Illinois 95th Regular Session Status: Passed House

HB 5503 — REAL ESTATE TIMESHARE RESALE

Last action — Session Sine Die

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 95th Regular Session. It reached “Passed House” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Amends the Real Estate Timeshare Act of 1999. Provides that a resale agent means a person who sells, offers to sell, or advertises to sell a timeshare (instead of sells or offers to sell a timeshare). Provides that the minimum requirements of a timeshare sale listing agreement include the use, rental, or exchange of the unit during the listing period; designation of any rental fees recipient; disclosure of any relationship between the resale agent and any person receiving a benefit from the use of the timeshare; any pre-sale fees; the resale agent's prior experience; commissions; the resale agent's real estate license, or the lack of a license; and other matters (instead of requiring only disclosure of the resale agent's compensation, certain terms of the use or rental of the timeshare, and the length of the term of the listing contract). Provides for disclosures, in addition to those already required, to a prospective purchaser of a timeshare that include the status of assessments and real estate taxes and the location of documents about the timeshare. Provides that a timeshare resale agent shall be a licensed real estate broker or, if not, shall disclose that fact and supply a warning. Provides that a developer, exchange company, or resale agent shall renew their registrations at least biennially. Provides that a developer or promoter shall provide the required disclosures to a prospective purchaser in writing or electronically, although not in every ad or communication, at least once before the prospective purchaser leaves for a scheduled sales presentation. Makes other changes. Provides for severability of the provisions of this amendatory Act. Effective immediately.

Bill Text

What changed in the latest version

427 added · 395 removed

Plain-language change summary

The updated bill HB 5503 clarifies the definition of a "resale agent" to include not just those who sell timeshares but also those who offer or advertise them. It also expands the minimum requirements for timeshare sale listing agreements to include more details about the use, rental, and exchange of the timeshare, as well as any fees or relationships with individuals who might benefit from the sale. This matters because it increases transparency for consumers considering buying or selling timeshares, ensuring they are well-informed about potential costs and relationships that could affect their transaction.

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*LRB09517259AJO45956b* HB5503 95TH GENERAL ASSEMBLY State of Illinois and 2008 HB5503 by Rep.
HB5503 Engrossed LRB095 17259 AJO 45956 b AN ACT concerning civil law.
Angelo Saviano SYNOPSIS AS INTRODUCED:
ILCS 101/1-15 ILCS 101/5-35 ILCS 101/5-40 ILCS 101/5-45 ILCS 101/5-60 ILCS 101/10-25 Amends the Real Estate Timeshare Act of 1999.
Provides that a resale agent means a person who sells, offers to sell, or advertises to sell a timeshare (instead of sells or offers to sell a timeshare).
Provides that the minimum requirements of a timeshare sale listing agreement include the use, rental, or exchange of the unit during the listing period;
designation of any rental fees recipient;
disclosure of any relationship between the resale agent and any person receiving a benefit from the use of the timeshare;
any pre-sale fees;
the resale agent’s prior experience;
commissions;
the resale agent’s real estate license, or the lack of a license;
and other matters (instead of requiring only disclosure of the resale agent’s compensation, certain terms of the use or rental of the timeshare, and the length of the term of the listing contract).
Provides for disclosures, in addition to those already required, to a prospective purchaser of a timeshare that include the status of assessments and real estate taxes and the location of documents about the timeshare.
Provides that a timeshare resale agent shall be a licensed real estate broker or, if not, shall disclose that fact and supply a warning.
Provides that a developer, exchange company, or resale agent shall renew their registrations at least biennially.
Provides that a developer or promoter shall provide the required disclosures to a prospective purchaser in writing or electronically, although not in every ad or communication, at least once before the prospective purchaser leaves for a scheduled sales presentation.
Makes other changes.
Provides for severability of the provisions of this amendatory Act.
Effective immediately.
LRB095 17259 AJO 45956 b A BILL FOR HB5503 LRB095 17259 AJO 45956 b AN ACT concerning civil law.
The Real Estate Timeshare Act of 1999 is amended by changing Sections 1-15, 5-35, 5-40, 5-45, 5-60, and 10-25 as follows:
The Real Estate Timeshare Act of 1999 is amended by changing Sections 1-15, 5-40, 5-45, 5-60, and 10-25 as follows:
"Advertisement" means any written, oral, or electronic communication that is directed to or targeted to persons within HB5503 - 2 - LRB095 17259 AJO 45956 b the State of Illinois and contains a promotion, inducement, or offer to sell a timeshare plan, including but not limited to brochures, pamphlets, radio and television scripts, electronic media, telephone and direct mail solicitations, and other means of promotion.
"Advertisement" means any written, oral, or electronic communication that is directed to or targeted to persons within HB5503 Engrossed - 2 - LRB095 17259 AJO 45956 b the State of Illinois and contains a promotion, inducement, or offer to sell a timeshare plan, including but not limited to brochures, pamphlets, radio and television scripts, electronic media, telephone and direct mail solicitations, and other means of promotion.
"Developer" means and includes any person or entity, other than a sales agent, acquisition agent, or resale agent, who creates a timeshare plan or is in the business of selling timeshare interests, or employs agents to do the same, or any person or entity who succeeds to the interest of a developer by sale, lease, assignment, mortgage, or other transfer, but the term includes only those persons who offer timeshare interests HB5503 - 3 - LRB095 17259 AJO 45956 b for disposition in the ordinary course of business.
"Developer" means and includes any person or entity, other than a sales agent, acquisition agent, or resale agent, who creates a timeshare plan or is in the business of selling timeshare interests, or employs agents to do the same, or any person or entity who succeeds to the interest of a developer by sale, lease, assignment, mortgage, or other transfer, but the term includes only those persons who offer timeshare interests HB5503 Engrossed - 3 - LRB095 17259 AJO 45956 b for disposition in the ordinary course of business.
"Person" means a natural person, corporation, limited HB5503 - 4 - LRB095 17259 AJO 45956 b liability company, partnership, joint venture, association, estate, trust, government, governmental subdivision or agency, or other legal entity, or any combination thereof.
"Person" means a natural person, corporation, limited HB5503 Engrossed - 4 - LRB095 17259 AJO 45956 b liability company, partnership, joint venture, association, estate, trust, government, governmental subdivision or agency, or other legal entity, or any combination thereof.
"Resale agent" means a person who, directly or through the person’s employees or agents, sells, or offers to sell, or advertises to sell a timeshare interest previously sold to a purchaser or solicits an owner of a timeshare interest to list the owner’s timeshare interest for sale.
"Resale agent" means a person who, for another and for compensation, or with the intention or expectation of receiving compensation, either directly or indirectly directly or through the person’s employees or agents, sells, or offers to sell, or advertises to sell a timeshare interest previously sold to a purchaser or solicits an owner of a timeshare interest to list the owner’s timeshare interest for sale.
"Reservation system" means the method, arrangement, or procedure by which a purchaser, in order to reserve the use or occupancy of any accommodation of a multi-site timeshare plan for one or more timeshare periods, is required to compete with HB5503 - 5 - LRB095 17259 AJO 45956 b other purchasers in the same multi-site timeshare plan, regardless of whether the reservation system is operated and maintained by the multi-site timeshare plan managing entity, an exchange company, or any other person.
"Reservation system" means the method, arrangement, or procedure by which a purchaser, in order to reserve the use or HB5503 Engrossed - 5 - LRB095 17259 AJO 45956 b occupancy of any accommodation of a multi-site timeshare plan for one or more timeshare periods, is required to compete with other purchasers in the same multi-site timeshare plan, regardless of whether the reservation system is operated and maintained by the multi-site timeshare plan managing entity, an exchange company, or any other person.
or (2) a "timeshare use", which is the right to occupy a timeshare property, which right is neither coupled with a HB5503 - 6 - LRB095 17259 AJO 45956 b freehold interest, nor coupled with an estate for years with a future interest, in a timeshare property.
or HB5503 Engrossed - 6 - LRB095 17259 AJO 45956 b (2) a "timeshare use", which is the right to occupy a timeshare property, which right is neither coupled with a freehold interest, nor coupled with an estate for years with a future interest, in a timeshare property.
or (B) a "non-specific timeshare interest", which is the right to use accommodations at more than one component site created by or acquired through the timeshare plan’s reservation system, but including no HB5503 - 7 - LRB095 17259 AJO 45956 b specific right to use any particular accommodations.
or (B) a "non-specific timeshare interest", which is the right to use accommodations at more than one HB5503 Engrossed - 7 - LRB095 17259 AJO 45956 b component site created by or acquired through the timeshare plan’s reservation system, but including no specific right to use any particular accommodations.
Notwithstanding any other rulemaking authority that may exist, neither the Governor nor any agency or agency head under the jurisdiction of the Governor has any authority to make or promulgate rules to implement or enforce the provisions of this amendatory Act of the 95th General Assembly.
If, however, the Governor believes that rules are necessary to implement or enforce the provisions of this amendatory Act of the 95th General Assembly, the Governor may suggest rules to the General Assembly by filing them with the Clerk of the House and Secretary of the Senate and by requesting that the General Assembly authorize such rulemaking by law, enact those suggested rules into law, or take any other appropriate action in the General Assembly’s discretion.
Nothing contained in this amendatory Act of the 95th General Assembly shall be interpreted to grant rulemaking authority under any other Illinois statute where such authority is not otherwise explicitly given.
For the purposes of this amendatory Act of the 95th General Assembly, "rules" is given the meaning contained in Section 1-70 of the Illinois Administrative HB5503 Engrossed - 8 - LRB095 17259 AJO 45956 b Procedure Act, and "agency" and "agency head" are given the meanings contained in Sections 1-20 and 1-25 of the Illinois Administrative Procedure Act to the extent that such definitions apply to agencies or agency heads under the jurisdiction of the Governor.
1-1-00.) (765 ILCS 101/5-35) Sec.
5-35.
Resale agent registration requirements.
(a) Every resale agent as defined in this Act shall register with the Office of Banks and Real Estate.
(b) Every resale agent shall be responsible for registering the following information with the Office of Banks and Real Estate on forms provided by the Office of Banks and Real Estate:
(1) A description of the resale program offered by the resale agent.
(2) The legal name, any assumed names, and the mailing address, street address, contact person, and telephone number of the resale agent.
(3) A properly executed consent-to-audit form, which allows the Office of Banks and Real Estate to audit any escrow accounts held by the resale agent.
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(4) Any other information required by the Office of Banks and Real Estate to be filed by resale agents, as established by rule.
HB5503 - 8 - LRB095 17259 AJO 45956 b (c) The following shall be exempt from registration under this Section:
(1) Any developer, exchange company, sales agent, acquisition agent, or managing entity that is currently registered pursuant to this Act.
(2) Any purchaser that sells or offers to sell his or her own timeshare interest.
(3) Any homeowners’ association that sells or offers to sell its own timeshare interests acquired through foreclosure, deed in lieu of foreclosure, or gratuitous transfer.
(4) Any person who is licensed under the Real Estate License Act of 2000 1983 or its successor Act.
(Source:
P.A.
91-585, eff.
Whether registered or exempt from registration under Section 5-35, a resale agent shall comply with all of the following:
A Whether registered or exempt from registration under Section 5-35, a resale agent shall comply with all of the following:
The requirements of the written listing agreement shall be established by rule, HB5503 - 9 - LRB095 17259 AJO 45956 b but at a minimum the listing agreement shall disclose the following:
The requirements of the written listing agreement shall be established by rule, but at a minimum the listing agreement shall disclose the following:
(2) Whether any person other than the timeshare interest owner may rent or exchange the use of the timeshare interest during the period before the timeshare interest is resold.
(2) Whether any person other than the timeshare interest owner may rent or exchange the use of the timeshare interest during the period before the timeshare HB5503 Engrossed - 9 - LRB095 17259 AJO 45956 b interest is resold.
HB5503 - 10 - LRB095 17259 AJO 45956 b (6) A description of the amount or percentage and procedures for paying any commissions due to the resale agent upon resale of the timeshare interest.
(6) A description of the amount or percentage and procedures for paying any commissions due to the resale agent upon resale of the timeshare interest.
(7) Whether or not the resale agent holds a real estate license and:
the method of compensation, a definite date of termination, whether any fees are non-refundable, and whether the agreement permits the timeshare resale agent or any other person to make any use whatsoever of the owner’s timeshare interest or receive any rents or profits generated from such use of the HB5503 Engrossed - 10 - LRB095 17259 AJO 45956 b timeshare interest.
(A) if licensed, state the name, address, and telephone number of the State agency that issued the real estate license;
(b) A resale agent shall maintain records as required by rule.
or (B) if not licensed, provide the following disclosure:
"WARNING:
This resale agent DOES NOT have a real estate license and cannot perform many of the duties and services that may be conducted only by real estate licensees.
The duties and services that only those holding a real estate license are typically permitted to conduct include listing, negotiating for purchase or sale, buying, offering for sale, selling, renting, and exchanging, among other actions reserved to licensees by State laws." the method of compensation, a definite date of termination, whether any fees are non-refundable, and whether the agreement permits the timeshare resale agent or any other person to make any use whatsoever of the owner’s timeshare interest or receive any rents or profits generated from such use of the timeshare interest.
(b) A resale agent shall maintain records as required by HB5503 - 11 - LRB095 17259 AJO 45956 b rule.
The Office of Banks and Real Estate requires the resale agent to obtain this disbursement authorization with my signature before disbursement of my funds." (d) A resale agent shall utilize a purchase agreement that discloses to a purchaser of a timeshare interest all of the following:
The Office of Banks and Real Estate requires the resale agent to obtain this disbursement authorization with my signature before disbursement of my funds." (d) A resale agent shall utilize a purchase agreement that HB5503 Engrossed - 11 - LRB095 17259 AJO 45956 b discloses to a purchaser of a timeshare interest all of the following:
HB5503 - 12 - LRB095 17259 AJO 45956 b (1) A legally sufficient description of the timeshare interest being purchased.
(1) A legally sufficient description of the timeshare interest being purchased.
(6) A statement of the first year in which the purchaser is entitled to receive the actual use rights and occupancy of the timeshare interest, as determined by the HB5503 - 13 - LRB095 17259 AJO 45956 b managing entity of the timeshare plan and any exchange company.
(6) A statement of the first year in which the HB5503 Engrossed - 12 - LRB095 17259 AJO 45956 b purchaser is entitled to receive the actual use rights and occupancy of the timeshare interest, as determined by the managing entity of the timeshare plan and any exchange company.
(e) A resale agent:
(e) A resale agent shall be licensed as a real estate broker or salesperson pursuant to the provisions of the Real Estate License Act of 2000 or its successor Act.
(1) shall be licensed as a real estate broker or salesperson pursuant to the provisions of the Real Estate License Act of 2000 or its successor Act or pursuant to the real estate laws of the state in which the resale agent has HB5503 - 14 - LRB095 17259 AJO 45956 b its principal place of business;
HB5503 Engrossed - 13 - LRB095 17259 AJO 45956 b (f) Notwithstanding any other rulemaking authority that may exist, neither the Governor nor any agency or agency head under the jurisdiction of the Governor has any authority to make or promulgate rules to implement or enforce the provisions of this amendatory Act of the 95th General Assembly.
or (2) shall provide the disclosure required by subdivision (a)(7)(B) of this Section.
If, however, the Governor believes that rules are necessary to implement or enforce the provisions of this amendatory Act of the 95th General Assembly, the Governor may suggest rules to the General Assembly by filing them with the Clerk of the House and Secretary of the Senate and by requesting that the General Assembly authorize such rulemaking by law, enact those suggested rules into law, or take any other appropriate action in the General Assembly’s discretion.
Nothing contained in this amendatory Act of the 95th General Assembly shall be interpreted to grant rulemaking authority under any other Illinois statute where such authority is not otherwise explicitly given.
For the purposes of this amendatory Act of the 95th General Assembly, "rules" is given the meaning contained in Section 1-70 of the Illinois Administrative Procedure Act, and "agency" and "agency head" are given the meanings contained in Sections 1-20 and 1-25 of the Illinois Administrative Procedure Act to the extent that such definitions apply to agencies or agency heads under the jurisdiction of the Governor.
1-1-00.) (765 ILCS 101/5-45) Sec.
1-1-00.) HB5503 Engrossed - 14 - LRB095 17259 AJO 45956 b (765 ILCS 101/5-45) Sec.
Notwithstanding any other rulemaking authority that may exist, neither the Governor nor any agency or agency head under the jurisdiction of the Governor has any authority to make or promulgate rules to implement or enforce the provisions of this amendatory Act of the 95th General Assembly.
If, however, the Governor believes that rules are necessary to implement or enforce the provisions of this amendatory Act of the 95th General Assembly, the Governor may suggest rules to the General Assembly by filing them with the Clerk of the House and Secretary of the Senate and by requesting that the General Assembly authorize such rulemaking by law, enact those suggested rules into law, or take any other appropriate action in the General Assembly’s discretion.
Nothing contained in this amendatory Act of the 95th General Assembly shall be interpreted to grant rulemaking authority under any other Illinois statute where such authority is not otherwise explicitly given.
For the purposes of this amendatory Act of HB5503 Engrossed - 15 - LRB095 17259 AJO 45956 b the 95th General Assembly, "rules" is given the meaning contained in Section 1-70 of the Illinois Administrative Procedure Act, and "agency" and "agency head" are given the meanings contained in Sections 1-20 and 1-25 of the Illinois Administrative Procedure Act to the extent that such definitions apply to agencies or agency heads under the jurisdiction of the Governor.
(a) A developer, exchange company, or resale agent, or any of their agents, shall not sell, offer, or dispose of a timeshare interest unless all necessary registrations are filed and approved by the Office of Banks and Real Estate, or while an order revoking or suspending a registration is in effect.
(a) A developer or, exchange company, or resale agent, or any of their agents, shall not sell, offer, or dispose of a timeshare interest unless all necessary registrations are filed and approved by the Office of Banks and Real Estate, or while an order revoking or suspending a registration is in effect.
(b) An applicant for registration under this Act shall submit the necessary information to complete the application, HB5503 - 15 - LRB095 17259 AJO 45956 b as required by the Office of Banks and Real Estate, within 6 months from the date the initial registration application was received by the Office of Banks and Real Estate.
(b) An applicant for registration under this Act shall submit the necessary information to complete the application, as required by the Office of Banks and Real Estate, within 6 months from the date the initial registration application was received by the Office of Banks and Real Estate.
If the applicant fails to submit the information necessary to complete the application as required by the Office of Banks and Real Estate within the six month period, said application shall be voided, and a new registration application with applicable fees must be submitted.
If the applicant fails to submit the information necessary to complete the application as required by the Office of Banks and Real Estate within the six month period, said application shall be voided, and a new registration application with applicable fees HB5503 Engrossed - 16 - LRB095 17259 AJO 45956 b must be submitted.
(c) A developer, exchange company, or resale agent shall renew any registrations required by this Act no less frequently than on a biennial basis.
(c) Notwithstanding any other rulemaking authority that may exist, neither the Governor nor any agency or agency head under the jurisdiction of the Governor has any authority to make or promulgate rules to implement or enforce the provisions of this amendatory Act of the 95th General Assembly.
If, however, the Governor believes that rules are necessary to implement or enforce the provisions of this amendatory Act of the 95th General Assembly, the Governor may suggest rules to the General Assembly by filing them with the Clerk of the House and Secretary of the Senate and by requesting that the General Assembly authorize such rulemaking by law, enact those suggested rules into law, or take any other appropriate action in the General Assembly’s discretion.
Nothing contained in this amendatory Act of the 95th General Assembly shall be interpreted to grant rulemaking authority under any other Illinois statute where such authority is not otherwise explicitly given.
For the purposes of this amendatory Act of the 95th General Assembly, "rules" is given the meaning contained in Section 1-70 of the Illinois Administrative Procedure Act, and "agency" and "agency head" are given the meanings contained in Sections 1-20 and 1-25 of the Illinois Administrative Procedure Act to the extent that such definitions apply to agencies or agency heads under the jurisdiction of the Governor.
1-1-00.) (765 ILCS 101/10-25) Sec.
1-1-00.) HB5503 Engrossed - 17 - LRB095 17259 AJO 45956 b (765 ILCS 101/10-25) Sec.
HB5503 - 16 - LRB095 17259 AJO 45956 b (4) Misrepresent the length of time accommodations or amenities will be available to the purchaser of a timeshare interest.
(4) Misrepresent the length of time accommodations or amenities will be available to the purchaser of a timeshare interest.
(1) That the purpose of the promotion is to sell timeshare interests, which shall appear in bold face or other conspicuous type.
(1) That the purpose of the promotion is to sell timeshare interests, which shall appear in bold face or HB5503 Engrossed - 18 - LRB095 17259 AJO 45956 b other conspicuous type.
and the date by which HB5503 - 17 - LRB095 17259 AJO 45956 b each prize, gift, or benefit will be awarded or conferred.
and the date by which each prize, gift, or benefit will be awarded or conferred.
(d) A developer or other person using a promotion in connection with the offering of a timeshare interest shall provide the disclosures required by this Section in writing or electronically to the prospective purchaser at least once before a scheduled sales presentation and within a reasonable period before the scheduled sales presentation to ensure that the prospective purchaser receives the disclosures before leaving to attend the sales presentation.
(d) A developer or other person using a promotion in connection with the offering of a timeshare interest shall provide the disclosures required by this Section in writing or electronically to the prospective purchaser at least once before the earlier of (1) a reasonable period before the scheduled sales presentation to ensure that the prospective HB5503 Engrossed - 19 - LRB095 17259 AJO 45956 b purchaser receives the disclosures before leaving to attend the sales presentation or (2) the payment of any nonrefundable monies by the prospective purchaser in regard to the promotion.
(f) Notwithstanding any other rulemaking authority that may exist, neither the Governor nor any agency or agency head under the jurisdiction of the Governor has any authority to make or promulgate rules to implement or enforce the provisions of this amendatory Act of the 95th General Assembly.
If, however, the Governor believes that rules are necessary to implement or enforce the provisions of this amendatory Act of the 95th General Assembly, the Governor may suggest rules to the General Assembly by filing them with the Clerk of the House and Secretary of the Senate and by requesting that the General Assembly authorize such rulemaking by law, enact those suggested rules into law, or take any other appropriate action in the General Assembly’s discretion.
Nothing contained in this amendatory Act of the 95th General Assembly shall be interpreted to grant rulemaking authority under any other Illinois statute where such authority is not otherwise explicitly given.
For the purposes of this amendatory Act of the 95th General Assembly, "rules" is given the meaning HB5503 Engrossed - 20 - LRB095 17259 AJO 45956 b contained in Section 1-70 of the Illinois Administrative Procedure Act, and "agency" and "agency head" are given the meanings contained in Sections 1-20 and 1-25 of the Illinois Administrative Procedure Act to the extent that such definitions apply to agencies or agency heads under the jurisdiction of the Governor.
1-1-00.) Section 97.
1-1-00.) (765 ILCS 101/5-35 rep.) Section 10.
The Real Estate Timeshare Act of 1999 is amended by repealing Section 5-35.
Section 97.
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Action History

  1. Session Sine Die

  2. Rule 2-10 Committee Deadline Established As May 22, 2008; Substantive House Bills Out of Committee

  3. Referred to Rules

  4. First Reading

  5. Chief Senate Sponsor Sen. Don Harmon

  6. Placed on Calendar Order of First Reading

  7. Arrive in Senate

  8. Third Reading - Short Debate - Passed 083-026-000

  9. Final Action Deadline Extended-9(b) May 9, 2008

  10. Placed on Calendar Order of 3rd Reading - Short Debate

  11. House Floor Amendment No. 2 Adopted by Voice Vote

  12. House Floor Amendment No. 2 Recommends Be Adopted Judiciary I - Civil Law Committee; 009-000-000

  13. Held on Calendar Order of Second Reading - Short Debate

  14. Recalled to Second Reading - Short Debate

  15. House Floor Amendment No. 2 Rules Refers to Judiciary I - Civil Law Committee

  16. House Floor Amendment No. 2 Referred to Rules Committee

  17. House Floor Amendment No. 2 Filed with Clerk by Rep. Angelo Saviano

  18. Placed on Calendar Order of 3rd Reading - Short Debate

  19. Second Reading - Short Debate

  20. Placed on Calendar 2nd Reading - Short Debate

  21. Do Pass as Amended / Short Debate Judiciary I - Civil Law Committee; 014-000-000

  22. House Committee Amendment No. 1 Adopted in Judiciary I - Civil Law Committee; by Voice Vote

  23. House Committee Amendment No. 1 Filed with Clerk by Judiciary I - Civil Law Committee

  24. Assigned to Judiciary I - Civil Law Committee

  25. Referred to Rules Committee

  26. First Reading

  27. Filed with the Clerk by Rep. Angelo Saviano

Sponsors

  • Angelo Saviano · Cosponsor

Sponsorship breakdown

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0 sponsors · 1 co-sponsors · 182 not signed on · 5 voted No

Sponsors (0)

None.

Co-sponsors (1)

  • Angelo Saviano

Not signed on (182)

182 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Third Reading

Passed 83 Yea · 26 Nay · 9 Other
Party YeaNayPresentNot Voting
Unaffiliated 742209
Republican 2200
Democrat 7200
Total 832609
% of votes cast 70%22%0%8%
How each member voted (118)
Member Party Vote
Munson — Yea
Graham — Yea
Hassert — Yea
Jefferson — Nay
Krause — Yea
Reitz — Yea
Lyons — Yea
Dunn — Yea
Durkin — Yea
Madigan — Yea
May — Yea
McAuliffe — Yea
McCarthy — Yea
Mendoza — Yea
Meyer — Yea
Molaro — Yea
Mulligan — Yea
McGuire — Yea
Myers — Yea
Nekritz — Yea
Brady — Yea
Osterman — Yea
Mitchell, Jerry — Yea
Phelps — Yea
Poe — Yea
Scully — Yea
Burke — Yea
Sullivan — Yea
Sommer — Yea
Hannig — Yea
Harris — Yea
Tryon — Yea
Turner — Yea
Verschoore — Yea
Howard — Yea
Wait — Yea
Yarbrough — Yea
Younge — Yea
Davis, Monique — Yea
Coladipietro — Yea
Colvin — Yea
Cross — Yea
Currie — Yea
D'Amico — Yea
Dugan — Nay
Dunkin — Nay
Eddy — Nay
Flider — Nay
Flowers — Yea
Fritchey — Yea
Golar — Yea
Granberg — Yea
Hamos — Yea
Jefferies — Yea
Mitchell, Bill — Nay
Hernandez — Nay
Pihos — Not Voting
Schock — Nay
Bradley, Richard — Not Voting
Watson — Not Voting
Bradley, John — Not Voting
Washington — Not Voting
Winters — Nay
Cole — Nay
Coulson — Nay
Cultra — Nay
Franks — Nay
Gordon — Not Voting
Holbrook — Nay
Jakobsson — Nay
Kosel — Not Voting
Osmond — Yea
Patterson — Not Voting
Pritchard — Yea
Ramey — Yea
Reboletti — Yea
Reis — Nay
Riley — Yea
Ryg — Not Voting
Sacia — Yea
Saviano — Yea
Schmitz — Yea
Soto — Yea
Lang — Yea
Leitch — Nay
Lindner — Yea
Acevedo — Yea
Arroyo — Yea
Bassi — Yea
Beaubien — Yea
Mathias — Yea
Beiser — Nay
Bellock — Yea
Berrios — Yea
Mautino — Yea
Biggins — Yea
Black — Yea
Boland — Nay
Bost — Nay
Brauer — Yea
Brosnahan — Yea
Moffitt — Yea
Fortner — Yea
Froehlich — Nay
Chapa LaVia — Nay
Fred Crespo Democrat Nay
Jay Hoffman Democrat Yea
La Shawn K. Ford Democrat Yea
Lakesia Collins Democrat Yea
Nicholas K. Smith Democrat Nay
Patrick J. Joyce Democrat Yea
Robert "Bob" Rita Democrat Yea
Sara Feigenholtz Democrat Yea
William "Will" Davis Democrat Yea
Brad Stephens Republican Nay
Chapin Rose Republican Nay
Chris Miller Republican Yea
Jil Tracy Republican Yea

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housing
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Frequently asked questions

What does HB 5503 do?
Amends the Real Estate Timeshare Act of 1999. Provides that a resale agent means a person who sells, offers to sell, or advertises to sell a timeshare (instead of sells or offers to sell a timeshare). Provides that the minimum requirements of a timeshare sale listing agreement include the use, rental, or exchange of the unit during the listing period; designation of any rental fees recipient; disclosure of any relationship between the resale agent and any person receiving a benefit from the use of the timeshare; any pre-sale fees; the resale agent's prior experience; commissions; the resale agent's real estate license, or the lack of a license; and other matters (instead of requiring only disclosure of the resale agent's compensation, certain terms of the use or rental of the timeshare, and the length of the term of the listing contract). Provides for disclosures, in addition to those already required, to a prospective purchaser of a timeshare that include the status of assessments and real estate taxes and the location of documents about the timeshare. Provides that a timeshare resale agent shall be a licensed real estate broker or, if not, shall disclose that fact and supply a warning. Provides that a developer, exchange company, or resale agent shall renew their registrations at least biennially. Provides that a developer or promoter shall provide the required disclosures to a prospective purchaser in writing or electronically, although not in every ad or communication, at least once before the prospective purchaser leaves for a scheduled sales presentation. Makes other changes. Provides for severability of the provisions of this amendatory Act. Effective immediately.
Who sponsors HB 5503?
HB 5503 is sponsored by Angelo Saviano.
What is the current status of HB 5503?
This bill died with 95th Regular Session. It reached “Passed House” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HB 5503?
Track HB 5503 free on One Click Politics — get push/email alerts when it moves.

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