7672135, 61B-39.003 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 7672135

Notice of Proposed Rule

Department:

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION

Division:

Division of Florida Condominiums, Timeshares and Mobile Homes

Chapter:

FILING REQUIREMENTS FOR PUBLIC OFFERING STATEMENTS

Overview

RULE:

61B-39.003

Filing of Single-Site Timeshare Plans

PURPOSE:

This rule amendment is required to address the new public offering statement disclosure requirement relating to a timeshare owner’s obligation to pay assessments as amended by Section 8 of Chapter 2009-133, LOF. The amendment also deletes redundant disclosure requirements in this rule.
Other rules incorporating this rule: Rules 61B-39.002, 39.003, 39.004, 39.005, 39.006, 39.008 and 41.003, F.A.C. The amendment to this rule will have no significant impact on the referenced rules.

SUMMARY:

This rule amendment addresses the public offering statement disclosure requirements for timeshare interests.

RULEMAKING AUTHORITY:

721.07(5), 721.26(6) FS.

LAW:

721.05, 721.06(1)(g), 721.07(5), (6), 721.52(4), (5), 721.53 FS.

PRINT PUBLISH DATE:

9/25/2009 Vol. 35/38

COMMENTS:

From 9/25/2009 To 10/16/2009 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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