HI SB2480

Permits prospective purchasers of time share interests to receive disclosure statements in printed or electronic form (computer disc, email, download, thumb drive, or other media) instead of requiring paper copies only.

Allows developers to disclose either the total number of registered time share interests in each unit OR the total number of registered points in each property during renewal registration, accommodating modern points-based time share systems.

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

Eliminates the requirement for developers to file financial statements when renewing time share plan registrations, particularly benefiting subsidiary developers of publicly traded companies.

Requires developers to include a certificate of good standing from the department of commerce and consumer affairs and a certified statement identifying time share units, interests, or points in renewal applications.