Wednesday, October 22, 2014

CS/HB 7025 - Timeshares

General Bill   by Regulatory Affairs Committee and Business & Professional Regulation Subcommittee and 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.
Effective Date: July 1, 2013
Last Event: Chapter No. 2013-159; companion bill(s) passed, see CS/CS/CS/HB 73 (Ch. 2013-188) on Thursday, June 13, 2013 9:09 AM
Date Available for Final Passage: Friday, April 26, 2013 1:35 PM
Recommending committee actions by:
   Business & Professional Regulation Subcommittee
  On agenda for: 02/20/13   9:00 AM Notice
     Favorable (final action) See Votes

Referred Committees and Committee Actions

House Referrals

    -   Civil Justice Subcommittee
           On agenda for: 03/13/13 12:00 PM              Notice
        Favorable (final action)              See Votes
 
    -   Regulatory Affairs Committee
           On agenda for: 03/22/13 8:30 AM              Notice
        Favorable With Committee Substitute (final action)              See Votes
 

Related Bills

Bill # Subject Relationship
CS/CS/CS/HB 73 Residential Properties Compare
CS/CS/CS/SB 436 Residential Properties Compare
CS/SB 696 Timeshares Compare

Bill Text

Enrolled  
Engrossed 1 
Committee Substitute 1  
566523 , Eagle Date Filed: 04/23/13, Line#: 298 House: Adopted 4/24/2013 1:35:06 PM
232465 , Eagle, Mayfield Date Filed: 04/23/13, Line#: 451 House: Adopted 4/24/2013 1:35:39 PM
Original Filed Version  
374855 , Eagle (RAC) Date Filed: 03/21/13, Line#: 265 House(c): Adopted 3/22/2013 2:13:31 PM
693361 , Eagle (RAC) Date Filed: 03/21/13, Line#: 414 House(c): Adopted as Amended 3/22/2013 2:13:31 PM
AA 216325 , Mayfield (RAC) Date Filed: 03/22/13, Line#: 232 House(c): Adopted 3/22/2013 2:13:31 PM
672263 , Eagle (RAC) Date Filed: 03/21/13, Line#: 1004 House(c): Adopted 3/22/2013 2:13:31 PM
PCB Text

Staff Analysis

Vote History

Chamber Date Yeas Nays Action Action 2 Vote Detail Barcode
House 04/25/2013 09:51 AM   116 0 Passage Vote [Seq# 262]
Senate 05/03/2013 10:31 AM   38 1 Vote [Seq# 5]

Bill History

Event Time Member Committee
Chapter No. 2013-159; companion bill(s) passed, see CS/CS/CS/HB 73 (Ch. 2013-188) Thursday, June 13, 2013 9:09 AM
Approved by Governor Wednesday, June 12, 2013 6:19 PM
Signed by Officers and presented to Governor Monday, June 03, 2013 12:48 PM
Ordered enrolled Friday, May 03, 2013 11:23 AM
In Messages Friday, May 03, 2013 11:23 AM
05/03/13 S CS passed; YEAS 38 NAYS 1 -SJ 1055 Friday, May 03, 2013 10:31 AM
05/03/13 S Read 3rd time -SJ 1055 Friday, May 03, 2013 10:30 AM
05/02/13 S Placed on 3rd reading Thursday, May 02, 2013 2:30 PM
05/02/13 S Read 2nd time -SJ 1019 Thursday, May 02, 2013 2:30 PM
05/02/13 S Substituted for CS/SB 696 -SJ 1019 Thursday, May 02, 2013 2:29 PM
05/02/13 S Placed on Calendar, on 2nd reading -SJ 1019 Thursday, May 02, 2013 2:29 PM
05/02/13 S Withdrawn from Judiciary; Regulated Industries -SJ 1019 Thursday, May 02, 2013 2:29 PM
04/25/13 S Received -SJ 672 Thursday, April 25, 2013 8:15 PM
04/25/13 S Referred to Judiciary; Regulated Industries -SJ 671 Thursday, April 25, 2013 7:21 PM
04/25/13 S In Messages Thursday, April 25, 2013 10:31 AM
Message sent to senate Thursday, April 25, 2013 10:30 AM
Passage on third reading Thursday, April 25, 2013 9:51 AM
CS passed as amended; YEAS 116, NAYS 0 Thursday, April 25, 2013 9:50 AM
Read 3rd time Thursday, April 25, 2013 9:48 AM
Added to Third Reading Calendar Wednesday, April 24, 2013 9:23 PM
Placed on 3rd reading Wednesday, April 24, 2013 1:35 PM
Amendment 232465 adopted Wednesday, April 24, 2013 1:35 PM
Amendment 566523 adopted Wednesday, April 24, 2013 1:35 PM
Read 2nd time Wednesday, April 24, 2013 1:32 PM
Amendment 232465 filed Tuesday, April 23, 2013 1:35 PM
Amendment 566523 filed Tuesday, April 23, 2013 1:00 PM
Bill added to Special Order Calendar (4/24/2013) Monday, April 22, 2013 6:21 PM
Added to Second Reading Calendar Wednesday, March 27, 2013 9:03 PM
1st Reading Wednesday, March 27, 2013 9:03 PM
Bill referred to House Calendar Wednesday, March 27, 2013 2:30 PM
CS Filed Tuesday, March 26, 2013 8:33 AM
Laid on Table under Rule 7.19(a) Tuesday, March 26, 2013 8:33 AM
Reported out of Regulatory Affairs Committee Monday, March 25, 2013 7:43 PM Regulatory Affairs Committee
Favorable with CS by Regulatory Affairs Committee Friday, March 22, 2013 10:00 AM Regulatory Affairs Committee
Added to Regulatory Affairs Committee agenda Wednesday, March 20, 2013 4:20 PM Regulatory Affairs Committee
Now in Regulatory Affairs Committee Wednesday, March 13, 2013 9:25 PM Regulatory Affairs Committee
Reported out of Civil Justice Subcommittee Wednesday, March 13, 2013 9:25 PM Civil Justice Subcommittee
Favorable by Civil Justice Subcommittee Wednesday, March 13, 2013 4:00 PM Civil Justice Subcommittee
Added to Civil Justice Subcommittee agenda Monday, March 11, 2013 4:18 PM Civil Justice Subcommittee
1st Reading Tuesday, March 05, 2013 11:59 PM
Now in Civil Justice Subcommittee Monday, March 04, 2013 5:58 PM Civil Justice Subcommittee
Referred to Regulatory Affairs Committee Monday, March 04, 2013 5:58 PM Regulatory Affairs Committee
Referred to Civil Justice Subcommittee Monday, March 04, 2013 5:58 PM Civil Justice Subcommittee
Filed Wednesday, February 20, 2013 5:23 PM Business & Professional Regulation Subcommittee

Statutes Referenced by this Bill

718.112
721.05
721.07
721.15
721.17
721.82
721.84
721.855
721.856
 

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