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FL S0496
Bill
Status
Introduced
2/5/2025
Primary Sponsor
Regulated Industries
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AI Summary
- Exempts timeshare management firms and their licensed employees from the conflict-of-interest provisions (s. 468.4335) that apply to community association managers, instead subjecting them to timeshare-specific regulations under chapter 721
- Requires timeshare management firms and their employees to discharge duties in good faith with ordinary prudence, and exempts them from monetary damages liability unless conduct involves criminal law violations, improper personal benefit, bad faith, or wanton disregard of rights
- Requires the board of administration of a timeshare condominium to meet only once per year, unless additional meetings are called pursuant to a timeshare instrument, notwithstanding chapter 718 (condominium law) requirements
- Mandates annual disclosure to owners' association members when a timeshare management firm or owners' association provides goods or services through a parent, affiliate, or subsidiary, with disclosure permitted via budget notes, management contract, mail, meeting notices, website, or other owner communications
- Removes the existing requirement that managing entities performing community association management comply with part VIII of chapter 468, and takes effect July 1, 2025
Legislative Description
Timeshare Management Firms
Last Action
Laid on Table, companion bill(s) passed, see CS/HB 897 (Ch. 2025-142)
4/28/2025
Committee Referrals
Fiscal Policy4/15/2025
Appropriations Subcommittee on Agriculture, Environment, and General Government4/3/2025
Full Bill Text
No bill text available