Bill Text: FL S1216 | 2022 | Regular Session | Introduced


Bill Title: Vacation and Timeshare Plans

Spectrum: Partisan Bill (Republican 1-0)

Status: (Failed) 2022-03-14 - Died in Community Affairs [S1216 Detail]

Download: Florida-2022-S1216-Introduced.html
       Florida Senate - 2022                                    SB 1216
       
       
        
       By Senator Hutson
       
       
       
       
       
       7-00569-22                                            20221216__
    1                        A bill to be entitled                      
    2         An act relating to vacation and timeshare plans;
    3         amending s. 721.03, F.S.; exempting certain timeshare
    4         plans from specified requirements relating to the
    5         creation of a timeshare estate in a nonresidential
    6         condominium unit under certain circumstances; amending
    7         s. 721.07, F.S.; authorizing developers to provide
    8         purchasers with the option to receive the approved
    9         public offering statement and other information
   10         electronically under certain circumstances;
   11         authorizing the Division of Florida Condominiums,
   12         Timeshares, and Mobile Homes to prescribe by rule a
   13         specified form; providing requirements for such form;
   14         making technical changes; amending s. 721.075, F.S.;
   15         specifying that the payment for certain incidental
   16         benefits is voluntary; removing a limitation on the
   17         aggregate represented value of all incidental
   18         benefits; removing the requirement that incidental
   19         benefits be filed with the division for review;
   20         prohibiting the transfer or assignment of an
   21         incidental benefit without the approval of the
   22         benefit’s provider; revising the acknowledgment a
   23         purchaser must sign relating to incidental benefits;
   24         removing the requirement that the acknowledgment and
   25         disclosure statement be filed with the division before
   26         use; removing the requirement that a developer notify
   27         the division upon learning that an incidental benefit
   28         is unavailable; requiring a substituted incidental
   29         benefit to be made available, rather than delivered,
   30         to a purchaser within a specified time; making
   31         technical changes; amending s. 721.10, F.S.;
   32         prohibiting any attempt to obtain a waiver of the
   33         purchaser’s right of cancellation; providing that a
   34         closing is voidable under certain circumstances and
   35         within specified timeframes; making technical changes;
   36         amending s. 721.11, F.S.; revising the definition of
   37         the term “advertising material”; exempting advertising
   38         material from certain disclosures under certain
   39         circumstances; conforming cross-references and making
   40         technical changes; amending s. 721.125, F.S.;
   41         providing legislative findings; providing that the
   42         board of administration of the owners’ association
   43         serves as the termination trustee for purposes of
   44         implementing the termination of a timeshare plan;
   45         providing an exception; requiring the termination
   46         trustee to act in a fiduciary capacity; requiring
   47         certain unpaid amounts to be set off against the net
   48         proceeds from the disposition of the timeshare
   49         property; authorizing the termination trustee to bring
   50         an interpleader action in certain circumstances and
   51         deposit any disputed funds into the court registry;
   52         authorizing attorney fees and costs; revising
   53         applicability; making technical changes; amending s.
   54         721.13, F.S.; prohibiting a managing entity from
   55         sending certain notices to the address of an owner’s
   56         timeshare unit or timeshare plan; authorizing certain
   57         meetings to be conducted electronically; creating s.
   58         721.131, F.S.; authorizing a managing entity to
   59         exercise specified powers before, during, or after an
   60         actual or anticipated emergency in certain
   61         circumstances and for certain purposes; amending s.
   62         721.52, F.S.; revising the definition of the term
   63         “nonspecific multisite timeshare plan”; making
   64         technical changes; amending s. 721.55, F.S.;
   65         authorizing component site information to be provided
   66         to purchasers electronically; providing that a
   67         developer is not required to file a separate public
   68         offering statement for certain component sites; making
   69         technical changes; amending s. 721.551, F.S.;
   70         conforming a cross-reference and making technical
   71         changes; amending s. 721.82, F.S.; revising the
   72         definition of the term “permitted delivery service”;
   73         amending s. 721.85, F.S.; conforming a provision to
   74         changes made by the act; amending ss. 721.855 and
   75         721.856, F.S.; revising an obligor’s right to object
   76         to the trustee foreclosure procedure; revising
   77         available methods of delivery of certain notices and
   78         certificates of sale; revising when certain notices
   79         are considered perfected against a trustee; making
   80         technical changes; conforming provisions to changes
   81         made by the act; amending s. 721.86, F.S.; providing
   82         that certain efforts to resolve a foreclosure are not
   83         required under certain circumstances; reenacting ss.
   84         721.09(1)(d) and 721.111(6), F.S., relating to
   85         reservation agreements and escrows and prize and gift
   86         promotional offers, respectively, to incorporate the
   87         amendments made by this act to s. 721.11, F.S., in
   88         references thereto; providing an effective date.
   89          
   90  Be It Enacted by the Legislature of the State of Florida:
   91  
   92         Section 1. Paragraph (f) is added to subsection (3) of
   93  section 721.03, Florida Statutes, to read:
   94         721.03 Scope of chapter.—
   95         (3) A timeshare plan which is subject to the provisions of
   96  chapter 718 or chapter 719, if fully in compliance with the
   97  provisions of this chapter, is exempt from the following:
   98         (f)Sections 718.104(4)(o), 718.1045, and 718.110(8),
   99  relating to the creation of timeshare estates in a
  100  nonresidential condominium unit.
  101         Section 2. Subsection (6) of section 721.07, Florida
  102  Statutes, is amended to read:
  103         721.07 Public offering statement.—Prior to offering any
  104  timeshare plan, the developer must submit a filed public
  105  offering statement to the division for approval as prescribed by
  106  s. 721.03, s. 721.55, or this section. Until the division
  107  approves such filing, any contract regarding the sale of that
  108  timeshare plan is subject to cancellation by the purchaser
  109  pursuant to s. 721.10.
  110         (6)(a)A developer may provide each purchaser with the
  111  option to receive all or any portion of the approved public
  112  offering statement electronically, including, but not limited
  113  to, through a website or other Internet-based access, if the
  114  developer discloses to the purchaser the system requirements
  115  necessary to view the approved public offering statement.
  116         (b) The division is authorized to prescribe by rule the
  117  form of the approved purchaser public offering statement that
  118  must be furnished by the developer to each purchaser and the
  119  form on which a purchaser must select the manner in which he or
  120  she wants the approved purchaser public offering statement
  121  delivered. The form of the purchaser public offering statement
  122  must provide fair, meaningful, and effective disclosure of all
  123  aspects of the timeshare plan. The purchaser manner of delivery
  124  form must disclose the system requirements necessary to view the
  125  approved public offering statement electronically and advise the
  126  purchaser to not select an alternative method of receiving the
  127  approved public offering statement unless he or she is able to
  128  review the approved public offering statement before the
  129  expiration of the 10-day cancellation period under s. 721.10.
  130         (c) For timeshare plans filed under pursuant to this part,
  131  the developer shall furnish each purchaser with the following,
  132  which may be provided electronically, including, but not limited
  133  to, through a website or other Internet-based access:
  134         1.(a) A copy of the purchaser public offering statement and
  135  a copy of the purchaser manner of delivery form text in the form
  136  approved by the division for delivery to purchasers.
  137         2.(b) Copies of the exhibits required to be filed with the
  138  division under pursuant to subparagraphs (5)(ff)1., 2., 4., 5.,
  139  8., and 20.
  140         3.(c) A receipt for timeshare plan documents and a list
  141  describing any exhibit to the filed public offering statement
  142  filed with the division which is not delivered to the purchaser.
  143  The division is authorized to prescribe by rule the form of the
  144  receipt for timeshare plan documents and the description of
  145  exhibits list that must be furnished to the purchaser. The
  146  description of documents list utilized by a developer must shall
  147  be filed with the division for review as part of the filed
  148  public offering statement under pursuant to this section. The
  149  developer is shall be required to provide the managing entity
  150  with a copy of the approved filed public offering statement and
  151  any approved amendments thereto to be maintained by the managing
  152  entity as part of the books and records of the timeshare plan
  153  under pursuant to s. 721.13(3)(d).
  154         4.(d) Any other exhibit that which the developer includes
  155  as part of the purchaser public offering statement, provided
  156  that the developer first files the exhibit with the division.
  157         5.(e) An executed copy of any document that which the
  158  purchaser signs.
  159         6.(f)Each purchaser shall receive A fully executed paper
  160  copy of the purchase contract.
  161         Section 3. Section 721.075, Florida Statutes, is amended to
  162  read:
  163         721.075 Incidental benefits.—Incidental benefits may shall
  164  be offered only as provided in this section.
  165         (1) Accommodations, facilities, products, services,
  166  discounts, or other benefits which satisfy the requirements of
  167  this subsection are shall be subject to the provisions of this
  168  section and exempt from the other provisions of this chapter
  169  which would otherwise apply to such accommodations or facilities
  170  if and only if:
  171         (a) The use of, or participation in, and payment for the
  172  incidental benefit by the prospective purchaser is completely
  173  voluntary, and payment of any fee or other cost associated with
  174  the incidental benefit is required only upon such use or
  175  participation.
  176         (b) The No costs of acquisition, operation, maintenance, or
  177  repair of the incidental benefit may not be are passed on to
  178  purchasers of the timeshare plan as common expenses of the
  179  timeshare plan or as common expenses of a component site of a
  180  multisite timeshare plan.
  181         (c) The continued availability of the incidental benefit is
  182  not necessary in order for any accommodation or facility of the
  183  timeshare plan to be available for use by purchasers of the
  184  timeshare plan in a manner consistent in all material respects
  185  with the manner portrayed by any promotional material,
  186  advertising, or purchaser public offering statement.
  187         (d) The continued availability to purchasers of timeshare
  188  plan accommodations on no greater than a one-to-one use right to
  189  use night requirement ratio is not dependent upon continued
  190  availability of the incidental benefit.
  191         (e) The incidental benefit will continue to be available in
  192  the manner represented to prospective purchasers for up to 3
  193  years or less after the first date that the timeshare plan is
  194  available for use by the purchaser. Nothing herein prevents
  195  shall prevent the renewal or extension of the availability of an
  196  incidental benefit.
  197         (f) The aggregate represented value of all incidental
  198  benefits offered by a developer to a purchaser may not exceed 15
  199  percent of the purchase price paid by the purchaser for his or
  200  her timeshare interest.
  201         (g) The incidental benefit is filed with the division for
  202  review in conjunction with the filing of a timeshare plan or in
  203  connection with a previously filed timeshare plan.
  204         (2) Each purchaser shall execute a separate acknowledgment
  205  and disclosure statement with respect to all incidental
  206  benefits, which statement must shall include the following
  207  information:
  208         (a) A fair description of the incidental benefit,
  209  including, but not limited to, any user fees or costs associated
  210  therewith and any restrictions upon use or availability.
  211         (b) A statement that use of, or participation in, and
  212  payment for the incidental benefit by the prospective purchaser
  213  is completely voluntary, and that payment of any fee or other
  214  cost associated with the incidental benefit is required only
  215  upon such use or participation.
  216         (c) A statement that the incidental benefit is not
  217  assignable or otherwise transferable by the prospective
  218  purchaser or purchaser without the approval of the provider of
  219  the incidental benefit.
  220         (d) The following disclosure in conspicuous type
  221  immediately above the space for the purchaser’s signature:
  222  
  223         The incidental benefit[s] described in this statement is
  224  [are] offered to prospective purchasers of the timeshare plan
  225  [or other permitted reference under pursuant to s.
  226  721.11(5)(a)]. This [These] benefit[s] is [are] available for
  227  your use for [some period up to 3 years or less] after the first
  228  date that the timeshare plan is available for your use. The
  229  availability of the incidental benefit[s] may or may not be
  230  renewed or extended. You should not purchase an interest in the
  231  timeshare plan in reliance upon the continued availability or
  232  renewal or extension of this [these] benefit[s].
  233         (e) A statement indicating the source of the services,
  234  points, or other products that constitute the incidental
  235  benefit.
  236  
  237  The acknowledgment and disclosure statement for any incidental
  238  benefit shall be filed with the division prior to use. Each
  239  purchaser must shall receive a copy of his or her executed
  240  acknowledgment and disclosure statement as a document required
  241  to be provided to him or her under pursuant to s. 721.10(1)(b).
  242         (3)(a) In the event that an incidental benefit becomes
  243  unavailable to purchasers in the manner represented by the
  244  developer in the acknowledgment and disclosure statement, the
  245  developer shall pay the purchaser the greater of twice the
  246  verifiable retail value or twice the represented value of the
  247  unavailable incidental benefit in cash within 30 days after of
  248  the date that the unavailability of the incidental benefit was
  249  made known to the developer, unless the developer has reserved a
  250  substitution right under pursuant to paragraph (b) and timely
  251  makes the substitution as required by paragraph (b). The
  252  developer shall promptly notify the division upon learning of
  253  the unavailability of any incidental benefit.
  254         (b) If an incidental benefit becomes unavailable as a
  255  result of events beyond the control of the developer, the
  256  developer may reserve the right to substitute a replacement
  257  incidental benefit of a type, quality, value, and term
  258  reasonably similar to the unavailable incidental benefit. If the
  259  developer reserves the right to substitute, the acknowledgment
  260  and disclosure statement required under pursuant to paragraph
  261  (2)(a) must shall contain the following conspicuous disclosure:
  262  
  263         In the event any incidental benefit described in this
  264  statement becomes unavailable as a result of events beyond the
  265  control of the developer, the developer reserves the right to
  266  substitute a replacement incidental benefit of a type, quality,
  267  value, and term reasonably similar to the unavailable incidental
  268  benefit.
  269  
  270  The substituted incidental benefit must shall be made available
  271  delivered to the purchaser within 30 days after the date that
  272  the unavailability of the incidental benefit was made known to
  273  the developer.
  274         (4) All purchaser remedies under pursuant to s. 721.21 are
  275  shall be available for any violation of the provisions of this
  276  section.
  277         Section 4. Present subsections (2) and (3) of section
  278  721.10, Florida Statutes, are redesignated as subsections (3)
  279  and (4), respectively, a new subsection (2) is added to that
  280  section, and subsection (1) of that section is amended, to read:
  281         721.10 Cancellation.—
  282         (1) A purchaser has the right to cancel the contract until
  283  midnight on of the 10th calendar day after the later of
  284  following whichever of the following days occurs later:
  285         (a) The execution date of the contract; or
  286         (b) The day on which the purchaser received the last of all
  287  documents required to be provided to him or her, including the
  288  notice required by s. 721.07(2)(d)2., if applicable.
  289         (2) This right of cancellation may not be waived by any
  290  purchaser or by any other person on behalf of the purchaser, and
  291  any attempt to obtain a waiver of the cancellation right of the
  292  purchaser is unlawful. If a purchaser waives, knowingly or
  293  unknowingly, his or her right of cancellation and a closing
  294  occurs, such closing is voidable at the option of the purchaser
  295  for up to 1 year after the date that would have been the
  296  expiration of the cancellation period under subsection (1).
  297  Furthermore, a no closing may not occur until the cancellation
  298  period of the timeshare purchaser has expired, and if a closing
  299  occurs before the expiration of the cancellation period,. Any
  300  attempt to obtain a waiver of the cancellation right of the
  301  timeshare purchaser, or to hold a closing prior to the
  302  expiration of the cancellation period, is unlawful and such
  303  closing is voidable at the option of the purchaser for up to 5
  304  years after such closing a period of 1 year after the expiration
  305  of the cancellation period. However, nothing in this section
  306  precludes the execution of documents in advance of closing for
  307  delivery after expiration of the cancellation period.
  308         Section 5. Paragraphs (b) and (e) of subsection (6) of
  309  section 721.11, Florida Statutes, are amended, and paragraph (i)
  310  is added to subsection (2) of that section, to read:
  311         721.11 Advertising materials; oral statements.—
  312         (2) The term “advertising material” includes:
  313         (i) Any message, text, picture, video, or other content
  314  made available, delivered, or shared electronically through the
  315  Internet or any other Internet-based access. However,
  316  advertising material under this paragraph does not need to
  317  contain the disclosures required under subsection (5) as long as
  318  such disclosures are provided to the purchaser before the
  319  purchaser takes any affirmative action pursuant to a promotion.
  320         (6) Failure to provide cancellation rights or disclosures
  321  as required by this subsection in connection with the sale of a
  322  regulated short-term product constitutes misrepresentation in
  323  accordance with paragraph (4)(a). Any agreement relating to the
  324  sale of a regulated short-term product must be regulated as
  325  advertising material and is subject to the following:
  326         (b) A purchaser of a regulated short-term product has the
  327  right to cancel the agreement until midnight of the 10th
  328  calendar day after following the execution date of the
  329  agreement. The right of cancellation may not be waived by the
  330  prospective purchaser or by any other person on behalf of the
  331  prospective purchaser. Notice of cancellation must be given in
  332  the same manner prescribed for giving notice of cancellation
  333  under s. 721.10(3) s. 721.10(2). If the prospective purchaser
  334  gives a valid notice of cancellation or is otherwise entitled to
  335  cancel the sale, the funds or other property received from or on
  336  behalf of the prospective purchaser, or the proceeds thereof,
  337  must be returned to the prospective purchaser. Such refund must
  338  be made in the same manner prescribed for refunds under s.
  339  721.10.
  340         (e) If the seller provides the purchaser with the right to
  341  cancel the purchase of a regulated short-term product at any
  342  time up to 7 days before prior to the purchaser’s reserved use
  343  of the accommodations, but in no event less than 10 days, and if
  344  the seller refunds the total amount of all payments made by the
  345  purchaser reduced by the proportion of any benefits the
  346  purchaser has actually received before prior to the effective
  347  date of the cancellation, the specific value of which has been
  348  agreed to between the purchaser and the seller, the short-term
  349  product offer is shall be exempt from the requirements of
  350  paragraphs (b), (c), and (d). An agreement relating to the sale
  351  of the regulated short-term product made pursuant to this
  352  paragraph must contain a statement setting forth the
  353  cancellation and refund rights of the prospective purchaser in a
  354  manner that is consistent with this section and s. 721.10,
  355  including a description of the length of the cancellation right,
  356  a statement that the purchaser’s intent to cancel must be in
  357  writing and sent to the seller at a specified address, a
  358  statement that the notice of cancellation is effective upon the
  359  date sent, and a statement that any attempt to waive the
  360  cancellation right is unlawful. The right of cancellation
  361  provided to the purchaser under pursuant to this paragraph may
  362  not be waived by the prospective purchaser or by any other
  363  person on behalf of the prospective purchaser. Notice of
  364  cancellation must be given in the same manner prescribed for
  365  giving notice of cancellation under s. 721.10(3) pursuant to s.
  366  721.10(2). If the prospective purchaser gives a valid notice of
  367  cancellation, or is otherwise entitled to cancel the sale, the
  368  funds or other property received from or on behalf of the
  369  prospective purchaser, or the proceeds thereof, shall be
  370  returned to the prospective purchaser. Such refund shall be made
  371  in the manner prescribed for refunds under s. 721.10.
  372         Section 6. Section 721.125, Florida Statutes, is amended to
  373  read:
  374         721.125 Termination of timeshare plans.—
  375         (1) The Legislature finds that the continued enforcement of
  376  timeshare plan covenants that encumber the land and restrict the
  377  use of real property may create economic waste and areas of
  378  disrepair that threaten the safety and welfare of the owners or
  379  the public or cause obsolescence of the property for its
  380  intended use. It is the public policy of the state to provide a
  381  method to preserve the value of the property interests and the
  382  rights of alienation thereof that owners have in the timeshare
  383  property before and after termination of a timeshare plan.
  384  Accordingly unless the timeshare instrument provides otherwise,
  385  the vote or written consent, or both, of 60 percent, unless the
  386  timeshare instrument provides for a lower percentage, of all
  387  voting interests in a timeshare plan may terminate the term of
  388  the timeshare plan at any time. If a timeshare plan is
  389  terminated under pursuant to this section, the termination has
  390  immediate effect pursuant to applicable law and the timeshare
  391  instrument as if the effective date of the termination were the
  392  original date of termination.
  393         (2) The board of administration of the owners’ association
  394  shall serve as termination trustee for the purpose of
  395  implementing the termination of the timeshare plan, unless
  396  another person is appointed as the termination trustee during
  397  the vote or in the written consent, or both, under subsection
  398  (1) or by the court. The termination trustee shall act in a
  399  fiduciary capacity to the owners of timeshare interests in a
  400  timeshare plan.
  401         (3) If a termination vote or the written consent under
  402  pursuant to subsection (1) is proposed for a component site of a
  403  multisite timeshare plan located in the this state, the proposed
  404  termination is effective only if the person authorized to make
  405  additions or substitutions of accommodations and facilities
  406  pursuant to the timeshare instrument also approves the
  407  termination.
  408         (4)(a)(3)(a) If the timeshare property is managed by an
  409  owners’ association that is separate from any underlying
  410  condominium, cooperative, or homeowners’ association, the
  411  termination of a timeshare plan does not change the corporate
  412  status of the owners’ association. The owners’ association may
  413  continue continues to exist only for the purposes of concluding
  414  its affairs, prosecuting and defending actions by or against it,
  415  collecting and discharging obligations, disposing of and
  416  conveying its property, collecting and dividing its assets, and
  417  otherwise complying with this subsection.
  418         1. After termination of a timeshare plan, the board of
  419  administration of the owners’ association shall serve as the
  420  termination trustee, and in such fiduciary capacity may bring an
  421  action in partition on behalf of the tenants in common in each
  422  former timeshare property or sell the former timeshare property
  423  in any manner and to any person who is approved by a majority of
  424  all such tenants in common. The termination trustee also has all
  425  other powers reasonably necessary to effect the partition or
  426  sale of the former timeshare property, including the power to
  427  maintain the property during the pendency of any partition
  428  action or sale.
  429         2. All reasonable expenses incurred by the termination
  430  trustee relating to the performance of its duties pursuant to
  431  this subsection, including the reasonable fees of attorneys and
  432  other professionals, must be paid by the tenants in common of
  433  the former timeshare property subject to partition or sale,
  434  proportionate to their respective ownership interests.
  435         3. The termination trustee shall adopt reasonable
  436  procedures to implement the partition or sale of the former
  437  timeshare property and comply with the requirements of this
  438  subsection.
  439         (b) If a timeshare plan is terminated in a timeshare
  440  condominium or timeshare cooperative and the underlying
  441  condominium or cooperative is not simultaneously terminated, a
  442  majority of the tenants in common in each former timeshare unit
  443  present and voting in person or by proxy at a meeting of such
  444  tenants in common conducted by the termination trustee, or
  445  conducted by the board of administration of the condominium or
  446  cooperative association, if such association managed the former
  447  timeshare property, shall designate a voting representative for
  448  the unit and file a voting certificate with the condominium or
  449  cooperative association. The voting representative may vote on
  450  all matters at meetings of the condominium or cooperative
  451  association, including termination of the condominium or
  452  cooperative.
  453         (c) After termination of a timeshare plan, the termination
  454  trustee may bring an action in partition on behalf of the
  455  tenants in common in each former timeshare property or may sell
  456  the former timeshare property in any manner and to any person
  457  who is approved by a majority of all such tenants in common or
  458  by the voting representative, as applicable. The termination
  459  trustee shall have all other powers reasonably necessary to
  460  effect the partition or sale of the former timeshare property,
  461  including the power to maintain the property during the pendency
  462  of any partition action or sale.
  463         (d) All reasonable expenses incurred by the termination
  464  trustee relating to the performance of his or her duties under
  465  this subsection, including reasonable attorney fees or fees for
  466  other professionals, must be paid by the tenants in common of
  467  the former timeshare property subject to partition or sale,
  468  proportionate to their respective ownership interests.
  469         (e) The termination trustee shall adopt reasonable
  470  procedures to implement the partition or sale of the former
  471  timeshare property and to comply with the requirements of this
  472  subsection.
  473         (f) Any unpaid assessments, taxes, late fees, interest,
  474  fines, charges, or other amounts due and owing to the managing
  475  entity by an owner of a timeshare interest must be set off
  476  against, and reduce the share of, the net proceeds from the
  477  disposition of the timeshare property that are allocated to such
  478  owner.
  479         (g) If an owner of a timeshare interest or any other person
  480  claiming an interest in such owner’s allocated share of the net
  481  proceeds from the disposition of the timeshare property disputes
  482  the distribution of such proceeds, the termination trustee may
  483  file an interpleader action in circuit court and deposit the
  484  disputed funds into the court registry, at which time the
  485  timeshare property and the proceeds distributed pursuant to a
  486  disposition of the timeshare property are free of all claims and
  487  liens of the parties to the interpleader action. If the
  488  termination trustee files an interpleader action, both the
  489  termination trustee and the prevailing party may recover
  490  reasonable attorney fees and costs from the nonprevailing party.
  491         (5)(4) This section applies only to all a timeshare plans
  492  in the state that exist on or after July 1, 2022, provided that
  493  the timeshare plan has existed that has been in existence for at
  494  least 25 years as of the effective date of the termination of
  495  the timeshare plan vote or consent required by subsection (1).
  496         Section 7. Subsection (14) is added to section 721.13,
  497  Florida Statutes, to read:
  498         721.13 Management.—
  499         (14) Notwithstanding any provision of chapter 718 or
  500  chapter 719 to the contrary:
  501         (a) A managing entity may not send notices that are
  502  required to be delivered to an owner of a timeshare interest
  503  pursuant to chapter 718, chapter 719, or this chapter to the
  504  address of the owner’s timeshare unit or the address of the
  505  owner’s timeshare plan.
  506         (b) The board of administration or the members of an
  507  owners’ association may conduct board meetings or owners’
  508  meetings electronically and without the need for the meeting to
  509  be held at a physical location.
  510         Section 8. Section 721.131, Florida Statutes, is created to
  511  read:
  512         721.131 Managing entity emergency powers.—
  513         (1) Notwithstanding any provision to the contrary in
  514  chapter 718, chapter 719, or the timeshare instrument, to the
  515  extent allowed by law and consistent with s. 617.0830, a
  516  managing entity, including a board of administration of an
  517  owners’ association, in response to an actual or anticipated
  518  emergency as defined in s. 252.34(4), including, but not limited
  519  to, a state of emergency declared by the Governor pursuant to s.
  520  252.36, in the locale in which the accommodations or facilities
  521  of a timeshare plan are located, may exercise the following
  522  powers:
  523         (a) Conduct board of administration meetings and owners’
  524  meetings, in whole or in part, by telephone, real-time
  525  videoconferencing, or similar real-time electronic or video
  526  communication with notice given as is practicable. Such notice
  527  may be given in any practicable manner, including publication,
  528  radio, United States mail, the Internet, electronic
  529  transmission, public service announcements, and conspicuous
  530  posting on the timeshare property or by any other means the
  531  managing entity deems reasonable under the circumstances. Notice
  532  of decisions of the managing entity may also be communicated as
  533  provided in this paragraph.
  534         (b) Cancel and reschedule any board of administration
  535  meetings or owners’ meetings.
  536         (c) Name as assistant officers persons who are not
  537  directors of the owners’ association. Assistant officers have
  538  the same authority as the executive officers they are assisting
  539  during the state of emergency to accommodate the incapacity or
  540  unavailability of any officer of the owners’ association.
  541         (d) Relocate the managing entity’s principal office or
  542  designate alternative principal offices.
  543         (e) Enter into agreements with counties and municipalities
  544  to assist with emergency matters.
  545         (f) Implement an emergency plan that may include, but is
  546  not limited to, shutting down or off elevators; electricity;
  547  water, sewer, or security systems; or air conditioners.
  548         (g) Determine that all or any portion of the timeshare
  549  property is unavailable for entry, use, or occupancy by the
  550  owners or the owners’ family members, tenants, guests, agents,
  551  invitees, exchangers, or other occupants of the timeshare
  552  property to protect the health, safety, or welfare of such
  553  persons or to protect the accommodations or facilities of the
  554  timeshare plan.
  555         (h) Require the evacuation of the timeshare property. If
  556  any owner or other occupant fails or refuses to evacuate the
  557  timeshare property after the managing entity has required
  558  evacuation, the managing entity is immune from liability or
  559  injury to persons or property arising from such failure or
  560  refusal.
  561         (i) Determine whether all or a portion of the timeshare
  562  property, including recreational and other accommodations or
  563  facilities, may be safely used, inhabited, or occupied, and
  564  whether all or a portion of such property needs to be closed for
  565  a period of time. However, such determination is not conclusive
  566  as to any determination of habitability pursuant to the
  567  timeshare instrument.
  568         (j) Mitigate further damage, including taking action to
  569  contract for the removal of debris and to prevent or mitigate
  570  the spread of fungus, including, but not limited to, mold or
  571  mildew, by removing and disposing of wet drywall, insulation,
  572  carpet, cabinetry, or other fixtures on or within the timeshare
  573  property.
  574         (k) Contract, on behalf of any owner or owners, for items
  575  or services for which the owners are otherwise individually
  576  responsible, but which are necessary as a result of the
  577  emergency. In such event, the owner or owners on whose behalf
  578  the managing entity has contracted are responsible for
  579  reimbursing the managing entity for the actual costs of the
  580  items or services, and the managing entity may use its lien
  581  authority provided under s. 721.16 to enforce collection of the
  582  costs.
  583         (l) Regardless of any provision to the contrary and even if
  584  such authority does not specifically appear in the timeshare
  585  instrument, levy special assessments without a vote of the
  586  owners.
  587         (m) Without a vote of the owners, borrow money and pledge
  588  managing entity assets as collateral to fund emergency actions
  589  or repairs and carry out the duties of the managing entity when
  590  operating funds are insufficient. This paragraph does not limit
  591  the general authority of the managing entity to borrow money,
  592  subject to such restrictions as are contained in the timeshare
  593  instrument.
  594         (n) Issue emergency rules and regulations, or temporarily
  595  modify existing rules and regulations, regarding the operation
  596  of the timeshare plan reservation system as required under s.
  597  721.13(3)(g) and (12)(a) or the multisite timeshare plan
  598  reservation system as required under s. 721.56(6). This
  599  authority includes issuing or modifying emergency rules and
  600  regulations to add, modify, or suspend use rights to address the
  601  loss of or restricted use of purchasers’ timeshare interests as
  602  a result of the emergency or to comply with federal, state, or
  603  local orders. For this limited purpose, enforcement of the one
  604  to-one use right to use night requirement ratio as defined in s.
  605  721.05(25) may be suspended, and any subsequent imbalance with
  606  respect to the one-to-one use right to use night requirement
  607  ratio that results because of the implementation of an emergency
  608  rule or regulation is not a violation of this chapter.
  609         (o) Notwithstanding s. 721.13(3)(c)2., transfer funds in
  610  any deferred maintenance or capital expenditure reserve account
  611  to any operating account without the consent of a majority of
  612  the purchasers of the timeshare plan.
  613         (p) Take any other actions reasonably necessary to protect
  614  the health, safety, and welfare of the managing entity and the
  615  owners and the owners’ family members, tenants, guests, agents,
  616  invitees, exchangers, and other occupants or to protect the
  617  timeshare property.
  618         (2) The special powers authorized under subsection (1) may
  619  be exercised before, during, or after the actual or anticipated
  620  emergency but are limited to the time and scope reasonably
  621  necessary to:
  622         (a) Protect the health, safety, and welfare of the managing
  623  entity and the owners and the owners’ family members, tenants,
  624  guests, agents, invitees, exchangers, and other occupants.
  625         (b) Protect the timeshare property.
  626         (c) Mitigate or avoid harm, injury, or damage to persons or
  627  property.
  628         (d) Take emergency actions or make emergency repairs.
  629         Section 9. Subsection (5) of section 721.52, Florida
  630  Statutes, is amended to read:
  631         721.52 Definitions.—As used in this chapter, the term:
  632         (5) “Nonspecific multisite timeshare plan” means a
  633  multisite timeshare plan with respect to which a purchaser
  634  receives a right to use all of the accommodations and
  635  facilities, if any, of the multisite timeshare plan through the
  636  reservation system, but no specific right to use any particular
  637  accommodations and facilities for the remaining term of the
  638  multisite timeshare plan in the event that the reservation
  639  system is terminated for any reason before prior to the
  640  expiration of the term of the multisite timeshare plan.
  641  Timeshare estates or timeshare licenses may be offered in a
  642  nonspecific multisite timeshare plan.
  643         Section 10. Paragraph (l) of subsection (4) and paragraph
  644  (l) of subsection (7) of section 721.55, Florida Statutes, are
  645  amended to read:
  646         721.55 Multisite timeshare plan public offering statement.
  647  Each filed public offering statement for a multisite timeshare
  648  plan shall contain the information required by this section and
  649  shall comply with the provisions of s. 721.07, except as
  650  otherwise provided therein. The division is authorized to
  651  provide by rule the method by which a developer must provide
  652  such information to the division. Each multisite timeshare plan
  653  filed public offering statement shall contain the following
  654  information and disclosures:
  655         (4) A text, which shall include, where applicable, the
  656  information and disclosures set forth in paragraphs (a)-(l).
  657         (l) A description of each component site, which description
  658  may be disclosed in a written, graphic, tabular, or other form
  659  approved by the division or provided to the purchaser
  660  electronically, including, but not limited to, through a website
  661  or other Internet-based access. The description of each
  662  component site must shall include all of the following
  663  information:
  664         1. The name and address of each component site.
  665         2. The number of accommodations, timeshare interests, and
  666  timeshare periods, expressed in periods of 7-day use
  667  availability, committed to the multisite timeshare plan and
  668  available for use by purchasers.
  669         3. Each type of accommodation in terms of the number of
  670  bedrooms, bathrooms, sleeping capacity, and whether or not the
  671  accommodation contains a full kitchen. As used in For purposes
  672  of this subparagraph description, the term “full kitchen” means
  673  a full kitchen shall mean a kitchen with at least having a
  674  minimum of a dishwasher, range, sink, oven, and refrigerator.
  675         4. A description of facilities available for use by the
  676  purchaser at each component site, including the following:
  677         a. The intended use of the facility, if not apparent from
  678  the description.
  679         b. Any user fees associated with a purchaser’s use of the
  680  facility.
  681         5. A cross-reference to the location in the public offering
  682  statement of the description of any priority reservation
  683  features which may affect a purchaser’s ability to obtain a
  684  reservation in the component site.
  685         (7) The following documents shall be included as exhibits
  686  to the filed public offering statement, if applicable:
  687         (l)1. If the multisite timeshare plan contains any
  688  component sites located in the this state, the information
  689  required by s. 721.07(5) pertaining to each such component site,
  690  unless exempt under pursuant to s. 721.03.
  691         2. If the purchaser will receive an interest in a specific
  692  multisite timeshare plan component site located outside of the
  693  this state but which is offered in the this state, the
  694  information required by s. 721.07(5) pertaining to that
  695  component site., provided, However, for purposes of this
  696  paragraph, that the provisions of s. 721.07(5)(t) shall only
  697  requires require disclosure of information related to the
  698  estimated budget for the timeshare plan and purchaser’s expenses
  699  as required by the jurisdiction in which the component site is
  700  located.
  701  
  702  A developer is not required to file a separate public offering
  703  statement for any component site located within or outside the
  704  state in order to include the component site in the multistate
  705  timeshare plan.
  706         Section 11. Paragraph (c) of subsection (2) of section
  707  721.551, Florida Statutes, is amended to read:
  708         721.551 Delivery of multisite timeshare plan purchaser
  709  public offering statement.—
  710         (2) The developer shall furnish each purchaser with the
  711  following:
  712         (c) If the purchaser will receive an interest in a specific
  713  multisite timeshare plan component site located in the this
  714  state, the developer must shall also furnish the purchaser with
  715  the information required to be delivered under s. 721.07(6)(c)1.
  716  and 2. pursuant to s. 721.07(6)(a) and (b) for that component
  717  site.
  718         Section 12. Subsection (11) of section 721.82, Florida
  719  Statutes, is amended to read:
  720         721.82 Definitions.—As used in this part, the term:
  721         (11) “Permitted delivery service” means delivery to an e
  722  mail address, if provided by the obligor, with evidence that the
  723  lienholder received the e-mail. Permitted delivery service is
  724  only authorized for obligors who reside outside the United
  725  States any nationally recognized common carrier delivery
  726  service, international airmail service that allows for return
  727  receipt service, or a service recognized by an international
  728  jurisdiction as the equivalent of certified, registered mail for
  729  that jurisdiction.
  730         Section 13. Subsection (1) of section 721.85, Florida
  731  Statutes, is amended to read:
  732         721.85 Service to notice address or on registered agent.—
  733         (1) Service of process for a foreclosure proceeding
  734  involving a timeshare interest may be made by any means
  735  recognized by law. In addition, substituted service on an
  736  obligor who has appointed a registered agent under s. 721.84 may
  737  be made on such registered agent at the registered office. Also,
  738  when using s. 48.194 where in rem or quasi in rem relief only is
  739  sought, such service of process provisions are modified in
  740  connection with a foreclosure proceeding against a timeshare
  741  interest to provide that:
  742         (a) Such service of process may be made on any person
  743  whether the person is located inside or outside this state, by
  744  certified mail, registered mail, or, if applicable, permitted
  745  delivery service, return receipt requested, addressed to the
  746  person to be served at the notice address, or on the person’s
  747  registered agent duly appointed under s. 721.84, at the
  748  registered office; and
  749         (b) Service shall be considered obtained upon the signing
  750  of the return receipt by any person at the notice address, or by
  751  the registered agent.
  752         Section 14. Paragraph (a) of subsection (3), paragraphs (a)
  753  and (b) of subsection (5), paragraph (b) of subsection (6),
  754  paragraph (f) of subsection (7), and paragraph (b) of subsection
  755  (14) of section 721.855, Florida Statutes, are amended to read:
  756         721.855 Procedure for the trustee foreclosure of assessment
  757  liens.—The provisions of this section establish a trustee
  758  foreclosure procedure for assessment liens.
  759         (3) OBLIGOR’S RIGHTS.—
  760         (a) The obligor may object to the lienholder’s use of the
  761  trustee foreclosure procedure for a specific default within 20
  762  days after receipt of the notice required under subsection (5)
  763  any time before the sale of the timeshare interest under
  764  subsection (7) by delivering a written objection to the trustee
  765  using the objection form provided for in subsection (5). If the
  766  trustee receives the written objection from the obligor, the
  767  trustee may not proceed with the trustee foreclosure procedure
  768  as to the default specified in the notice of default and intent
  769  to foreclose under subsection (5), and the lienholder may
  770  proceed thereafter only with a judicial foreclosure action as to
  771  that specified default.
  772         (5) NOTICE OF DEFAULT AND INTENT TO FORECLOSE.—
  773         (a) In any foreclosure proceeding under this section, the
  774  trustee is required to notify the obligor of the proceeding by
  775  sending the obligor a written notice of default and intent to
  776  foreclose to the notice address of the obligor by certified mail
  777  or, registered mail, or permitted delivery service, return
  778  receipt requested;, and by first-class mail, postage prepaid;
  779  or, if applicable, permitted delivery service and first-class
  780  mail, postage prepaid, as follows:
  781         1. The notice of default and intent to foreclose must shall
  782  identify the obligor, the notice address of the obligor, the
  783  legal description of the timeshare interest, the nature of the
  784  default, the amounts secured by the lien, and a per diem amount
  785  to account for further accrual of the amounts secured by the
  786  lien and must shall state the method by which the obligor may
  787  cure the default, including the period of time after the date of
  788  the notice of default and intent to foreclose within which the
  789  obligor may cure the default.
  790         2. The notice of default and intent to foreclose must shall
  791  include an objection form with which the obligor can object to
  792  the use of the trustee foreclosure procedure by signing and
  793  returning the objection form to the trustee. The objection form
  794  must shall identify the obligor, the notice address of the
  795  obligor, the timeshare interest, and the return address of the
  796  trustee and must shall state: “The undersigned obligor exercises
  797  the obligor’s right to object to the use of the trustee
  798  foreclosure procedure contained in section 721.855, Florida
  799  Statutes.”
  800         3. The notice of default and intent to foreclose must shall
  801  also contain a statement in substantially the following form:
  802  
  803  If you fail to cure the default as set forth in this notice or
  804  take other appropriate action with regard to this foreclosure
  805  matter, you risk losing ownership of your timeshare interest
  806  through the trustee foreclosure procedure established in section
  807  721.855, Florida Statutes. You may choose to sign and send to
  808  the trustee, within 20 days after receipt of this notice, the
  809  enclosed objection form, exercising your right to object to the
  810  use of the trustee foreclosure procedure. Upon the trustee’s
  811  receipt of your signed objection form, the foreclosure of the
  812  lien with respect to the default specified in this notice is
  813  shall be subject to the judicial foreclosure procedure only. You
  814  have the right to cure your default in the manner set forth in
  815  this notice at any time before the trustee’s sale of your
  816  timeshare interest. If you do not object to the use of the
  817  trustee foreclosure procedure, you will not be subject to a
  818  deficiency judgment even if the proceeds from the sale of your
  819  timeshare interest are insufficient to offset the amounts
  820  secured by the lien.
  821  
  822         4. The trustee must shall also mail a copy of the notice of
  823  default and intent to foreclose, without the objection form, to
  824  the notice address of any junior interestholder by certified
  825  mail or, registered mail, or permitted delivery service, return
  826  receipt requested;, and by first-class mail, postage prepaid;
  827  or, if applicable, permitted delivery service and first-class
  828  mail, postage prepaid.
  829         5. Notice under this paragraph is considered perfected upon
  830  the trustee receiving the return receipt bearing the signature
  831  of the obligor or junior interestholder, as applicable, within
  832  30 calendar days after the trustee sent the notice under this
  833  paragraph. Notice under this paragraph is not perfected if:
  834         a. The notice is returned as undeliverable within 30
  835  calendar days after the trustee sent the notice;
  836         b. The trustee cannot, in good faith, ascertain that the
  837  obligor or junior interestholder, as applicable, is the person
  838  who signed the receipt because all or a portion of the obligor’s
  839  or junior interestholder’s name is not on the signed receipt or
  840  because the trustee cannot otherwise determine that the obligor
  841  or junior interestholder signed the receipt; or
  842         b.c. The receipt from the obligor or junior interestholder,
  843  as applicable, is returned or refused within 30 calendar days
  844  after the trustee sent the notice.
  845         (b) If the notice required by paragraph (a) is returned as
  846  undeliverable within 30 calendar days after the trustee sent the
  847  notice, the trustee must shall perform a diligent search and
  848  inquiry to obtain a different address for the obligor or junior
  849  interestholder. For purposes of this paragraph, any address
  850  known and used by the lienholder for sending regular mailings or
  851  other communications from the lienholder to the obligor or
  852  junior interestholder, as applicable, must shall be included
  853  with other addresses produced from the diligent search and
  854  inquiry, if any.
  855         1. If the trustee’s diligent search and inquiry produces an
  856  address different from the notice address, the trustee must
  857  shall mail a copy of the notice by certified mail or, registered
  858  mail, or permitted delivery service, return receipt requested;,
  859  and by first-class mail, postage prepaid; or, if applicable,
  860  permitted delivery service and first-class mail, postage
  861  prepaid, to the new address. Notice under this subparagraph is
  862  considered perfected upon the trustee receiving the return
  863  receipt bearing the signature of the obligor or junior
  864  interestholder, as applicable, within 30 calendar days after the
  865  trustee sent the notice under this subparagraph. Notice under
  866  this subparagraph is not perfected if the receipt from the
  867  obligor or junior interestholder, as applicable, is refused or,
  868  returned, or the trustee cannot, in good faith, ascertain that
  869  the obligor or junior interestholder, as applicable, is the
  870  person who signed the receipt because all or a portion of the
  871  obligor’s or junior interestholder’s name is not on the signed
  872  receipt or because the trustee cannot otherwise determine that
  873  the obligor or junior interestholder signed the receipt. If the
  874  trustee does not perfect notice under this subparagraph, the
  875  trustee must shall perfect service in the manner set forth in
  876  paragraph (c).
  877         2. If the trustee’s diligent search and inquiry does not
  878  locate a different address for the obligor or junior
  879  interestholder, as applicable, the trustee may perfect notice
  880  against that person under paragraph (c).
  881         (6) NOTICE OF SALE.—
  882         (b) The trustee must shall send a copy of the notice of
  883  sale within 3 business days after the date it is submitted for
  884  recording, by first-class mail or permitted delivery service and
  885  first-class mail, postage prepaid, to the notice addresses of
  886  the obligor and any junior interestholder.
  887         (7) MANNER OF SALE.—
  888         (f) On the date of the sale and upon receipt of the cash or
  889  certified funds due from the highest bidder, the trustee shall
  890  issue to the highest bidder a certificate of sale stating that a
  891  foreclosure conforming to the requirements of this section has
  892  occurred, including the time, location, and date of the sale;,
  893  that the timeshare interest was sold;, the amounts secured by
  894  the lien;, and the amount of the highest bid. A copy of the
  895  certificate of sale must shall be mailed by certified mail or,
  896  registered mail, or permitted delivery service, return receipt
  897  requested, or, if applicable, by permitted delivery service and
  898  first-class mail, postage prepaid, to all persons entitled to
  899  receive a notice of sale under subsection (6).
  900         (14) ACTIONS FOR FAILURE TO FOLLOW THE TRUSTEE FORECLOSURE
  901  PROCEDURE.—
  902         (b) Any trustee who intentionally violates the provisions
  903  of this section concerning the trustee foreclosure procedure
  904  commits a felony of the third degree, punishable as provided in
  905  s. 775.082, s. 775.083, or s. 775.084. A trustee who incorrectly
  906  ascertains that the obligor signed the return receipt as
  907  required in subsection (5) does not violate this section if the
  908  trustee made a good faith effort to properly ascertain that the
  909  obligor signed the return receipt in accordance with subsection
  910  (5).
  911         Section 15. Paragraph (a) of subsection (3), paragraphs (a)
  912  and (b) of subsection (5), paragraph (b) of subsection (6),
  913  paragraph (f) of subsection (7), and paragraph (b) of subsection
  914  (13) of section 721.856, Florida Statutes, are amended to read:
  915         721.856 Procedure for the trustee foreclosure of mortgage
  916  liens.—The provisions of this section establish a trustee
  917  foreclosure procedure for mortgage liens.
  918         (3) OBLIGOR’S RIGHTS.—
  919         (a) The obligor may object to the lienholder’s use of the
  920  trustee foreclosure procedure for a specific default within 20
  921  days after receipt of the notice required under subsection (5)
  922  any time before the sale of the timeshare interest under
  923  subsection (7) by delivering a written objection to the trustee
  924  using the objection form provided for in subsection (5). If the
  925  trustee receives the written objection from the obligor, the
  926  trustee may not proceed with the trustee foreclosure procedure
  927  as to the default specified in the notice of default and intent
  928  to foreclose under subsection (5), and the lienholder may
  929  proceed thereafter only with a judicial foreclosure action as to
  930  that specified default.
  931         (5) NOTICE OF DEFAULT AND INTENT TO FORECLOSE.—
  932         (a) In any foreclosure proceeding under this section, the
  933  trustee is required to notify the obligor of the proceeding by
  934  sending the obligor a written notice of default and intent to
  935  foreclose to the notice address of the obligor by certified mail
  936  or, registered mail, or permitted delivery service, return
  937  receipt requested;, and by first-class mail, postage prepaid;
  938  or, if applicable, permitted delivery service and first-class
  939  mail, postage prepaid, as follows:
  940         1. The notice of default and intent to foreclose must shall
  941  identify the obligor, the notice address of the obligor, the
  942  legal description of the timeshare interest, the nature of the
  943  default, the amounts secured by the lien, and a per diem amount
  944  to account for further accrual of the amounts secured by the
  945  lien and must shall state the method by which the obligor may
  946  cure the default, including the period of time after the date of
  947  the notice of default and intent to foreclose within which the
  948  obligor may cure the default.
  949         2. The notice of default and intent to foreclose must shall
  950  include an objection form with which the obligor can object to
  951  the use of the trustee foreclosure procedure by signing and
  952  returning the objection form to the trustee. The objection form
  953  must shall identify the obligor, the notice address of the
  954  obligor, the timeshare interest, and the return address of the
  955  trustee and must shall state: “The undersigned obligor exercises
  956  the obligor’s right to object to the use of the trustee
  957  foreclosure procedure contained in section 721.856, Florida
  958  Statutes.”
  959         3. The notice of default and intent to foreclose must shall
  960  also contain a statement in substantially the following form:
  961  
  962  If you fail to cure the default as set forth in this notice or
  963  take other appropriate action with regard to this foreclosure
  964  matter, you risk losing ownership of your timeshare interest
  965  through the trustee foreclosure procedure established in section
  966  721.856, Florida Statutes. You may choose to sign and send to
  967  the trustee, within 20 days after receipt of this notice, the
  968  enclosed objection form, exercising your right to object to the
  969  use of the trustee foreclosure procedure. Upon the trustee’s
  970  receipt of your signed objection form, the foreclosure of the
  971  lien with respect to the default specified in this notice is
  972  shall be subject to the judicial foreclosure procedure only. You
  973  have the right to cure your default in the manner set forth in
  974  this notice at any time before the trustee’s sale of your
  975  timeshare interest. If you do not object to the use of the
  976  trustee foreclosure procedure, you will not be subject to a
  977  deficiency judgment even if the proceeds from the sale of your
  978  timeshare interest are insufficient to offset the amounts
  979  secured by the lien.
  980  
  981         4. The trustee must shall also mail a copy of the notice of
  982  default and intent to foreclose, without the objection form, to
  983  the notice address of any junior interestholder by certified
  984  mail or, registered mail, or permitted delivery service, return
  985  receipt requested;, and by first-class mail, postage prepaid;
  986  or, if applicable, permitted delivery service and first-class
  987  mail, postage prepaid.
  988         5. Notice under this paragraph is considered perfected upon
  989  the trustee receiving the return receipt bearing the signature
  990  of the obligor or junior interestholder, as applicable, within
  991  30 calendar days after the trustee sent the notice under this
  992  paragraph. Notice under this paragraph is not perfected if:
  993         a. The notice is returned as undeliverable within 30
  994  calendar days after the trustee sent the notice;
  995         b. The trustee cannot, in good faith, ascertain from the
  996  receipt that the obligor or junior interestholder, as
  997  applicable, is the person who signed the receipt because all or
  998  a portion of the obligor’s or junior interestholder’s name is
  999  not on the signed receipt or the trustee cannot otherwise
 1000  determine that the obligor or junior interestholder signed the
 1001  receipt; or
 1002         b.c. The receipt from the obligor or junior interestholder,
 1003  as applicable, is returned or refused within 30 calendar days
 1004  after the trustee sent the notice.
 1005         (b) If the notice required by paragraph (a) is returned as
 1006  undeliverable within 30 calendar days after the trustee sent the
 1007  notice, the trustee must shall perform a diligent search and
 1008  inquiry to obtain a different address for the obligor or junior
 1009  interestholder. For purposes of this paragraph, any address
 1010  known and used by the lienholder for sending regular mailings or
 1011  other communications from the lienholder to the obligor or
 1012  junior interestholder, as applicable, must shall be included
 1013  with other addresses produced from the diligent search and
 1014  inquiry, if any.
 1015         1. If the trustee’s diligent search and inquiry produces an
 1016  address different from the notice address, the trustee must
 1017  shall mail a copy of the notice by certified mail or, registered
 1018  mail, or permitted delivery service, return receipt requested;,
 1019  and by first-class mail, postage prepaid; or, if applicable,
 1020  permitted delivery service and first-class mail, postage
 1021  prepaid, to the new address. Notice under this subparagraph is
 1022  considered perfected upon the trustee receiving the return
 1023  receipt bearing the signature of the obligor or junior
 1024  interestholder, as applicable, within 30 calendar days after the
 1025  trustee sent the notice under this subparagraph. Notice under
 1026  this subparagraph is not perfected if the receipt from the
 1027  obligor or junior interestholder is refused or, returned, or the
 1028  trustee cannot, in good faith, ascertain that the obligor or
 1029  junior interestholder, as applicable, is the person who signed
 1030  the receipt because all or a portion of the obligor’s or junior
 1031  interestholder’s name is not on the signed receipt or because
 1032  the trustee cannot otherwise determine that the obligor or
 1033  junior interestholder signed the receipt. If the trustee does
 1034  not perfect notice under this subparagraph, the trustee must
 1035  shall perfect service in the manner set forth in paragraph (c).
 1036         2. If the trustee’s diligent search and inquiry does not
 1037  locate a different address for the obligor or junior
 1038  interestholder, as applicable, the trustee may perfect notice
 1039  against that person under paragraph (c).
 1040         (6) NOTICE OF SALE.—
 1041         (b) The trustee must shall send a copy of the notice of
 1042  sale within 3 business days after the date it is submitted for
 1043  recording, by first-class mail or permitted delivery service, if
 1044  applicable, and first-class mail, postage prepaid, to the notice
 1045  addresses of the obligor and any junior interestholder.
 1046         (7) MANNER OF SALE.—
 1047         (f) On the date of the sale and upon receipt of the cash or
 1048  certified funds due from the highest bidder, the trustee shall
 1049  issue to the highest bidder a certificate of sale stating that a
 1050  foreclosure conforming to the requirements of this section has
 1051  occurred, including the time, location, and date of the sale;,
 1052  that the timeshare interest was sold;, the amounts secured by
 1053  the lien;, and the amount of the highest bid. A copy of the
 1054  certificate of sale must shall be mailed by certified mail or,
 1055  registered mail, or permitted delivery service, return receipt
 1056  requested, or, if applicable, by permitted delivery service and
 1057  first-class mail, postage prepaid, to all persons entitled to
 1058  receive a notice of sale under subsection (6).
 1059         (13) ACTIONS FOR FAILURE TO FOLLOW THE TRUSTEE FORECLOSURE
 1060  PROCEDURE.—
 1061         (b) Any trustee who intentionally violates the provisions
 1062  of this section concerning the trustee foreclosure procedure
 1063  commits a felony of the third degree, punishable as provided in
 1064  s. 775.082, s. 775.083, or s. 775.084. A trustee who incorrectly
 1065  ascertains that the obligor signed the return receipt as
 1066  required in subsection (5) does not violate this section if the
 1067  trustee made a good faith effort to properly ascertain that it
 1068  is the obligor who signed the return receipt in accordance with
 1069  subsection (5).
 1070         Section 16. Subsection (5) is added to section 721.86,
 1071  Florida Statutes, to read:
 1072         721.86 Miscellaneous provisions.—
 1073         (5) Mediation, a settlement conference, or any other effort
 1074  to resolve a foreclosure is not required once a default in a
 1075  judicial foreclosure of an assessment lien or mortgage lien has
 1076  been issued.
 1077         Section 17. For the purpose of incorporating the amendment
 1078  made by this act to section 721.11, Florida Statutes, in a
 1079  reference thereto, paragraph (d) of subsection (1) of section
 1080  721.09, Florida Statutes, is reenacted to read:
 1081         721.09 Reservation agreements; escrows.—
 1082         (1)
 1083         (d) A seller who has filed a reservation agreement and an
 1084  escrow agreement under this section may advertise the
 1085  reservation agreement program if the advertising material meets
 1086  the following requirements:
 1087         1. The seller complies with the provisions of s. 721.11
 1088  with respect to such advertising material.
 1089         2. The advertising material is limited to a general
 1090  description of the proposed timeshare plan, including, but not
 1091  limited to, a general description of the type, number, and size
 1092  of accommodations and facilities and the name of the proposed
 1093  timeshare plan.
 1094         3. The advertising material contains a statement that the
 1095  advertising material is being distributed in connection with an
 1096  approved reservation agreement filing only and that the seller
 1097  cannot offer an interest in the timeshare plan for sale until a
 1098  filed public offering statement has been filed with the division
 1099  under this chapter.
 1100         Section 18. For the purpose of incorporating the amendment
 1101  made by this act to section 721.11, Florida Statutes, in a
 1102  reference thereto, subsection (6) of section 721.111, Florida
 1103  Statutes, is reenacted to read:
 1104         721.111 Prize and gift promotional offers.—
 1105         (6) All advertising material to be distributed in
 1106  connection with a prize and gift promotional offer shall
 1107  contain, in addition to the information required pursuant to the
 1108  provisions of s. 721.11, the following disclosures:
 1109         (a) A description of the prize, gift, or other item that
 1110  the prospective purchaser will actually receive, including, if
 1111  the price is in excess of $50, the manufacturer’s suggested
 1112  retail price or, if none is available, the verifiable retail
 1113  value. If the value is $50 or less, the description shall
 1114  contain a statement of such.
 1115         (b) All rules, terms, requirements, and preconditions which
 1116  must be fulfilled or met before a prospective purchaser may
 1117  claim any prize, gift, or other item involved in the prize and
 1118  gift promotional plan, including whether the prospective
 1119  purchaser is required to attend a sales presentation in order to
 1120  receive the prize, gift, or other item.
 1121         (c) The date upon which the offer expires.
 1122         (d) If the number of prizes, gifts, or other items to be
 1123  awarded is limited, a statement of the number of items that will
 1124  be awarded.
 1125         (e) The method by which prizes, gifts, or other items are
 1126  to be awarded.
 1127         Section 19. This act shall take effect upon becoming a law.

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