2013: A Busy Year of Promoting and Advancing Interests of Timeshare Owners
By ARDA State Affairs
November 12, 2013
Many of you will hear from ARDA staff later this week at ARDA’s Fall Conference in Washington, DC that this has been one of the busiest years on record for timeshare legislative activity at the state level.
More than 25 bills in 13 states were introduced, passed, or killed in 2013 to protect the legislative interests of timeshare developers, timeshare associations, management companies, and timeshare owners.
A few highlights include:
--Resale and transfer company legislation was introduced in Florida, Colorado, South Carolina, and Massachusetts that will provide specific guidelines related to resellers and transfer companies
--Streamlining the Nevada Real Estate Division’s process of issuing a timeshare public offering statement (POS)
--Killing two proposed “take-back” bills introduced in Massachusetts and Vermont
--Passing three bills in Hawaii, including one that provides for voluntary de-registration of timeshare fee interests from the Land Court to the regular system at the Bureau of Conveyances
--Helping the governments of St. Maarten and Jamaica introduce comprehensive timeshare legislation that benefits developers and owners alike
You can read more details about each piece of legislation in the October issue of Developments magazine. We will also be updating attendees about our legislative priorities for 2014 during ARDA’s Fall Conference.
We are very proud of the work and the efforts of everyone involved—including timeshare owners—to help us achieve the many legislative successes. We look forward to continuing our progress into 2014.