417-334-8787

FLORIDA HB 7025 IS IN EFFECT

CS/HB 7025: Timeshares Track This Bill View Bill Summary Glossary of Legislative Terms GENERAL BILL by Regulatory Affairs Committee ; Business and Professional Regulation Subcommittee ; Eagle Timeshares; Specifies that certain provisions relating to condominium board elections do not apply to timeshare condominiums; revises formula requirements for calculating reserves for accommodations & facilities of real property timeshare plans; requires successor in interest to be listed as owner of timeshare interest under certain conditions; requires estoppel letter in certain timeshare resale transfer transactions; prohibits certain activities related to offering timeshare interest transfer services; requires resale transfer agreements to contain specified information; requires establishment of escrow account for certain purposes; provides requirements & duties of escrow agent; providing penalties; revises procedure for trustee foreclosure of assessment & mortgage liens; revises conditions under which trustee may sell foreclosed encumbered timeshare interest; revises & provides notice requirements; provides for perfection of notice; provides requirements for notice of lis pendens; provides exceptions for actions for failure to follow trustee foreclosure procedure. Last Action: 06/13/2013 Chapter No. 2013-159, companion bill(s) passed, see CS/CS/CS/HB 73 (Ch. 2013-188) Effective Date: July 1, 2013 http://www.flsenate.gov/Session/Bill/2013/7025/BillText/Filed/PDF http://www.flsenate.gov/Session/Bill/2013/7025/BillText/c1/PDF http://www.flsenate.gov/Session/Bill/2013/7025/BillText/e1/PDF http://www.flsenate.gov/Session/Bill/2013/7025/BillText/er/PDF Bill History Related Bills (3) Bill Text (4) Amendments (6) Analyses (3) Vote History (2) Citations (9) Bill Text H 7025 02/20/2013 at 5:23 PM PDF H 7025 c1 03/26/2013 at 8:33 AM PDF H 7025 e1 04/24/2013 at 6:15 PM PDF H 7025 er 05/03/2013 at 1:36 PM PDF

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