
   4. (D) Exchange agent; and
   5. (E) Responsible managing employee for each of said agents associated with each time-share plan.
2. (2) Should any of the information contained in this list change, then the developer shall notify the commission of such change within two (2) weeks of such change.

(b)

1. (1) A developer shall amend or supplement its registration to report any material change in the information required by Arkansas Code § 18-14-204.
2. (2) Such amendment or supplementation shall be made within forty-five (45) days of the occurrence of the material change.

3. (3) "Material change" means any change that:

   1. (A) Alters the meaning or effect of an instrument or information; or
   2. (B) Affects the rights or liabilities of any time-share owner or any potential time-share purchaser.