Plain English Breakdown
The official bill text provided was a corrupted PDF file containing unreadable characters, so specific details could not be verified beyond the summary.
HB1364: Changes to Time-Share Foreclosure Rules
This bill repeals the law allowing lenders to take back time-share properties without going to court, except for some older time-shares.
What This Bill Does
- Repeals provisions that allow nonjudicial foreclosures on time-share estates.
Limits and Unknowns
- The official text does not list the specific time periods for which exceptions apply.
- No effective date is listed in the source material.
- Details on related matters are unknown because the full bill text was unreadable.