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Florida Legislature Passes Representative Eagle’s Timeshares Bill

Posted Friday, May 10th, 2013

On the last day of session, the Florida Senate passed Representative Eagle’s timeshares condominium legislation, CS/HB 7025, which was unanimously passed by the House earlier. Among its many provisions, the bill exempts timeshare condominiums from certain Condominium Act balloting and notice requirements relating to election of boards of directors. It also amends the definition of “timeshare estate” to clarify that it includes “indirect” as well as “direct” interests in a timeshare trust. It also makes changes to the nonjudicial foreclosure process and increases regulation of timeshare transfer services, including requiring written contracts, escrow of consumer funds, and prohibiting transfers to persons or entities with no ability or intent to pay maintenance obligations.  HGS attorneys, Brian Bibeau and Gary Hunter, successfully lobbied for the passage of this bill, working closely with the bill sponsors, Representative Eagle and Senator Stargel, and numerous interested stakeholders.

For more information, please contact Brian Bibeau or Gary Hunter.

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