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CS/HB 7025: Timeshares

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.

Effective Date: 7/1/2013
 Last Action: 6/13/2013 - Chapter No. 2013-159, companion bill(s) passed, see CS/CS/CS/HB 73 (Ch. 2013-188)
Bill Text: PDF

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  • Bill History

    Date Chamber Action
    2/20/2013 House • Filed
    3/4/2013 House • Referred to Civil Justice Subcommittee; Regulatory Affairs Committee -HJ 140
    3/5/2013 House • Introduced -HJ 140
    3/11/2013 House • On Committee agenda-- Civil Justice Subcommittee, 03/13/13, 12:00 pm, 404 HOB
    3/13/2013 House • Favorable by Civil Justice Subcommittee; YEAS 12 NAYS 0 -HJ 248
    • Now in Regulatory Affairs Committee -HJ 248
    3/20/2013 House • On Committee agenda-- Regulatory Affairs Committee, 03/22/13, 8:30 am, 404 HOB
    3/22/2013 House • CS by- Regulatory Affairs Committee; YEAS 18 NAYS 0 -HJ 356
    3/26/2013 House • Pending review of CS -under Rule 7.19(c)
    3/27/2013 House • Placed on Calendar -HJ 356
    • CS by Regulatory Affairs Committee read 1st time -HJ 354
    4/22/2013 House • Placed on Special Order Calendar, 04/24/13
    4/24/2013 House • Read 2nd time -HJ 766
    • Amendment(s) adopted (232465, 566523) -HJ 767
    • Placed on 3rd reading
    4/25/2013 House • Read 3rd time -HJ 835
    • CS passed as amended; YEAS 116 NAYS 0 -HJ 835
    4/25/2013 Senate • In Messages
    • Referred to Judiciary; Regulated Industries -SJ 671
    • Received -SJ 672
    5/2/2013 Senate • Withdrawn from Judiciary; Regulated Industries -SJ 1019
    • Placed on Calendar, on 2nd reading -SJ 1019
    • Substituted for CS/SB 696 -SJ 1019
    • Read 2nd time -SJ 1019
    • Placed on 3rd reading
    5/3/2013 Senate • Read 3rd time -SJ 1055
    • CS passed; YEAS 38 NAYS 1 -SJ 1055
    5/3/2013 House • Ordered enrolled -HJ 1470
    6/3/2013 • Signed by Officers and presented to Governor
    6/12/2013 • Approved by Governor
    6/13/2013 • Chapter No. 2013-159, companion bill(s) passed, see CS/CS/CS/HB 73 (Ch. 2013-188)

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  • CS/HB 7025, Enrolled (Current Bill Version) Posted 5/3/2013 at 1:36 PM

    Bill Text:   PDF
    Analyses:   Business and Professional Regulation Subcommittee (Post-Meeting) 6/13/2013 (pdf)

    Related Bills (3)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 73 (er) Residential Properties Moraitis Compare Last Action: 6/17/2013 Chapter No. 2013-188, companion bill(s) passed, see CS/HB 7025 (Ch. 2013-159), CS/HB 7119 (Ch. 2013-218), CS/CS/SB 120 (Ch. 2013-122)
    Location: Became Law     		Track This Bill
    S 436 (c3) Residential Properties Altman Compare Last Action: 4/25/2013 S Laid on Table, companion bill(s) passed, see CS/CS/CS/HB 73 (Ch. 2013-188), CS/HB 7025 (Ch. 2013-159), CS/HB 7119 (Ch. 2013-218), CS/CS/SB 120 (Ch. 2013-122) -SJ 615
    Location: Laid on Table     		Track This Bill
    S 696 (c1) Timeshares Stargel Compare Last Action: 5/2/2013 S Laid on Table, companion bill(s) passed, see CS/CS/CS/HB 73 (Ch. 2013-188), CS/HB 7025 (Ch. 2013-159) -SJ 1019
    Location: Laid on Table     		Track This Bill

    Citations - Statutes (9)

    Citation Catchline Location in Bill Location In Bill Help
    718.112 Bylaws. Page 2 (pdf)
    721.05 Definitions. Page 10 (pdf)
    721.07 Public offering statement. Page 11 (pdf)
    721.15 Assessments for common expenses. Page 16 (pdf)
    721.17 Transfer of interest. Page 18 (pdf)
    721.82 Definitions. Page 25 (pdf)
    721.84 Appointment of a registered agent; duties. Page 26 (pdf)
    721.855 Procedure for the trustee foreclosure of assessment liens. Page 27 (pdf)
    721.856 Procedure for the trustee foreclosure of mortgage liens. Page 36 (pdf)

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  • CS/HB 7025, Engrossed 1 Posted 4/24/2013 at 6:15 PM

    Bill Text:   PDF
    Analyses:   None

    Related Bills (3)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 73 (er) Residential Properties Moraitis Compare Last Action: 6/17/2013 Chapter No. 2013-188, companion bill(s) passed, see CS/HB 7025 (Ch. 2013-159), CS/HB 7119 (Ch. 2013-218), CS/CS/SB 120 (Ch. 2013-122)
    Location: Became Law     		Track This Bill
    S 436 (c3) Residential Properties Altman Compare Last Action: 4/25/2013 S Laid on Table, companion bill(s) passed, see CS/CS/CS/HB 73 (Ch. 2013-188), CS/HB 7025 (Ch. 2013-159), CS/HB 7119 (Ch. 2013-218), CS/CS/SB 120 (Ch. 2013-122) -SJ 615
    Location: Laid on Table     		Track This Bill
    S 696 (c1) Timeshares Stargel Compare Last Action: 5/2/2013 S Laid on Table, companion bill(s) passed, see CS/CS/CS/HB 73 (Ch. 2013-188), CS/HB 7025 (Ch. 2013-159) -SJ 1019
    Location: Laid on Table     		Track This Bill

    Floor Votes (2)

    Date Chamber Result
    4/25/2013 9:51 AM House 116 Yeas - 0 Nays
    5/3/2013 10:31 AM Senate 38 Yeas - 1 Nays

    Citations - Statutes (9)

    Citation Catchline Location in Bill Location In Bill Help
    718.112 Bylaws. Page 2 (pdf)
    721.05 Definitions. Page 10 (pdf)
    721.07 Public offering statement. Page 11 (pdf)
    721.15 Assessments for common expenses. Page 16 (pdf)
    721.17 Transfer of interest. Page 18 (pdf)
    721.82 Definitions. Page 25 (pdf)
    721.84 Appointment of a registered agent; duties. Page 26 (pdf)
    721.855 Procedure for the trustee foreclosure of assessment liens. Page 27 (pdf)
    721.856 Procedure for the trustee foreclosure of mortgage liens. Page 36 (pdf)

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  • CS/HB 7025, Committee Substitute 1 Posted 3/26/2013 at 8:33 AM

    Bill Text:   PDF
    Analyses:   None

    Related Bills (3)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 73 (e1) Residential Properties Moraitis Compare Last Action: 6/17/2013 Chapter No. 2013-188, companion bill(s) passed, see CS/HB 7025 (Ch. 2013-159), CS/HB 7119 (Ch. 2013-218), CS/CS/SB 120 (Ch. 2013-122)
    Location: Became Law     		Track This Bill
    S 436 (c3) Residential Properties Altman Compare Last Action: 4/25/2013 S Laid on Table, companion bill(s) passed, see CS/CS/CS/HB 73 (Ch. 2013-188), CS/HB 7025 (Ch. 2013-159), CS/HB 7119 (Ch. 2013-218), CS/CS/SB 120 (Ch. 2013-122) -SJ 615
    Location: Laid on Table     		Track This Bill
    S 696 (c1) Timeshares Stargel Compare Last Action: 5/2/2013 S Laid on Table, companion bill(s) passed, see CS/CS/CS/HB 73 (Ch. 2013-188), CS/HB 7025 (Ch. 2013-159) -SJ 1019
    Location: Laid on Table     		Track This Bill

    Floor Amendments (2)

    Amendment Sponsor Filed Last Floor Action Format
    566523 - Amendment
    Remove line 298 and insert:     		Eagle 4/23/2013
    12:53 PM     		House: Adopted
    4/24/2013     		PDF
    232465 - Amendment
    Remove lines 451-707 and insert:     		Eagle 4/23/2013
    1:34 PM     		House: Adopted
    4/24/2013     		PDF

    Citations - Statutes (9)

    Citation Catchline Location in Bill Location In Bill Help
    718.112 Bylaws. Page 2 (pdf)
    721.05 Definitions. Page 10 (pdf)
    721.07 Public offering statement. Page 11 (pdf)
    721.15 Assessments for common expenses. Page 16 (pdf)
    721.17 Transfer of interest. Page 18 (pdf)
    721.82 Definitions. Page 26 (pdf)
    721.84 Appointment of a registered agent; duties. Page 27 (pdf)
    721.855 Procedure for the trustee foreclosure of assessment liens. Page 28 (pdf)
    721.856 Procedure for the trustee foreclosure of mortgage liens. Page 37 (pdf)

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  • HB 7025, Original Filed Version Posted 2/20/2013 at 5:23 PM

    Bill Text:   PDF
    Analyses:   Civil Justice Subcommittee (Post-Meeting) 3/13/2013 (pdf)
    Regulatory Affairs Committee (Post-Meeting) 3/25/2013 (pdf)

    Related Bills (3)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    S 696 (c1) Timeshares Stargel Identical Last Action: 5/2/2013 S Laid on Table, companion bill(s) passed, see CS/CS/CS/HB 73 (Ch. 2013-188), CS/HB 7025 (Ch. 2013-159) -SJ 1019
    Location: Laid on Table     		Track This Bill
    H 73 (c3) Residential Properties Moraitis Compare Last Action: 6/17/2013 Chapter No. 2013-188, companion bill(s) passed, see CS/HB 7025 (Ch. 2013-159), CS/HB 7119 (Ch. 2013-218), CS/CS/SB 120 (Ch. 2013-122)
    Location: Became Law     		Track This Bill
    S 436 (c2) Residential Properties Altman Compare Last Action: 4/25/2013 S Laid on Table, companion bill(s) passed, see CS/CS/CS/HB 73 (Ch. 2013-188), CS/HB 7025 (Ch. 2013-159), CS/HB 7119 (Ch. 2013-218), CS/CS/SB 120 (Ch. 2013-122) -SJ 615
    Location: Laid on Table     		Track This Bill

    Committee Amendments (4)

    Amendment Sponsor Filed Last Committee Action Format
    374855 - Amendment
    Remove lines 265-276 and insert:     		Eagle 3/21/2013
    7:07 PM     		Adopted
    3/22/2013     		PDF
    693361 - Amendment
    Remove lines 414-415 and insert:     		Eagle 3/21/2013
    8:13 PM     		Adopted as Amended
    3/22/2013     		PDF
    hierarchy 216325 - Amendment to Amendment (693361)
    Remove lines 232-233 of the amendment and insert:     		Mayfield 3/22/2013
    12:00 PM     		Adopted
    3/22/2013     		PDF
    672263 - Amendment
    Remove line 1004 and insert:     		Eagle 3/21/2013
    7:33 PM     		Adopted
    3/22/2013     		PDF

    Citations - Statutes (7)

    Citation Catchline Location in Bill Location In Bill Help
    718.112 Bylaws. Page 2 (pdf)
    721.05 Definitions. Page 10 (pdf)
    721.07 Public offering statement. Page 10 (pdf)
    721.82 Definitions. Page 15 (pdf)
    721.84 Appointment of a registered agent; duties. Page 16 (pdf)
    721.855 Procedure for the trustee foreclosure of assessment liens. Page 17 (pdf)
    721.856 Procedure for the trustee foreclosure of mortgage liens. Page 26 (pdf)

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