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FL S1408
Bill
Status
1/3/2012
Primary Sponsor
Andy Gardiner
Click for details
AI Summary
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Requires resale service providers to disclose all fees, costs, and payment terms to consumer timeshare resellers before engaging in resale advertising services.
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Prohibits resale advertisers from making unsupported claims about identified buyers, achieved sales, or resale values without providing documentation and success ratios for the previous 2 calendar years.
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Requires written contracts in 12-point type for resale advertising services that include complete service descriptions, itemized costs, and a mandatory 10-day cancellation notice with refund provisions.
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Restricts advance payment collection to $75 or more per 12 months only after a signed contract is received; payments under $75 require only agreement via mail or electronic transmission.
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Establishes civil penalties up to $15,000 per violation and classifies violations as unfair and deceptive trade practices under Florida law; makes resale advertising services in the state subject to court jurisdiction.
Legislative Description
Timeshares
Last Action
Laid on Table, refer to CS/CS/CS/HB 1001 -SJ 1007
3/8/2012