Florida Timeshare Resale Bill Moves Ahead

Last week Florida’s Timeshare Resale Accountability Act passed the Business and Consumer Affairs Subcommittee on Tuesday with a 14-0 vote. On Thursday, the bill’s Senate counterpart, SB 1408, received unanimous approval from the Regulated Industries Committee.

Rep. Eric Eisnaugle, R-Orlando, sponsors HB 1001. SB 1408 is sponsored by Sen. Andy Gardiner, R-Orlando.

The bill has the support of Florida Attorney General Pam Bondi as well as that of the American Resort Development Association (ARDA).

Among other requisites, the proposed bill would prohibit a timeshare sales company from telling timeshare owners it has a buyer lined up unless the reseller provides the current timeshare owner with the name, address and telephone number of the potential buyer. The bill also provides for an “unwaivable right to cancel” within 10 days of a timeshare sale.

Uniform guidelines for timeshare resale services are much needed, and if structured fairly, should enhance the industry and strengthen consumer confidence in the product.

Previous news on The Timeshare Authority related to the proposed new Florida timeshare laws:

Timeshare resales: History will keep repeating itself until we finally get it right

Today in Timeshare from The Resort Trades

ARDA Supports the Proposed Florida Timeshare Resale Accountability Act