Bill Summary

by Berfield

Timeshare Plan Management : Revises applicability for provisions governing conflicts of interest between community association managers or community association management firms & certain persons with financial interest in such associations; provides construction; removes provision requiring managing entities that perform community association management to comply with certain provisions related to community association management firms; requires timeshare management firms & individuals employed by timeshare management firms to discharge their duties in good faith; exempts such firms & individuals from liability for monetary damages; requires board of administration of timeshare condominium to meet once per year; provides exception; requires disclosure of certain information annually to certain persons if timeshare management firm or owners' association provides goods & services through arrangements with specified entities. Effective Date: July 1, 2025

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