Timeshare Management Firms
Summary
Timeshare Management Firms; Revising applicability for provisions governing conflicts of interest between community association managers or community association management firms and certain persons with a financial interest in such associations; deleting a provision requiring managing entities that perform community association management to comply with certain provisions related to community association management firms; requiring the board of administration of a timeshare condominium to meet once per year, etc.
Bill status
in committee
1 of 4 stages cleared
Introduction
Mar 2025
Committee Review
Floor Vote
Governor
Introduced Mar 4, 2025
Last action Apr 28, 2025
Maddy AI version diff · 1 comparison
What changed between versions
S 496 Filed
→
S 496 c1
·
6 edits
MODERATE
This bill clarifies how timeshare management firms are regulated by exempting them from certain community association manager rules and requiring them to follow specific timeshare laws. It also adds new requirements for annual board meetings and disclosure of related-party transactions.
Scope change
The bill modifies the applicability of community association management statutes to exclude timeshare management firms from certain conflict of interest provisions while subjecting them to specific timeshare management requirements.
ELIGIBILITY
Timeshare management firms are now exempt from conflict of interest provisions that apply to regular community association managers.
REQUIREMENT
Timeshare condominium boards must now meet at least once per year unless the governing documents require more frequent meetings.
Timeshare management firms and their employees must discharge duties in good faith and are exempt from monetary damages unless they breach criminal law or act with malicious intent.
ADDED
Timeshare management firms must disclose annually when they provide goods or services through related parties to association members.
ENFORCEMENT
New penalties and procedures were added for failure to mail materials requested by purchasers for legitimate owners' association business.
MODIFIED
The act takes effect on July 1, 2025.
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
18
Key actions
7
Committee
8
Apr 22, 2025
Upper · Passed
Favorable by- Fiscal Policy; YEAS 18 NAYS 0
upper
Apr 17, 2025
Upper · Passed
On Committee agenda-- Fiscal Policy, 04/22/25, 11:00 am, 412 Knott Building
upper
Apr 15, 2025
Upper · Passed
Favorable by Appropriations Committee on Agriculture, Environment, and General Government; YEAS 12 NAYS 0
upper
Apr 10, 2025
Upper · Passed
On Committee agenda-- Appropriations Committee on Agriculture, Environment, and General Government, 04/15/25, 12:30 pm, 412 Knott Building
upper
Apr 3, 2025
Upper · Passed
Now in Appropriations Committee on Agriculture, Environment, and General Government
upper
Apr 3, 2025
Upper · Passed
Pending reference review under Rule 4.7(2) - (Committee Substitute)
upper
Mar 27, 2025
Upper · Passed
On Committee agenda-- Regulated Industries, 04/01/25, 4:00 pm, 412 Knott Building
upper
Mar 4, 2025
Introduced
Introduced
upper
Feb 20, 2025
Committee
Referred to Regulated Industries; Appropriations Committee on Agriculture, Environment, and General Government; Fiscal Policy
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Stan McClain
RRepublican
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