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CS/HB 575: Vacation and Timeshare Plans

GENERAL BILL by Regulatory Reform Subcommittee ; McClain

Vacation and Timeshare Plans; Revises provisions relating to vacation & timeshare plans, including public offering statements; delivery methods, including electronically; incidental benefits; cancellation rights of purchaser; termination of timeshare plans, termination trustees, disputes relating to distribution of funds after termination; electronic meetings; emergency powers of managing entity or board of administration for owners' association; multisite timeshare plans; & trustee foreclosures of assessment & mortgage liens.

Effective Date: upon becoming a law
Last Action: 3/14/2022 House - Died in Commerce Committee
Bill Text: PDF

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  • Bill History

    Date Chamber Action
    11/10/2021 House • Filed
    12/6/2021 House • Referred to Regulatory Reform Subcommittee
    • Referred to Civil Justice & Property Rights Subcommittee
    • Referred to Commerce Committee
    • Now in Regulatory Reform Subcommittee
    1/11/2022 House • 1st Reading (Original Filed Version)
    2/1/2022 House • PCS added to Regulatory Reform Subcommittee agenda
    2/3/2022 House • Favorable with CS by Regulatory Reform Subcommittee
    2/4/2022 House • Reported out of Regulatory Reform Subcommittee
    • Laid on Table under Rule 7.18(a)
    • CS Filed
    • 1st Reading (Committee Substitute 1)
    2/7/2022 House • Referred to Civil Justice & Property Rights Subcommittee
    • Referred to Commerce Committee
    • Now in Civil Justice & Property Rights Subcommittee
    2/14/2022 House • Added to Civil Justice & Property Rights Subcommittee agenda
    2/16/2022 House • Favorable by Civil Justice & Property Rights Subcommittee
    • Reported out of Civil Justice & Property Rights Subcommittee
    • Now in Commerce Committee
    3/12/2022 House • Indefinitely postponed and withdrawn from consideration
    3/14/2022 House • Died in Commerce Committee

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  • CS/HB 575, Committee Substitute 1 (Current Bill Version) Posted 2/4/2022 at 11:34 AM

    Bill Text:   PDF
    Analyses:   Civil Justice and Property Rights Subcommittee (Post-Meeting) 2/16/2022 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    S 1216 Vacation and Timeshare Plans Hutson Similar Last Action: 3/14/2022 S Died in Community Affairs

    Citations - Statutes (15)

    Citation Catchline Location in Bill Location In Bill Help
    721.07 Public offering statement. Page 4 (pdf)
    721.075 Incidental benefits. Page 6 (pdf)
    721.09 Reservation agreements; escrows. Page 40 (pdf)
    721.10 Cancellation. Page 11 (pdf)
    721.11 Advertising materials; oral statements. Page 12 (pdf)
    721.111 Prize and gift promotional offers. Page 41 (pdf)
    721.125 Termination of timeshare plans. Page 14 (pdf)
    721.13 Management. Page 19 (pdf)
    721.131 Page 20 (pdf)
    721.55 Multisite timeshare plan public offering statement. Page 24 (pdf)
    721.551 Delivery of multisite timeshare plan purchaser public offering statement. Page 26 (pdf)
    721.82 Definitions. Page 27 (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 33 (pdf)
    721.86 Miscellaneous provisions. Page 39 (pdf)

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  • HB 575, Original Filed Version Posted 11/10/2021 at 2:40 PM

    Bill Text:   PDF
    Analyses:   Regulatory Reform Subcommittee (Post-Meeting) 2/4/2022 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    S 1216 Vacation and Timeshare Plans Hutson Similar Last Action: 3/14/2022 S Died in Community Affairs

    Citations - Statutes (17)

    Citation Catchline Location in Bill Location In Bill Help
    721.03 Scope of chapter. Page 4 (pdf)
    721.07 Public offering statement. Page 5 (pdf)
    721.075 Incidental benefits. Page 7 (pdf)
    721.09 Reservation agreements; escrows. Page 43 (pdf)
    721.10 Cancellation. Page 12 (pdf)
    721.11 Advertising materials; oral statements. Page 13 (pdf)
    721.111 Prize and gift promotional offers. Page 44 (pdf)
    721.125 Termination of timeshare plans. Page 15 (pdf)
    721.13 Management. Page 20 (pdf)
    721.131 Page 21 (pdf)
    721.52 Definitions. Page 26 (pdf)
    721.55 Multisite timeshare plan public offering statement. Page 26 (pdf)
    721.551 Delivery of multisite timeshare plan purchaser public offering statement. Page 29 (pdf)
    721.82 Definitions. Page 29 (pdf)
    721.855 Procedure for the trustee foreclosure of assessment liens. Page 30 (pdf)
    721.856 Procedure for the trustee foreclosure of mortgage liens. Page 36 (pdf)
    721.86 Miscellaneous provisions. Page 42 (pdf)

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