Final answer:
Yes, an applicant who has made a false statement of material fact on his application can be refused a timeshare interest sales registration.
Step-by-step explanation:
Yes, an applicant who has made a false statement of material fact on his application can be refused a timeshare interest sales registration. This is because making a false statement on an application is considered fraudulent behavior and can result in legal consequences.
Timeshare interest sales registrations require applicants to provide accurate and truthful information about themselves and the property or project they are selling. Providing false information can deceive potential buyers and harm the integrity of the timeshare industry.
Refusing registration to applicants who have made false statements helps protect consumers and maintain the credibility of the timeshare market.