HI HB2019

Permits prospective time share purchasers to receive disclosure statements in printed form or electronic format (computer disc, email, internet download, thumb drive, or other devices) with a required notice about the seven-day rescission right.

Allows developers to disclose either the total number of time share interests registered for sale in each unit OR the total number of points registered for sale in each property during renewal registration.

Eliminates the requirement that developers provide title insurance policies, preliminary title reports, abstracts of title, or certificates of title when renewing time share plan registrations.

Eliminates the requirement that developers file a financial statement with renewal applications for time share plan registrations.

Requires developers to submit a current disclosure statement, a certified statement identifying units/interests or properties/points, a certificate of good standing (if applicable), and the biennial renewal fee for registration renewal.