Florida Resale Bill Poised for Passage in House

2012-02-22

Issue Brief

CS/CS/CS/HB 1001 rolled over to third reading in the House of Representatives and is poised for passage in the immediate future. After the bill passes the House of Representatives it will be transmitted to the Senate for consideration. CS/SB 1408, the Senate version of TRAA, sponsored by Senator Andy Gardiner, will be making its final committee stop with the Senate Budget Committee and, barring any unforeseen circumstances, should pass that Committee and be sent to the Senate floor for a vote. 

Impact

CS/CS/CS/HB 1001 seeks to protect timeshare owners by holding resale companies who use deceptive business practices accountable for their actions. The legislation will require, among other things, timeshare resale companies to disclose all terms and conditions of their business offering to a consumer, provide for a right of rescission for consumers to cancel a contract for resale services, and impose penalties on companies who continue their deceptive practices. 

Position/Call to Action

ARDA and ARDA-ROC continue to support CS/CS/CS/HB 1001 as a means to help protect Florida consumers and promote a healthy secondary market and will work to encourage the passage of the legislation. With nearly 25% of all timeshare resorts in the United States located in Florida, proactive legislation such as this is vital to ensuring the long term health of a key sector of Florida's tourism market. 

Issue Updates

Please visit www.ardaroc.org for future updates. 

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